Tough 2019 Beckons for UPS, Ground Lost to CH Robinson — Panjiva


Tough 2019 Beckons for UPS, Ground Lost to CH Robinson

Corp - Forwarders 157 Mode - Seaborne 1273 U.S. 3297

The freight forwarding sector had a bumper end to 2018 with an 8.8% growth in U.S.-inbound, seaborne volumes in December resulting in a full year gain of 6.4%. Increased imports from China – ahead of the now-delayed tariff increases – was a major driver. Most of the major forwarders saw increased volumes with CH Robinson leading the top three – alongside Expeditors and K+N – with a 16.2% rise. Ceva Logistics was an outlier with a 6.1% drop, perhaps casting doubt on the early benefits of vertical integration with container-line CMA-CGM. UPS continued its downturn with a 7.6% drop in Decem...

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