Container Lines Are Set to Smash Year-Old Profit Record by 73%
- A new estimate sees $256 billion in net income this year
- Corporate windfall comes as US, UK dockworkers seek higher pay
Container ships at the Port of Los Angeles.
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
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The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained US demand for imports.