Forwarders count the cost of coronavirus impact
K+N’s China business set for 20%-40% fall in teu and 10%-20% drop in air freight tonnage because of the coronanvirus outbreak. DHL expects a hit to its group earnings before interest and tax of about $67m-$78m for February, compared with initial plans, mainly due to the impact on forwarding and express businesses
Freight forwarders are preparing for impact of the coronavirus outbreak, which is expected to mean lower cargo volumes and reduced financial results for the first quarter of the year
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