The freight forwarding sector had a tough Q1, shown by Deutsche Post’s earnings report which included a 9.5% year over year slide in air freight and a 5.7% drop in ocean freight handling. COVID-19 had an impact on the forwarding industry more broadly through lower customer demand and equipment disruptions. DP-DHL has flagged though that the start to Q2 was “not as severe as one could have feared”. U.S. seaborne imports of full containers handled by DP-DHL fell by just 1.9% year over year in April, though among its peers K+N and DB-Schenker saw declines of 12.0% and 9...