DHL rockets – but time ‘for Global Forwarding to catch up with DSV’
…and Schenker dilution might just help
Sinotrans, China’s most prominent logistics services provider quietly reported its third quarter (Q3 ’20) update this week, which almost passed unnoticed everywhere.
What nobody has missed though, are stories like these: “As Covid persists and US election nears, China growth lifts Asia“.
Behemoth
Fighting at the top of the league tables (as gauged by global freight forwarding revenues; click to expand) sourced from Transport Intelligence…
… it is in a sweet spot among the majors, boasting meaningful market share in a highly fragmented market, ...
Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
New senior management for DSV as it readies for DB Schenker takeover
Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Asian exporters scramble for ships and boxes to beat 90-day tariff pause
Temporary tariff relief brings on early transpacific peak season
'Tariff madness' will prompt renegotiation of ocean shipping contracts
Response to tariffs by Chinese importers may see extra costs for US shippers
Forwarders 'allowing the fox into the chicken run' by supporting 'hungry' carriers
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