Liner operators’ operating margins for 1Q 2024 have reached the highest since 2010, excluding the period during the Covid-induced boom, according to Alphaliner’s report.
Average operating margins for the container industry surged back into the black as capacity shortages created by the Red Sea diversions pushed freight rates up by an average of 27% versus 4Q 2023.
The aggregate margin for the nine largest operators reached 11.4%, a significant turnaround from the negative 3.8% recorded in 4Q 2023...
https://container-news.com/box-lines-first-quarter-margins-the-best-since-2010-bar-covid-boom/