Mega profits fan criticism of container lines' favorable competition rules
Container carriers lament their poor service and explain their mega rates by referring to the demand prompted by the Covid-19 pandemic. However, the chairman of analyst firm MDS Transmodal says this explanation doesn't necessarily hold water.
You could say that container lines currently find themselves in an unusually favorable situation, where they are both able to demand record-high rates of customers and book historically large profits, while at the same time they lament the fact that the market situation brought about by Covid-19 doesn't enable them to provide good service.
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