Ocean Network Express reported revenue growth in calendar 3Q / fiscal 2Q that was 3.3% below the firm’s expectations due to freight rates that were “below expectations for Asia-North America” and Asia-to-Europe container shipping lanes. There’s little sign of recovery in October so far according to S&P Global Platts data. On a more positive tack though, capacity utilization rates improved including a 94% rate on Asia-to-North America lanes compared to 90% a year earlier in 3Q . The comparator is somewhat soft though – ONE’s initial integration ...