Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
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Swiss transport behemoth Kuehne + Nagel is often named by sources concerned with counter-party risk – and the damage it could bring. Which, after the impact of problematic clients on the financials of XPO Logistics and CEVA Logistics in Q3, is no trivial matter.
XPO stays bullish, despite a $15m hit from a client bankruptcy, which forced it to opt for a more conservative guidance for key financial metrics, that so far have determined its success on the stock exchange. Meanwhile, CEVA just had ...
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