The freight forwarding industry is facing a peak season traffic boom as a result of post-lockdown restocking and retailers preparing for an anticipated earlier-and-larger shopping season. U.S. seaborne imports surged 16.8% year over year in October. The Asia-centric forwarders did best with Honour Lane and Hecny’s volumes climbing 80.5% and 74.5% higher respectively. UPS did best among the generalists with growth of 40.3% after a 19.3% rise in Q3’20. DP-DHL’s volumes climbed 39.3% after the firm raised its earnings guidance in mid-October. DB-Schenker was the only major forwarder to lose...
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