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


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

Corp - Forwarders 157 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

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...

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.