Maersk posts Q4 pre-tax loss, will cut 1,000 jobs

Maersk saw pre-tax earnings fall to a loss in the fourth quarter as downward pressure on freight rates offset strong volume growth. The world’s second-biggest container carrier on Thursday said  earnings before interest and taxes (EBIT) fell to a loss of $153 million as weaker rates offset “strong” container volume growth of 8%, down from $567 million in the previous quarter and $1.6 billion in the fourth quarter of 2024. Revenue totaled $13.33 billion from $14.59 billion a year ago. For the year, ocean ...