Ocean freight rates, which were the largest inflationary pressure on products, have dropped sharply back to pre-pandemic levels.
But Toft said, "We are close to a normalization of the of the markets." Though he added, "There could also be a spike up and a spike down depending on what happens with with demand." "MSC has spent decades building lasting relationships with a long list of satisfied customers," said Alan Baer, CEO of OL USA. "The current strategy appears to be one wherein MSC will defend their customer base through an aggressive pricing and capacity position. Losing and regaining a customer can-be a costly and drawn out process.", called 2M, in 2025. Maersk is investing its profits into land-based transportation and warehouse expansions.
MSC’s port operating subsidiary, Terminal Investment , is expanding its American East Coast port portfolio, opening new container terminals in New Orleans and the Port of Baltimore.