K+N and Panalpina Show There’s More Than One Way to Deliver — Panjiva


K+N and Panalpina Show There’s More Than One Way to Deliver

Corp - Forwarders 157 Earnings 365 Global 722 Mode - Airfreight 131 Mode - Seaborne 1273

K+N reported revenue growth of 15% on a year earlier in 2Q, reaching a record high, after beating analysts’ expectations by 7% points. That was due to a surge in the freight forwarder’s handling, including an 11% rise in ocean freight volumes in 2Q vs. a market increase of just 4%. That markedly outperformed its peer Panalpina which fell 1%, illustrating K+N’s volume-driven approach to profit growth vs. Panalpina’s margin-driven route. For example on U.S.-inbound seaborne routes K+N’s volumes rose 8% in 2Q vs. Panalpina’s 4%. While K+N’s profits (EBITDA) were 1% better than expected in a...

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.