The freight forwarding sector had a tough end to 2019 after U.S. seaborne imports fell by 7.1% year over year in 4Q. Among the majors only DB Schenker and DP-DHL saw growth with expansions of 8.7% and 1.8% respectively due to their reliance on European rather than Asian shipments. The big three all saw lower shipments including a 12.9% slide in volumes handled by Expeditors. Consolidation in the industry has not helped companies grow after DSV-Panalpina’s volumes slipped 6.2% lower while Ceva Logistics – controlled by CMA-CGM – slumped 16.3%. The latter’s performance has led CMA-CGM to r...