Panjiva Daily: Expeditors, K+N squeezed by competitors, COVID-19; JCB has a hole — Panjiva
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Panjiva Daily: Expeditors, K+N squeezed by competitors, COVID-19; JCB has a hole

Global 1391 Panjiva Daily 723

The freight forwarding industry is facing a range of pressures from weak underlying trade volumes to COVID-19 and competition from Flexport and Amazon. JCB is having to reduce production in response to lost parts imports from China. Also: Delong, Gavilon face export squeeze as COVID-19 cuts container availability; Wallenius Wilhelmsen chooses contraction in shrinking car carrier market; Sumitomo gains as Hankook demand skids; latest round of tech restrictions in doubt; metals tariffs in doubt, again; and Britain wants to be like Canada, the EU doesn’t.

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