Cosco Q3 profit up 81% as trans-Pacific revenue jumps 61%
FreightWaves’ Stuart Chirls (9 Nov 2026) reports that Cosco Shipping Holdings’ third-quarter profit attributable to shareholders rose about 81% to roughly $2.58bn. Trans-Pacific services were the company’s biggest growth driver, with trans-Pacific revenue up 61.2% against cargo-volume growth of about 13%.
In a separate piece the same day, FreightWaves cites Xeneta saying Asia–US West Coast spot rates in October were 343% above their 28 February level, while Xeneta forecasts global spot rates could fall about 30% in 2027 as fleet growth outpaces demand.
Read the full reports at FreightWaves: Cosco profit rockets 81% as ocean freight revenue climbs in Q3 and Asia–US West Coast spot rates up 343%, says Xeneta.
Source and author: Stuart Chirls, FreightWaves. Not written by Xiongbuy.