EsThe Non Vessel Operating Common Carriers (NVOCCs) operating on U.S.-inbound lines saw a strong performance in March, with total U.S.-bound volumes rising 7.3% on a year earlier. That was the result of increased shipments from Asia, as outlined in Panjiva research of April 6. The top 10 by scale outperformed significantly, Panjiva data with a combined 12.8% growth on a year earlier. The fastest growth was experienced by DSV, which expanded 59.2% as a result of the acquisition of UTi that was completed in August. Adjusting for that its growth was a more modest 1.9%. Panalpina underperformed, with growth of “just” 7.8% while Shipco dropped for a second month by 8.6%.
Source: Panjiva
Deutsche Bahn-Schenker’s growth of 22.5% appears to be largely the result of organic growth, and resulted in it jumping to fourth place in the NVOCC rankings behind an unchanged top three led by Expeditors of Washington. The strong growth in volumes seen by the larger operators will be needed to underpin analysts’ expectations of a 10.3% growth in revenues in the first quarter on a year earlier (based on consensus estimates for DSV, Expeditors, K+N, Nippon Express and Panalpina gathered by Reuters).
Source: Panjiva
Panjiva analysis of 3,400 NVOCC-country pairs shows Expeditors, CH Robinson, Orient Express and Apex dominate on Asia-U.S. routes while Deutsche Post-DHL, DB-Schenker, DSV and Panalpina lead on Europe routes. There are few significant operators on intra-Americas routes among the top 20 NVOCCs. That pattern marks a contrast to the globalized nature of the carrier alliances, and may limit the effectiveness of the NVOCCs to customers that are looking for broader based solutions.
Source: Panjiva
