US Customs chaos means ‘more downside risk than upside potential’ for air cargo
Air cargo growth rate forecasts have been slashed, owing to the weaker economic outlook and the impact of tariffs and de minimis ban.
Air cargo growth rate forecasts have been slashed, owing to the weaker economic outlook and the impact of tariffs and de minimis ban.
Kuehne and Nagel (K+N) has seen an up-turn in its business. The company’s first quarter 2025 results published last week saw both higher sales and higher profits.
Where overall revenue was down 0.1% y-o-y to $6,027m in Q1, US rail freight giant Union Pacific’s operating income decreased by $1m y-o-y to $2,371m.
Operating income margin was down 2.3 percentage points y-o-y at US and Canadian trucking giant TFI International in the first quarter of 2025.
US trucking giant Knight Swift reported an improvement in operating profit of over 224% y-o-y to $66.66m on revenues that grew 0.1% to $1.824bn in Q1 2025.
US trucking and contract logistics giant Ryder Systems reported GAAP earnings before tax (EBT) growth of 17.5% y-o-y to $134m on revenues that improved 1.1% to $3,131m.
“While global trade remains integral to the logistics ecosystem, U.S. logistics real estate demand is fundamentally anchored in domestic consumption” is the conclusion of a piece of analysis that has just been published by the logistics property provider, Prologis. If true, it is an important insight for judging the prospects of the logistics sector both in the US and elsewhere.
Switzerland based, global logistics company Kuehne + Nagel’s EBIT margin fell by 0.48 basis points y-o-y to 6.35% in the first quarter of 2025 as EBIT grew 6.9% to CHF 402m on revenues that grew 14.9% to CHF 6,330m. As such, CEO Stefan Paul’s comment that profitability improved was not exactly correct.
In the final weeks before US de minimis exemption for parcels from China ends, UPS and FedEx have implemented an extra charge for this traffic.
In a “service update” on its US website, DHL Group said that it would “temporarily suspend the collection and shipping of business-to-consumer (B2C) shipments to private individuals in the United States where the declared customs value exceeds USD 800”.
The consumer packaged goods industry (CPG) are items used daily by consumers that require routine replacement or replenishment. In this brief the Ti data focuses on non-food and drink, so the component sub-sectors beauty and personal care, home & laundry care, tissues & hygiene. We have covered the food & beverages sector, which CPG is …
Productivity improvements at US trucking giant JB Hunt have offset the overall falls in profit and revenue brought about by the macroeconomic environment in which it and its competitors face.