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SF Holding will purchase a 51.5% stake in Kerry Logistics in a deal designed to allow the China-focused package firm to gain an international footprint. The deal may spark a new round of M&A in the airfreight and logistics sector after dealmaking in 2020 fell to 178 transactions from 2... Read more →
The month of November was one of stasis in terms of the U.S.-China trade war, leading our readers to look at the impact of events so far. The most read Panjiva research reports last month looked at the impact of the trade war and development of competition in the freight forwarding industry... Read more →
Following their merger, the combined DSV-Panalpina’s growth strategy will focus in part on Trans-Pacific trade lanes, according to CEO Jens Bjorn Andersen. The firm has already started offsetting reduced flows on China-to-U.S. routes, which fell 6.2% year over year in 3Q, with a 24.9%... Read more →
Trade Commissioner Malmstrom has suggested a zero rating of autos tariffs to help settle a trade spat with America. Freight forwarder Kerry’s profits have surged at the cost of lower margins. ZIM Shipping’s upgraded a service to take advantage of increased demand. Also: CMA-CGM has joined t... Read more →
Freight forwarder Kerry Logistics followed the sector in reporting lower profitability in the first half of 2018 with operating margins that fell to 7.0% from 7.4% a year earlier. Yet, total profits climbed by 22% which the management of the firm attributed to higher Transpacific volumes ah... Read more →
Freight forwarders operating U.S.-inbound, seaborne routes had a tough end to the first quarter, with volumes down 4% for the top 10 companies in March. Yet, that mostly reflected the timing of the lunar new year, with overall volumes in the first quarter having improved by 7%.
Despi... Read more →
Freight forwarder Kerry Logistics reported 2017 revenues that climbed 28% on a year earlier, which was 7% points better than analysts expected. The improvement included a 78% surge in Americas volumes. While volume expansion on shipments into the U.S. by Kerry’s Apex subsidiary rose j... Read more →
Hapag-Lloyd’s outlook for the coming two years is upbeat on the basis of demand and new capacity, yet container-rates are falling. Kerry Logistics’ profitability also shows competition risks for the forwarders. More details on the KORUS deal shown an opportunity for U.S. drugmakers. Also: t... Read more →
NVOCCs operating on U.S.-inbound lanes saw a fourth straight month of growth in June, with a 3% rise in volumes on a year earlier despite a 3% drop vs. May. Expeditors may be staging a fightback – it was only one of three top 10 NVOCCs that increased volumes on a month earlier. DSV sa... Read more →
Panalpina CEO Stefan Karlen has flagged “lower results for the first half of the year”, which compares to analysts’ forecasts of a 16% growth rate. He cites market challenges despite expanding volumes. This wouldn’t be the first disappointment vs. the market – first quarter revenues were 5%... Read more →
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