Hapag-Lloyd profit jumps as stronger freight rates drive guidance upgrade

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Hapag-Lloyd reported a sharp rise in third-quarter profit and raised its full-year earnings outlook as freight rates strengthened. Shipping volumes were broadly flat.

Hapag-Lloyd reported third-quarter profit surged and lifted its full-year earnings forecast as freight rates strengthened despite broadly flat shipping volumes. The post Hapag-Lloyd profit jumps as stronger freight rates drive guidance upgrade appeared first on FreightWaves.