CH Robinson Suffers Asia Slowdown as Panalpina and Ceva Resist Temptation — Panjiva
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CH Robinson Suffers Asia Slowdown as Panalpina and Ceva Resist Temptation

Corp - Forwarders 157 Mode - Seaborne 1275 U.S. 3310

Freight forwarders operating U.S.-inbound services saw improved volumes in January after a 5.1% year over year rise in shipments. Yet, the difference in performance between Asia-centric and European-centric operators was stark. Forwarders with a higher proportion of shipments from China saw a marked turnaround with CH Robinson experiencing a 3.4% reduction in traffic after a 13.0% average increase in 4Q. European-focused firms including DSV, which saw a 14.2% year over year rise in volumes in January, did much better. The two forwarders that are subject to takeover offers resisted the te...

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