The freight forwarding sector is facing a squeeze in volumes from the trade war and a global economic slowdown – it also remains highly competitive with new entrants including Flexport. Hapag-Lloyd’s traded off lower volumes for higher shipping rates. Also: farmers claw their way back into the Chinese chicken market; Sappi suffers from the trade war, but not due to tariffs; tariffs fail to floor vinyl tile buyers as new round of exemptions is granted; Pelosi’s wishing may make it so for USMCA; Maersk does better than expected, sees trade war weighing on global growth...
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