Major logistic companies turn profits while carriers lose money
Companies such as Kuehne & Nagel, Panalpina, DB Schenker, and DHL, which control a large part of the transported containers, are not experiencing the same degree of volatility as the carriers, according to new analysis by SeaIntel.
BY OLE ANDERSEN
While the big container carriers lost around USD 20 billion in 2009 - at the peak of the financial crisis - the major logistic companies were making money. And the carriers continue to find themselves in a more volatile state, judging by container volumes and financial results, than the big logistic companies, the so-called NVOCC's, Non-Vessel Operating Common Carrier, according to a new analysis published by SeaIntel in its weekly newsletter, the Sunday Spotlight.
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