ONE Love From Customers Still Returning As Outlook Worsens — Panjiva
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ONE Love From Customers Still Returning As Outlook Worsens

Corp - Shipping 1042 Earnings 761 Global 1392 Mode - Containerized 1535 Mode - Seaborne 1853 Theme - Rates 243

Container-line Ocean Network Express has warned that its revenues for the current fiscal year (through March 31 2019) will be 11% lower than it previously expected and it now expects to make a significant loss rather than a profit. ONE’s problems are not new and stem from “teething problems” with IT experienced at its launch in April. That’s led to it underperforming its peers with an 8% drop in China-to-U.S. volumes in the fiscal first half year (through September 30) vs. a year earlier compared to a 3% increase for all container-lines. The company insists improvements are underway t...

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