Hapag-Lloyd Targets Cost Cuts of 20% Per Container by 2030
By David Sachs
Hapag-Lloyd outlined new targets to slash costs and emissions by 2030.
The German shipping company wants to cut costs by 20% per container, CEO Rolf Habben Jansen said Tuesday during a press conference about its strategy for rest of the decade.
Jansen said the company will use bigger ships, which bring down individual shipping container costs, and limit fuel expenses by sailing slower. He added that Hapag-Lloyd can increase productivity faster than inflation.
The firm plans to cut its carbon emissions intensity by 50% by 2030, Jansen said. Previously, the company had targeted a 30% decrease.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
April 16, 2024 06:30 ET (10:30 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
Morningstar’s Guide to Investing in Stocks
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst