ONE’s July–September results look impressive.
Revenue surged.
But cargo growth was modest.
COSCO and OOCL also reported strong results.
Yet their volume growth was very different.
ONE has now raised its full-year profit forecast.
That sounds reassuring.
But a closer look raises a bigger question.
For carriers and BCOs, this matters for 2027 rates and contracts.
So how much of Q3’s strength can really last?
Here are 5️⃣ signals that matter:
1️⃣ Pricing Did Most of the Work
Q3 revenue reached $6.27bn (+40.8% YoY).
Containers carried rose just 2.2% to 3.40m TEU.
Avg. freight rates jumped 36.5% to $1,709/TEU.
💡 Higher rates, not more boxes, drove the revenue surge.