CH Robinson Beats Expeditors news by Hebei Longsheng
| CH Robinson Beats Expeditors But Runs the China Tariff Gauntlet Freight forwarders running U.S.-inbound marine services saw a 7% surge in volumes in September, largely due to a rush in deliveries to beat extended tariffs on Chinese exports. Shipments from China rose 8% and accounted for 38% of all shipments in the third quarter. The Asia-focused specialists including OEC (up 16%) did best while UPS was one of the worst performers with a 5% decline. An ongoing volume decline, with a 9% drop for the quarter, may have driven UPS’s decision to extend its services into second and third tier Chinese cities. CH Robinson markedly outperformed Expeditors in the third quarter (a 9% increase vs. an 11% decline) as a result of CH Robinson’s relative success in China. Yet, with China now accounting for 54% of CH Robinson’s shipments and 38% of Expeditors the former is more heavily leveraged to the success (or otherwise) of the Trump administration’s tariff-led trade policy. |
