Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Despite “loss-making” airfreight rates offered for Hong Kong/China-US, Chinese forwarders seem optimistic that the trade ...
Container lines are enduring a “severe revenue contraction”, said Drewry, after the first six-month turnover figures reported so far by carriers were down an average of 18% on the same period of 2015.
Sales are contracting faster than carriers can cut costs, and unless there is a significant uptick of freight rates, the consultant predicts industry losses of “at least $5bn” this year and spark a further flurry of M&A activity.
Indeed, if the carrier depression continues apace, full-year revenue will plunge below that of its lowest point in ...
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