Supply Chain Research

The freight forwarding operations of UPS and K+N have both been held back by the impact of the U.S.-China trade war in 3Q. UPS saw revenue growth of 5.0% year over year, driven almost entirely by domestic operations. International operations saw “export volume growth on intra-European trade lanes and virtually all Asia trade lanes except Asia-U.S.” Similarly K+N’s revenues fell 1.1% due to a slump in airfreight volumes. CEO Detlef Trefzger noted “the trade lanes where we see relative better volume growth is U.S., North America to Europe, and exports from Europe to Asia, but a weaker Asia...