Lower trade volume to affect Century Logistics

KUALA LUMPUR: CJ Century Logistics Holdings Bhd’s (Century Logistics) total logistics services segment (TLS), particularly freight forwarding, is expected to face challenges due to the slowdown in South Korea.

MIDF Research noted that the country’s July exports fell by 16.5% year-on-year, with South Korean clients typically contributing 30% to 35% to Century Logistics’ revenue.