CH Robinson survives COVID-19 woes as growth outperforms peers — Panjiva
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CH Robinson survives COVID-19 woes as growth outperforms peers

China 3048 Coronavirus 511 Corp - Forwarders 347 European Union 878 Industrials - Capital Goods 620 Mode - Seaborne 1845 U.S. 5399

The global shipping slowdown caused by the coronavirus pandemic led U.S. seaborne imports to fall by 10.1% year over year in March. Freight forwarders are attempting to enhance their services with new expedited shipping services, though declarations of force majeure also abound. Among the worst performers in March in terms of U.S. seaborne imports was FedEx with a 19.2% slide in shipments linked to the firm while K+N’s volumes fell by 14.1%. CH Robinson surprisingly saw a 7.7% jump in volumes, which was largely due to a 63.5% surge in shipments from Europe having offset a 37.6% slide fro...

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