European forwarders set for a bumpy ride in automotive logistics, says Ti
The shift to electric in the automotive sector is harming European forwarders and car-carriers, while ...
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“DSV results: as mentioned during our last exchange, it’s the carriers benefitting from the current rate environment, not the forwarders.”
That came today from our own Mr Y, who recently argued with Premium that in this earnings season all the “upside sits with the carriers“.
Certainly…
Despite stronger fundamentals than pre-Covid, freight forwarding isn’t very much liked by investors, as we found out yesterday with Kuehne + Nagel (K+N), its stock today benefitting from DSV weakness in early trade.
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