Hapag-Lloyd Prefers Profits Over Market Share, Handelsblatt Says
Hapag-Lloyd AG is trying to stay out of a price war with rivals and will forgo “additional business” if it isn’t profitable, Handelsblatt reported, citing an interview with Chief Executive Officer Michael Behrendt.
When the freight business expands again, Hapag-Lloyd will be in a good position to grow, the newspaper quoted him as saying.
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