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DB Schenker has proposed a “stability package” for customers of Maersk’s Damco freight forwarding business. The latter will withdraw from full-container load common-carrier services later this year. The offer comes as DB Schenker’s volumes handled on U.S. seaborne, i... Read more →
The month of November was one of stasis in terms of the U.S.-China trade war, leading our readers to look at the impact of events so far. The most read Panjiva research reports last month looked at the impact of the trade war and development of competition in the freight forwarding industry... Read more →
Following their merger, the combined DSV-Panalpina’s growth strategy will focus in part on Trans-Pacific trade lanes, according to CEO Jens Bjorn Andersen. The firm has already started offsetting reduced flows on China-to-U.S. routes, which fell 6.2% year over year in 3Q, with a 24.9%... Read more →
Deutsche Bahn’s CEO Richard Lutz has stated the firm won’t sell its freight forwarding operation DB Schenker as the needs of its rail customers “do not stop at national borders”. That follows a period of M&A among the forwarders including acquisitions by DSV and... Read more →
Freight forwarders operating U.S.-inbound, seaborne routes had a tough end to the first quarter, with volumes down 4% for the top 10 companies in March. Yet, that mostly reflected the timing of the lunar new year, with overall volumes in the first quarter having improved by 7%.
Despi... Read more →
Freight forwarders operating on U.S.-inbound, seaborne routes had another month of growth in October, with a 4% rise in shipments driven by strong exports from Asia. UPS did best of the top 10 operators, with a 27% rise in volumes on a year earlier. That allowed it to take market share from... Read more →
The NVOCCs operating on U.S.-inbound routes had another bumper month in July, with seaborne shipments rising 6% on a year earlier. That was largely driven by Asian traffic, and was dominated by the larger carriers. The top two, Expeditors and CH Robinson, expanded by 12% and 10% respectivel... Read more →
Panalpina CEO Stefan Karlen has flagged “lower results for the first half of the year”, which compares to analysts’ forecasts of a 16% growth rate. He cites market challenges despite expanding volumes. This wouldn’t be the first disappointment vs. the market – first quarter revenues were 5%... Read more →
The freight forwarders had a strong month of growth in April on U.S.-bound traffic, with only three of the top 25 NVOCCs experiencing lower volumes. Panjiva data shows that Expeditors International, the largest operator, expanded by 6.0% – a similar rate to the first quarter. Yet, it ... Read more →
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