Panjiva Research

Yang Ming, Evergreen win state support to maintain national champion status

May 21, 2020

The Taiwanese government is providing $1 billion of state aid to the container-lines Yang Ming and Evergreen Marine to ensure their financial stability during the COVID-19 pandemic. The government expects “global container volume may decrease by as much as 30%” in the next few months. Yang Min... Read more →

FedEx teams up with Microsoft to tackle Amazon and Flexport threats

May 21, 2020

FedEx and Microsoft have announced a joint venture to offer data analytics solutions over the Azure system to FedEx’s freight customers. The freight forwarding sector faces disruption from technology driven competitors including both Amazon, which provides services to its market place customer... Read more →

Seattle, Tacoma feel COVID-19’s impact on empty container flows

May 20, 2020

U.S. port activity has slowed as a result of the impact of COVID-19 on global trade flows. Volumes shipped via the ports of Seattle and Tacoma fell by 23.5% year over year in April. There’s also been a slide in handling of empty containers of 58.2%, indicating that equipment needed to ensure s... Read more →

China’s unreliable entities list could put U.S. logistics providers at risk

May 20, 2020

Rhetoric between China and the U.S. is worsening. The Chinese government has threatened to put an “unreliable entities list” in place to target companies that “fail to comply with market rules, deviate from the spirit of the contract” and other criteria. The list may be deployed against U.S. c... Read more →

Deutsche Post beats a bad benchmark in April, says Q2 not as severe as feared

May 18, 2020

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... Read more →

Cosco, Evergreen buck COVID-19 trend for container-lines as China recovers

May 14, 2020

The container shipping industry has had a challenging start to Q2 after a difficult Q1 as the industry has faced lower volumes due to the COVID-19 pandemic. K-Line has suspended its dividend, Yang Ming has carried out an equity capital increase and CMA-CGM has obtained a state loan guarantee. ... Read more →

U.S. port slowdown proves uneven, Norfolk falls behind

May 13, 2020

U.S. port operators are facing challenges from lower shipping activity during the coronavirus pandemic. That’s led the Federal Maritime Commission to call for Congressional support for the sector, while at least two ports have requested state aid. U.S. seaborne imports of containerized freight... Read more →

COVID-19 boosts drop-shipping, fractional trade means U.S. wins on a technicality

May 12, 2020

The number of U.S. seaborne import shipments surged 13.0% higher year over year in April. That may be counter-intuitive given the economic disruptions caused by the COVID-19 pandemic. However, it’s due to a 343% surge in the number of smaller, less-than-container load (LCL) shipments coming fr... Read more →

Logistics employment slump suggests continued low activity

May 11, 2020

U.S. non-farm payroll employment levels fell in April as a result of the COVID-19 linked industrial shutdowns. Payrolls in the logistics and transport industry fell by 9.1% year over year. That was led by a 25.6% slump in airline and airport jobs while employment in the waterborne sector dropp... Read more →

Matson hopes faster means better as COVID-19 overshadows outlook

May 7, 2020

Container shipping firm Matson reported revenues which declined by 3.5% year over year in Q1 as a collapse in logistics brokerage revenues was offset by growth in container handling on routes from Hawaii and Alaska. Continued growth in the latter two will be crimped by reduced tourism and lowe... Read more →

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