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Expeditors, DP-DHL see higher-for-longer rates as Europe exposure leads

China 2894 Corp - Forwarders 324 European Union 772 Mode - Containerized 1424 Mode - Seaborne 1760 U.S. 5193

Freight forwarders operating U.S. seaborne, inbound services continue to face challenging operating conditions with Expeditors’ CEO, Jeffrey Musser, noting “every one of our transactions seems to require significantly more attention and dedication”. The firm expects shipping rates to remain “unsettled at least the duration of 2021”. Similarly DP-DHL’s CFO, Melanie Kreis has noted “levels will stay high for the rest of the year. U.S. imports continued to expand in July with growth of 14.3% year over year, led by shipments from Europe as imports from China expanded by just 3.4%. The Europe...

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