According to Bloomberg, the world's largest container lines will increase their combined revenue to $256 billion in 2022. That's a 73% increase over last year. And it was a record year.
Two years of economic turmoil have transformed an industry that affects about 80% of the world's trade in goods from a loss-making industry to a "surprisingly" successful one. Logistics chains are recovering, and the impending recession has so far failed to hit demand hard.
What's more, shipments to U.S. ports hit a record high in May and barely dropped in June. However, many companies warn that geopolitical conflicts and crisis risks could "steal" some revenues.