Shipping giant AP Moeller-Maersk reported a sharp drop in first-quarter profits due to continued attacks on freighters in and near the Red Sea by Yemen’s Houthi militants in support of terror group Hamas in its war with Israel.
Tag: SHIPPING
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UNION PACIFIC PROFIT DROPS AS SHIPPING VOLUMES DECLINE
Union Pacific Railroad reported third-quarter revenue of $5.94 billion, 10 percent less than the same period in 2022, and a 19-percent reduction in profits, which fell to $1.5 billion.