Tariff Quote Watch: K+N Sees Stagnant First Quarter Once Stock Building Ends — Panjiva


Tariff Quote Watch: K+N Sees Stagnant First Quarter Once Stock Building Ends

China 1758 Corp - Forwarders 157 Mode - Containerized 1005 Mode - Seaborne 1273 Tariff Quote Watch 91 Tariffs 1169 Trade Deals 702 U.S. 3297 United Kingdom 194

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. 3...

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