According to a Freight Waves report, Ocean Network Express’ announcement that its quarterly profit “significantly increased” could be the understatement of understatements.
- ONE’s third-quarter after-tax profit skyrocketed by something along the lines of 18,800% — from $5 million in 2019 to $944 million in 2020.
- ONE’s fiscal year runs from April 1 to March 31. The Singapore-headquartered ocean carrier, which launched service in April 2018, has been steadily gaining steam, turning the ship...