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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

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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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