Investigaciones de Panjiva

Logistics employment rises, but only one-in-four COVID-19 job losses are back

July 3, 2020

U.S. logistics employment improved by 2.0% sequentially in June, or by 92,100 jobs. Yet, that compares to 380,500 jobs lost since February as a result of the COVID-19 pandemic or 24.0%. While most sectors saw a recovery there was a continued 1.7% dip in rail employment due to the implementatio... Read more →

FedEx’s wins and loses from COVID-19; seaborne shipping downturn slows

July 1, 2020

FedEx reported fiscal Q4 revenues which fell by 2.5% year over year. That included a bifurcation between e-commerce exposed package delivery which rose by 20.2% while industrially-exposed freight fell by 17.4% due to COVID-19. Freight handling dropped by 19.2% year over year in FQ4, to May 31,... Read more →

Ready to ride the recovery wave – S&P Global Platts Container Update, June 2020

June 30, 2020

Container shipping rates surged in June with a 56.7% jump in Asia-to-U.S. West coast routes and a 23.% increase in east-coast U.S. bound rates compared to the end of May. That’s been driven by restricted capacity, recovering demand after COVID-19 and an increase in bunker fuel costs. One freig... Read more →

DSV Panalpina joins Maersk in less gloomy view, saved by Vestas, Estee Lauder

June 25, 2020

DSV-Panalpina has joined Maersk in flagging that logistics industry conditions in Q2 have “developed better than expected” while still expecting a drop in global sea freight of 15% to 20% year over year in Q2 due to COVID-19. Panjiva’s U.S. seaborne import data shows a decline of 11.7% year ov... Read more →

FedEx delay, writedown highlights COVID-19 challenges in logistics

June 24, 2020

FedEx has delayed the reporting of its fiscal fourth quarter results by a week, and announced that they will be writing down the acquisition of Kinko’s. That’s likely impacted by the lack of demand for office services during the COVID-19 shutdown. Other companies may delay their forthcoming ea... Read more →

Shell, Sempra LNG shipments deflate as Mexican demand drops

June 24, 2020

Liquefied Natural Gas (LNG) demand in Asia is proving slow to recover after COVID-19, leading to cancellations of 40 to 45 deliveries from U.S. exporters in August, a similar number to that seen in July. The sector was already struggling. While U.S. LNG exports climbed 71.0% higher in April co... Read more →

Brexit Watch: Peel Ports, DP World do better as post-Brexit services get underway

June 22, 2020

Shipping lines and ports serving the U.K. market are putting new services in place ahead of the end of current trade and customs relations with the EU. The EU has confirmed it won’t give the U.K. preferential customs conditions without a full trade deal. Peel Ports’ new services to Ireland and... Read more →

Maersk’s India operations worsen but COVID-19 gloom becomes less gloomy

June 22, 2020

Container-line Maersk has raised its revenue guidance for Q2 to include a volume drop of 15% to 18% compared to its initial view of a 20% to 25% drop. While representing post COVID-19 conditions that are not as bad as first feared it is still an historic drop. Global container traffic remains ... Read more →

Hapag-Lloyd’s arbitrary charge could boost costs for Hyundai, Syngenta in Brazil

June 18, 2020

Container-line Hapag-Lloyd has issued an “Arbitrary Charge Origin” notice for deliveries from Asia to Latin America. This increases the costs for onward transportation of containers away from ports to their final destination. It may help boost the container line’s profitability in the face of ... Read more →

COVID-19 service volatility, trade war drives problems for ports

June 16, 2020

The reopening of the U.S. economy after COVID-19 is driving trade flow disruptions that have implications for the major container ports. One example is the relative performance of the neighboring ports of Los Angeles and Long Beach. Long Beach’s volumes rose by 9.5% year over year in May while... Read more →

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