The freight forwarding industry continued to feel the effects of COVID-19 in May, with U.S. containerized seaborne imports having fallen by 19.7% year over year. The downturn was principally due to a slide in consumer goods and was spread globally. Among the top 20 forwarders the worst performer was Ceva Logistics with a 45.3% drop in shipments linked to the firm according to Panjiva’s data. The firm’s controlling shareholder, CMA CGM, has reportedly allocated a third of its recent refinancing to support Ceva. Among the U.S.-based forwarders the best performer was UPS with traffic that o...