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Tags: maersk | holiday freight | consumer spending

Maersk CEO Sees 'Modest' Pick-up in Holiday Freight

Maersk CEO Sees 'Modest' Pick-up in Holiday Freight
(Dreamstime)

Thursday, 29 September 2022 10:40 AM EDT

A.P. Moller-Maersk's chief executive said on Thursday he expects a "modest" pick-up in trade for the upcoming holidays this year amid concerns about the slowing economy and consumer demand.

Ocean freight volumes will be flat or lower this year, Soren Skou said in a Reuters Newsmaker interview.

U.S. consumers aren't buying as much as they did during the pandemic and confidence has been hurt by Russia's invasion of Ukraine, though there is still congestion in global supply chains, he said.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
A.P. Moller-Maersk's chief executive said on Thursday he expects a "modest" pick-up in trade for the upcoming holidays this year amid concerns about the slowing economy and consumer demand.
maersk, holiday freight, consumer spending
80
2022-40-29
Thursday, 29 September 2022 10:40 AM
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