APM Terminals cuts costs as revenues decline
NewsAPM Terminals (APMT) was able to offset a 9.3% decrease in revenue per move (to US$310) in Q2 2023 by increasing tariffs and reducing costs per move by 7.6%. However, its impact on the group’s overall result is diminishing as AP Møller-Maersk (APMM) expands in Logistics and Services (see p11).