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 ...
That the fourth quarter (Q4 20) was a boon for the ocean freight trade, everybody knew. If anything, less bullish headlines may come from air freight action, after a Q4 20 that could be remembered as the quarter preceding the Q1 21 booster.
Here’s why.
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Take the numbers released in April last year by Kuehne + Nagel (K+N), the major ocean freight forwarder worldwide, for the first quarter (Q1 20).
Earnings per share (EPS) came in at Sfr1.15, down 23.2% from Sfr1.50 ...
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