Panjiva Research

Panalpina Growth Parked Ahead of DSV Scale Push

April 18, 2019

Panalpina reported 5.0% year over year revenue growth in 1Q 2019, marking the slowest expansion by the freight forwarder since 1Q 2017. That’s largely been down to a 3.0% drop in ocean freight volumes due to a weak macroeconomic situation, according to CEO Stefan Karlen. The firm may have trie... Read more →

Cosco Shipping’s Rebound May Just Be A Bounce

April 1, 2019

Cosco Shipping reported a rebound in profitability in 4Q 2018 with an EBITDA margin of 10.2% from 2.4% a year earlier. That was the highest result since 3Q 2014 and was helped by a mixture of the inclusion of superior profitability from Orient Overseas as well as less aggressive competition fo... Read more →

ZIM Volumes Set To Zoom, Profits Zapped By Lease Payments

March 22, 2019

Container-line ZIM Shipping reported a 12.1% year over year increase in revenues in 4Q. The growth included a 9.0% rise in average shipping rates that was inline with its peers. The firm’s volume growth of 4.0% is likely to accelerate in the new year after signing a route sharing alliance with... Read more →

Fedex Focuses on Profitability as Revenue Growth Slows

March 19, 2019

Fedex reported fiscal 3Q, or calendar 1Q, revenue growth of just 2.9% compared to a year earlier. That was the slowest rate for the third party logistics provider since 2Q 2015. The slowdown was widespread across the business with the express parcel segment saw a 1.0% drop in revenues. The com... Read more →

Deutsche Post DHL Leads Forwarders in Prioritizing Profitability Over Growth

March 7, 2019

Deutsche Post DHL reported 4Q 2018 revenue growth of 5.1%. That was the fastest rate of growth since 3Q 2017 but lagged the freight forwarder sector average of 7.1%, in part due to seafreight volumes that grew by just 0.5%. The firm plans to grow at levels “closer to market” in 201... Read more →

CMA-CGM Draws on Cost Cutting as Well as Ceva For Future Growth

March 4, 2019

CMA-CGM reported 4Q revenues that rose by 14.9% year over year as the container line’s average shipping rates improved by 6.3%. The latter was better than Hapag-Lloyd’s 3.9% rise but below the industry average 9.3%. CMA-CGM’s volumes handled also expanded, including a 9.9% increase in U.S.-inb... Read more →

Lego Rebuilds Its U.S. Business With Mexican Supply Chain Enhancements

February 28, 2019

Lego A/S reported a 7.0% year over year increase in revenues in 2018 on a constant currency basis, reversing a similar decline seen in 2017. That’s been partly driven by improved demand as well as resolving supply chain issues, which include investments in new warehouses in Mexico. The latter ... Read more →

Panalpina Chooses Profits Over Volumes, Will Need to Choose a Suitor

February 28, 2019

Panalpina reported 4Q revenues that expanded 8.6% year over year, due in large part to a 14.5% improvement in average achieved shipping rates per unit in its ocean shipping business. That partly came at the cost of lower volume growth, shown by U.S. containerized imports that increased by just... Read more →

K+N’s Tough End to 2018 May Need More Than a Cost Cutting Fix

February 27, 2019

K+N has reported 4Q revenues that rose by 6.8% year over year, the slowest rate in two years. That was likely due in part to a drop in air freight volumes as well as a 3.3% decline in achieved revenues per unit in seafreight. The firm blames weakness in European trade routes for the slowdown, ... Read more →

Hapag-Lloyd Avoids China Risk, Can’t Dodge Fuel Cost Troubles

February 25, 2019

Hapag-Lloyd reported 4Q revenues that rose 16.1% year over year, though that included an average container-rate increase of just 3.9%. That was well below Maersk, and the industry average, which achieved a 9.3% improvement. Hapag-Lloyd’s volume growth of 7.2% did not receive a big boost from ... Read more →

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