The Australian Competition & Consumer Commission (ACCC) has expressed competition concerns as the container stevedoring industry operating profit margin continues to rise.
Previously, the ACCC claimed the increasing profit margins has ended benefits to cargo owners and to Australian consumers and with its latest Container Stevedoring Monitoring Report revealing an increase of 25% in 2022-2023 the organisation is considering what further analysis it can undertake on the stevedores’ profit margins.
The stevedores recorded historically low profit margins before the COVID-19 pandemic, with a low of 6% in 2018-2019, but this has steadily increased.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.