The global logistics industry had a challenging 2018 due to rising fuel costs and overcapacity. The coming year won’t be any easier. Attempts to rebuild profitability, which fell by 2.4% points at the EBITDA line for the container-lines and 0.6% points for the freight forwarders, may include service offering innovations in terms of routings. However, cross-alliance offerings may run afoul of antitrust reviews being conducted by the European Union. Mergers and acquisitions are more likely to be vertical in nature – between shipping firms and forwarders – as has already been seen with CMA-...