Global trade policy uncertainty has worked to the advantage of the freight forwarder sector so far with third quarter revenues having risen by 8.8% on a year earlier as importers race to beat tariffs. Yet, K+N’s CEO, Detlef Trefzger, has indicated “that trade could stagnate in the first quarter” as stockpiling in the U.K. and U.S. dissipates. British imports rose 17.4% in 3Q 2018 vs. 2Q 2016 before the Brexit referendum, though sequential growth has been just 2.3%. The U.S.-China trade war resulted in an 8.0% rise in U.S. imports from China in the three months to Oct. 31. K+N has not ben...