K+N Could Use Hapag-Lloyd’s Hand as Freight Forwarders’ Growth Slows — Panjiva
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K+N Could Use Hapag-Lloyd’s Hand as Freight Forwarders’ Growth Slows

Corp - Forwarders 347 Corp - Shipping 1026 Mode - Containerized 1524 Mode - Seaborne 1845 U.S. 5399

Freight forwarders saw growth in U.S.-inbound, seaborne traffic of just 1.9% on a year earlier in November, down from an average 7.2% in the prior three months on average. That was due in part to U.S. tariffs on Chinese exports as well as a drop in traffic from Europe. Of the top 20 forwarders 16 saw either an outright drop in volumes or a slowdown in growth. Ceva Logistics managed to reduce its rate of decline to 1.1% in November from 8.2% in the prior three months, possibly as a result of its new strategic alignment with container-line CMA-CGM. K+N meanwhile saw the harshest decelerati...

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