Low freight rates dampen revenues of Logwin Air + Ocean
In the first quarter of 2016, the Logwin group achieved revenues of EUR 245.9 million, down 10.4 percent on the prior-year figure of EUR 274.4 million. The quarterly revenues of the business segment Air + Ocean amounted to EUR 151 million and were especially due to the very low freight rates EUR 21.2 million below the…