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Maersk logistics revenue drops 8.2%

Shipper’s stock slipped nearly 15% on Q4 report

Courtney BlackannbyCourtney Blackann
February 8, 2024
in Freight Forwarders
Reading Time: 5 mins read
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Denmark-based shipping giant Maersk today reported fourth-quarter revenue of $11.7 billion, a 34% year-over-year decline.   Its logistics and other services revenue dropped 8.2% YoY to $3.5 billion.  THE BIG PICTURE: While demand remained stable throughout the year and volumes increased, freight rates remained low, contributing to overall revenue losses, Maersk leaders said in an earnings […]

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Tags: earningsMaerskMaersk Air Cargoocean freightPremium
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