Why China's port giants are sitting out the big M&A cycle
Avoiding the post-mortem
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Dreamstime.com
3.8%: almost unbearable.
And sticking.
The worst Q2 23 Ebit margin performance in forwarding, in its various forms by product mix, amongst the majors.
That is the current underlying operating income profitability of CH Robinson Global Forwarding (CHRW GF), excluding the group’s core North American Surface Transportation (NAST) business.
But if we also throw in NAST, it’s still a depressing 3.8% Ebit margin at group level for the second quarter (Q2 22: 6.6%). And slightly higher than that for the first half of the ...
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