Maersk’s Logistics arm tormented by destocking, ‘normalization’ trends

A.P. Moller-Maersk, parent of Maersk Air Cargo, reported first quarter earnings of $14.2 billion this present day, a year-over-year lower of 26% as logistics corporations’ outcomes continue to return off their Q3 2022 peak.  The Danish ocean shipping big’s running profit (EBIT) was $2.3 billion, down 68.5% from the $7.3 billion within the corresponding quarter of 2022. […]