Denmark’s A.P. Moller-Maersk is expanding its transport and logistics business as a way to compete directly with shipping giants UPS and FedEx. According to Reuters, Maersk sold its oil and gas business last year to France’s Total so that it can focus on taking its...
November 02, 2022
While reporting record revenue Wednesday (Nov. 2), global shipping giant Maersk nonetheless warned of “dark clouds” facing its industry. These clouds come in the form of Russia’s invasion of Ukraine, Europe’s energy crisis, continued high inflation, and the threat of a worldwide recession, Søren Skou, Maersk’s chief executive, said in a news release. “This weighs […]
February 21, 2018
Denmark’s A.P. Moller-Maersk is expanding its transport and logistics business as a way to compete directly with shipping giants UPS and FedEx. According to Reuters, Maersk sold its oil and...
