The global freight forwarding sector experienced revenue growth of just 1.5% year over year in 2Q, based on the financial reports of the 12 largest operators. That was in part down to a drop in global airfreight volumes as well as lackluster seafreight growth. Nonetheless, the profitability of the sector has improved as a result of cost cutting plans, particularly at DSV, K+N and UPS. Slow growth looks set to continue at the start of 3Q. Panjiva’s U.S. seaborne, inbound data shows a 1.6% year over year expansion in total imports, including a 3.0% slip in shipments from China. The worst p...