Supply Chain Research

Container line Maersk reported a 16% surge in revenues in Q4’20 which included a 3.2% rise in volumes handled and a 17.7% rise in achieved rates in its ocean freight operations. The firm has noted that the increase in rates may prove “temporary” while it has also seen a drag to profits from “bottlenecks, higher costs and difficulties in meeting our customer reliability promises”. Indeed, the additional costs for containers and network operations reached $257 million in the quarter, which compared to around $2.2 billion of EBITDA for the Ocean business. Further growth is expected to “cont...