Container-line Maersk has upgraded its guidance for 2020 EBITDA by 19.2% at the midpoint after ocean freight volumes were “slightly better than anticipated” after dipping by 3% year over year in Q3. That makes it the third major logistics firm after DSV-Panalpina and Deutsche Post to upgrade earnings recently in response to a late surge in activity late in Q3. Panjiva’s data shows U.S. seaborne imports linked to Maersk jumped by 18.5% year over year in September, outpacing the industry average after a 62.6% increase in shipments from China. It nonetheless lagged its 2M partner MSC whose ...
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