Kerry’s Profits Storm Ahead as China-U.S. Tariff Clouds Gather — Panjiva
Más

Panjiva_research_logo

Kerry’s Profits Storm Ahead as China-U.S. Tariff Clouds Gather

China 1762 Corp - Forwarders 157 Mode - Seaborne 1275 U.S. 3310

Freight forwarder Kerry Logistics followed the sector in reporting lower profitability in the first half of 2018 with operating margins that fell to 7.0% from 7.4% a year earlier. Yet, total profits climbed by 22% which the management of the firm attributed to higher Transpacific volumes ahead of new duties being applied by the U.S. and China. Shipments from China to the U.S. by sea by Kerry’s Apex operation rose 8% in 2Q vs. a total rise of 13%. That would suggest the forwarder also competed aggressively for market share elsewhere. Once duties do widen, including tariffs on a further $...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.