The freight forwarding sector likely had a challenging third quarter. The airfreight sector globally suffered a 3.9% downturn in volumes compared to a year earlier in August after a 3.2% drop in July. Seaborne freight handling may have also decline with U.S. seaborne imports having fallen 1.7% year over year in September, bringing the 3Q total to growth of just 0.2% after a 0.8% rise in 2Q. Among the major forwarders only DP-DHL and DB-Schenker saw improvements of 6.0% and 5.5% year over year respectively in 3Q, partly due to their lower-than-average exposure to China. Consolidation has ...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.