CMA CGM is reinvesting the bulk of its earnings in acquisitions and decarbonization as the carrier’s profitability continues to grow, even as its CEO warned that the downturn in container shipping has begun.
04 Oct 2021
SEKO’s takeover of Bansard is the latest in a string of high-profile acquisitions across the fragmented global logistics industry, where scalability offers a key competitive advantage.
29 Sep 2021
The two widebody freighters ordered by CMA CGM Air Cargo will expand its direct access to air freight space, most likely in the tightly constrained trade lanes out of Asia.
20 Sep 2021
CMA CGM has raced to patch a leak in its customer information data, the second data breach the carrier has had to deal with in a year.
27 Aug 2021
Carriers expect another increase in profit in the second half of the year as a lack of available vessel capacity and port and landside congestion, particularly in North America and Asia, continues to push rates up.
30 Jul 2021
Paris-based forwarder Geodis has joined its peers in posting a highly profitable first half result, despite reporting “extreme tension” in air and ocean markets.
12 May 2021
European digital freight broker sennder has continued its acquisition activity by buying a Dutch dedicated fleet broker to add to its growing network.
12 Mar 2021
The world’s third-largest container carrier has reported a huge turnaround from the losses of 2019, driven by higher rates and strong demand in the second half of last year.
25 Feb 2021
The head of CMA CGM said given the historically low rates prior to the pandemic, container shipping had to increase overall price levels going forward, but dismal service levels also have to improve.
23 Feb 2021
CMA CGM Air Cargo’s two Airbus freighters will take to the skies in March, adding capacity to a severely constrained trans-Atlantic market.
23 Feb 2021
A Danish project to produce carbon-neutral ammonia fuel at scale has been backed by market leaders in the shipping and agriculture sectors.