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Declining sea freight could impact logistics firms in April

April could see the declining volumes within sea freight manifesting and impacting logistics companies in earnest, Jefferies projects. The investment bank sees a drop in volumes of up to 30 percent, which is considerably more than in the full first quarter.

Photo: Rajanish Kakade/AP/Ritzau Scanpix

Transported volumes at sea could drop by 20-30 percent in April, investment bank Jefferies predicts in a new analysis.

This is a good deal more than the drop the bank estimates to have taken place in the first quarter of the year, which is also the period when the coronavirus spread across the globe in earnest.

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