K+N Sets High Hurdle for Freight Forwarder Revenues — Panjiva
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K+N Sets High Hurdle for Freight Forwarder Revenues

Corp - Shipping 1026 Earnings 759 Finance 118 Global 1391 Logistics 476 Mode - Airfreight 182 Mode - Containerized 1524 Mode - Seaborne 1845

Freight forwarder Kuehne+Nagel kicked off the shipping industry’s first quarter revenue reports with a 7% rise on a year earlier. That was the first increase after two down quarters and 4% better than analysts’ expectations. Seafreight volumes increased 9% as a result of gaining share in a market that expanded 4%. That bodes well for the container-liners. Panjiva analysis of analysts’ estimates, combined with these results, show the forwarding industry’s revenues could rise 5% in the first quarter in total.

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