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Canada’s leading perishables forwarder is building a second leg to stand on – its core business has not been stellar lately.
“2019 has not been a good year in general for perishables forwarders. Everybody is down,” said Brendan Harnett, chairman and chief executive of Flying Fresh Air Freight, the Vancouver-based company that topped Canada’s perishables forwarder rankings last year.
The perishables sector has been strong in recent years, prompting the likes of Kuehne + Nagel and Panalpina to take over a number of regional specialists to build up a ...
Comment on this article
A.Kout
July 29, 2019 at 3:05 pminteresting article.
we dont share the comments of the flying fresh owner in terms of AP-Asia Pacific
and the perishable volume availablle freight by air+ocean .This is still a growing market(inside AP)
The perishable freight forwarders and owners we know in person do have a very strong 2019 and are still anticipating +5 % growth of 2018 figures.Maybe its
why they are market leaders this(AP) is a very stable market for them.
If the Canadian/Northern American perishable market is facing this explained
market environment than based on this information the recent KN buy of
WWP shouldn´t be a too expensive acquistion,logically more on the lower end
and proably a guess of us a bargain buy.
Additionally as Perishables counts 1/3 of the total airfreight volume of
KN as by Mr.Trefzger indicted,this explained market environment in US/CDC export wise should have an heavy impact on KN perishable volumes flown in total 2019.
kind regards
A.Kout
Team Akclimited
PS:
We are working with ,in commoditites now +10 years and we have never ever
had any acitivities on this geographically speaking on US/CDN more Latin/SouthAmerica where you can still find growth as well as our main focus lies
mainly on AP and here within Asia Pacific.