28.09.2022
Artikel Nummer: 42309
Geodis sees clouds on the horizon
Geodis, the forwarding branch of the French state-owned railway SNCF, is witnessing a decline in Asia-Europe trade.
While H1/2022 ended well with an operating profit surging by 53% and revenues going up by 34% compared to the same period last year, Q2/2022 results already showed a decline in ocean and air freight volumes in Asia-Europe trade, CEO Marie-Christine Lombard said.
The decline started well before the seasonal slowdown in ocean traffic caused by the Chinese Golden week, Lombard added. Altogether, Geodis expects volumes to decrease in 2023. Even e-commerce is not growing according to expectations. (sh)