K+N has reported revenue growth of 3.1% year over year for 2Q. That was below analysts’ expectations of 5.7% for the freight forwarder and was due to an 8.4% slide in airfreight volumes resulting from “growing trade barriers” according to the company. K+N nonetheless managed to increase its EBITDA margin to 8.4% compared to 8.1% expected, in part due to a disciplined approach to market share. That’s shown by its U.S. seaborne volumes which fell 4.2% year over year in 2Q compared to an industry average of a 1.2% decline. Shipments from China led the downturn with an 18.4% year over year d...