Maersk, which moves 17% of all containers world-wide, posted better-than-expected first-quarter earnings on Wednesday as cost cuts, lower fuel outlays and higher freight rates helped offset the demand slump. With the U.S. and European countries stepping carefully toward reopening their economies, Chief Executive Soren Skou said he expects no meaningful recovery until the end of the year, and added that container volumes are expected to fall 20% to 25% in the second quarter from a year ago. Related Video You may also likeUp NextCreated with sketchtool.0:00 / 0:00 House Democrats release a $3 trillion bill to respond to the coronavirus pandemic, Uber considers a takeover of Grubhub, and many university students in California won’t be on campus in fall. WSJ’s Shelby Holliday has the latest. Photo: Spencer Platt/Getty Images “There is a massive impact on both Asia-to-Europe trades and across the Pacific with the U.S. and Europe into lockdown,” […]