DSV Panalpina rings the warning bell for forwarders as coronavirus disruptions spread — Panjiva
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DSV Panalpina rings the warning bell for forwarders as coronavirus disruptions spread

China 3053 Coronavirus 511 Corp - Forwarders 347 European Union 882 Mode - Containerized 1525 Mode - Seaborne 1846 U.S. 5404

The freight forwarding industry faces several challenges as coronavirus spreads. While activity is returning to normal in China according to UPS, there are logistical issues – such as out-of-position empty containers – and regulatory restrictions such as U.S. and EU travel bans. FedEx and DSV Panalpina has withdrawn their earnings guidance for this year, with DSV stating that “the impact on supply, demand and transport and logistics capacity is global”. U.S. seaborne imports from China fell by 21.0% year over year in February, while those from the EU slipped 0....

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