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AP Moller-Maersk A/S, a global trade leader, said transportation volumes showed that the U.S. market grew in the first quarter of this year.
The Copenhagen-based transportation line said Wednesday that while consumer sentiment may soon be hit by “current turmoil”, the main situation remains that the U.S. economy will avoid shrinking in 2025.
“We realize that this may change, but our data suggests that Karsten Kildahl, chief business officer in the United States, said our data suggests that from the second half of 2024, demand momentum continues broadly into the first quarter of 2025”.
Wednesday’s report coincided with the market waiting for U.S. President Donald Trump’s plan to introduce the consequences of a comprehensive tariff that has continuously boosted decades of free trade. Musk, who controls about 14% of the global container fleet and operates 60 ports, said in February that it expects global transport volumes to grow by about 4% this year.
Malsk said the threat of tariffs has driven more and more companies to accelerate imports to increase inventory this year. In February, data showed that “inventory levels in the U.S. continue to expand.”
Marsk said in Europe that Germany’s recent investment package will boost the economy and could help the country’s manufacturing industry rebound. Kildar said the plan is part of a “paradigm shift” in Europe, and Europe will invest more, including defense.
“This will provide much-needed stimulus for the eurozone and should be monitored closely,” the executive said.
Maersk will release its first quarter financial report on May 8.
This article was generated from the Automation News Agency feed without the text being modified.
