A.P. Moller-Maersk raised its full-year 2026 earnings guidance, citing stronger-than-expected container demand and sustained freight rate increases. The company now expects underlying EBITDA between $8 billion and $10 billion, up from a prior forecast of $4.5 billion to $7 billion, and underlying EBIT between $2 billion and $4 billion, compared with a previous range of a $1.5 billion loss to a $1 billion profit. Free cash flow is now seen as an outflow of at least $1.5 billion, improved from at least $3 billion. The revised outlook assumes global container market growth of about 4 percent this year, at the high end of the earlier 2 percent to 4 percent forecast. Maersk attributed the upgrade to continued market strength, particularly in Asia, and a sustained rise in spot freight rates, with Drewry's World Container Index reaching $4,166 per 40-foot container, its highest since September 2024 and up more than 45 percent over the past month. The company also shifted most of its eastbound Southern California intermodal business from BNSF Railway to Union Pacific, with Union Pacific's share of those volumes crossing 50 percent in early June and reaching about 76 percent a week later.
AP Moeller - Maersk A/S BMaersk raised its 2026 EBITDA and EBIT guidance significantly due to stronger demand and higher freight rates.
Union Pacific CorporationMaersk shifted most of its eastbound Southern California intermodal business from BNSF to Union Pacific, increasing Union Pacific's share to about 76%.