It was a modest second quarter result, but Maersk Line continues to improve its profitability by improving reliability and resisting any temptation to chase market share.
The largest domestic truckload and less-than-truckload (LTL) carriers reported double-digit percentage revenue gains in 2018 thanks to strong US economic growth and the tightest trucking market on record.
Yang Ming improved its revenue and volume in the first half of the year, but the Taiwanese carrier raised concerns over growing capacity and weaker demand.
Ro-ro volumes from Mexico handled by US East Coast ports are on the rise as shippers are turning increasingly to waterborne options at the expense of truck and rail.
There was little to celebrate at Europe’s main air cargo gateways in the first half of the year amid weak freight handling volumes that show no signs of improving.