Maersk Raises 2024 Profit Projections

A.P. Moller – Maersk, or APMM, reported that its first quarter 2024 topline fell 13 percent year-over-year to US$12.4 billion, and EBIT slumped 92.4 percent to US$177 million.However, EBIT re-entered the positive territory (from an EBIT loss of US$537 million in the further quarter of 2023), achieving an EBIT profit margin of 1.4 percent, compared to a 4.6 percent loss in the further quarter 2023 and a profit improvement of ... [+]

Maersk Delivers Solid 2023 Financial Results

Danish container line giant A.P. Moller – Maersk reported solid financial results for 2023, in line with the company’s financial guidance.Though volumes were up across most products and cost controlled efforts helped improve results, rates continued to erode, particularly in ocean. The company reported EBITDA of US$9.8 billion with revenue ... [+]

Maersk signs up for proof of concept with Dexory

A.P. Moller – Maersk the integrated logistics company operating in 130 countries, has signed up for a trial with Dexory, and now has autonomous robots operating in a warehouse facility in Kettering, UK.The proof-of-concept trial deploys Dexory’s robots and integrated data platform into the Maersk facility, with room for expansion ... [+]

A.P. Moller – Maersk to operate first of its kind green warehouse in Denmark

A.P. Moller - Maersk (Maersk) announced the construction of the company’s first low GHG emissions contract logistics warehouse in Denmark realised in partnership with Taulov Dry Port, which is a Danish joint venture between ADP A/S and PFA Pension. The warehouse is part of Maersk’s strategy to accelerate the delivery ... [+]

Maersk to join SteelZero Initiative

To contribute with a clear demand signal and catalyze the transition to sustainable green steel, A.P. Moller – Maersk has decided to join Climate Group SteelZero, a global initiative which brings together leading organizations to accelerate the transition to a net zero steel industry, in partnership with Responsible Steel, the ... [+]

Maersk update on Russia

A.P. Moller – Maersk reports that the company is  closely following the ever-evolving situation with governments posing new sanctions against Russia and the regular adjustments that are being made to the list of restrictions. “Our teams are working around the clock to find solutions that safeguard our people, operations and ... [+]

A.P. Moller – Maersk to acquire Pilot Freight Services

A.P. Moller – Maersk announced in February its intention to acquire Glen Mills, PA-based Pilot Freight Services (Pilot), a first, middle and last mile as well as border crossing solutions provider that specializes in the big and bulky freight segment in North America for B2C and B2B distribution models. The ... [+]

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