--- title: "Shipping giant Yang Ming's financial report is strong, and the company's cargo momentum is expected to continue into Q3" type: "News" locale: "en" url: "https://longbridge.com/en/news/294152272.md" description: "DHL's revenue in the second quarter increased by 19% year-on-year to USD 15.7 billion, with net profit rising to USD 770 million. Due to geopolitical conflicts and tariffs, companies have increased inventory in advance, driving growth in freight volume, with momentum expected to continue into the third quarter. Despite facing rising costs and uncertainty in freight rates, the company offset pressure through surcharges and announced the acquisition of FedEx's logistics division to expand its global presence" datetime: "2026-07-29T04:39:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294152272.md) - [en](https://longbridge.com/en/news/294152272.md) - [zh-HK](https://longbridge.com/zh-HK/news/294152272.md) --- # Shipping giant Yang Ming's financial report is strong, and the company's cargo momentum is expected to continue into Q3 The world's third-largest container shipping company, CMA CGM, reported strong performance in its second-quarter financial results. The company has pre-stocked goods due to geopolitical conflicts and tariff impacts, and this momentum is expected to continue into the third quarter, although long-term demand and freight rate visibility remain uncertain. According to reports from Reuters, Financial Times, and other foreign media, CMA CGM announced on the 28th that its second-quarter revenue increased by 19% year-on-year to USD 15.7 billion; net profit was approximately USD 770 million, up from USD 520 million in the same period last year. Benefiting from China's export growth and strong U.S. demand, the group's cargo volume from April to June increased by 6% year-on-year, surpassing the global container market's growth rate of 4.7%. CMA CGM pointed out that despite the Middle East conflict driving up fuel and insurance costs, the company offset some of the cost pressure by charging customers additional fees; CMA CGM announced last week that it would implement an emergency fuel surcharge starting August 1. U.S. President Trump recently announced new tariffs on trade partners, prompting companies to stockpile goods, benefiting shipping operators. The uncertainty of tariff policies means that customers may continue to stock up. CMA CGM CEO Ramon Fernandez noted that companies are concerned about geopolitical conflicts and potential supply chain disruptions, leading to continued pre-stocking. This demand was clearly reflected in the second quarter, and it is expected to continue into the third quarter. However, the market remains volatile, and if inflation rises, consumer demand for goods may be impacted. Fernandez also stated that freight rates for the next 6 to 18 months remain difficult to predict due to the continuous entry of new ships into the market, but carriers can manage capacity by slowing down ship speeds, idling vessels, or scrapping old ships. With the aftermath of the U.S.-Iran conflict still unresolved, CMA CGM currently has eight vessels stranded in the Persian Gulf; the Iran-backed Houthi organization has threatened to attack commercial ships in the Red Sea and the Bab-el-Mandeb Strait, and CMA CGM will continue to assess the security situation. CMA CGM continues to expand its global logistics layout, announcing in early July the acquisition of FedEx's third-party logistics division for an enterprise value of USD 1.4 billion. (This article is authorized for reprint by MoneyDJ News; image source: CMA CGM) ### Related Stocks - [FDX.US](https://longbridge.com/en/quote/FDX.US.md) ## Related News & Research - [FedEx says FY2026 Form 10-K report available](https://longbridge.com/en/news/293947978.md) - [How FedEx Turned Tariff Turbulence Into A Double-Digit Export Growth Story](https://longbridge.com/en/news/290656776.md) - [Are tariffs the new normal?](https://longbridge.com/en/news/294375494.md) - [Ethra Invest Founder's Take On Maritime RWA](https://longbridge.com/en/news/294547716.md) - [Apple beats June-quarter targets, gets earnings boost from tariff refunds](https://longbridge.com/en/news/294418501.md)