Nippon Express Makes 8 Out of 9 Disappointments from the 3PLs — Panjiva


Nippon Express Makes 8 Out of 9 Disappointments from the 3PLs

Corp - Forwarders 157 Earnings 365 Global 724

Third party logistics (3PL) provider Nippon Express has reported third quarter revenues that grew by 8.1% on a year earlier as a result of strong airfreight volumes. Yet, its profitability (EBITDA margin) of 5.73% was below analysts’ expectations of 5.99% and below the year earlier level of 5.92%. That was likely  due to extra costs resulting from natural disasters across Asia during the quarter. As a result Nippon Express was the eighth out of the nine 3PLs that have reported profitability that was below analysts’ expectations. Rising costs, including fuel prices and contai...

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