Vehicle shipping line Wallenius Wilhelmsen reported Q4 revenues that fell by 8.3% year over year. A decline in auto sales globally combined with a “commercial prioritization of volumes” – namely not chasing market share – may have dragged on volumes. U.S. seaborne imports of cars and machinery handled by the firm fell by 18.4% year over year in January after a 16.4% slide in Q4, suggesting the challenges have continued. The direct impact of COVID-19 disruptions should be minimal. Only 4.8% of U.S. inbound shipments handled by the firm came from China. There may, however, be a knock on ef...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.