Expeditors loses out ahead, news by Hebei longsheng metals and minerals co., ltd
| Expeditors Loses to CH Robinson as China Tariff Implementation Approaches The freight forwarders operating U.S. seaborne services experienced a bumper month in July with a 6% increase in volumes making for the 17th straight month of growth. That reflects a mixture of a strong consumer economy as well as a race to beat new tariffs on Chinese exports. The latter has favored the Asia specialists with Orient Express’s volumes up 27% and Kerry’s by 18%. Yet, not all forwarders did as well. Expeditors experienced a 15% drop in volumes due to a 22% slump in shipments from China. That may reflect an aim by the forwarder's management to reverse a decline in profitability seen in 2Q 2018. Leading peer CH Robinson by contrast saw a 10% increase, which may reflect a reinvestment of prior profitability improvements as well as a higher exposure to China at 52% of its volumes vs. Expeditors’ 40%. HEBEI LONGSHENG METALS AND MINERALS CO., LTD. |
