K+N, CH Robinson Step Back as Consolidators Dominate Freight Growth — Panjiva


K+N, CH Robinson Step Back as Consolidators Dominate Freight Growth

Corp - Forwarders 164 Mode - Seaborne 1307 U.S. 3445

Freight forwarders offering U.S.-inbound maritime services saw their growth slow to just 0.9% year over year in May from 2.0% in the prior three months. A decline in shipments from China and the EU have been the main culprits. The largest forwarders appear to have cut their market share, perhaps as a response to lower profit margins. K+N and CH Robinson’s volumes fell 12.9% and 10.1% respectively. Forwarders that are in the midst of consolidation have proven more aggressive. DSV’s volumes rose 13.3% – though Panalpina’s shipments fell – while CMA-CGM’s...

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