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.
01 Jul 2022
French carrier CMA CGM has responded to a government call for price cuts to help inflation-hit consumers by announcing a 500 Euro cut in long-term rates for imports of essential household goods through French ports.
30 Jun 2022
French carrier CMA CGM is investing in a green gas project that aims to ramp up the production of biomethane in support of shipping decarbonization efforts and to fuel the carrier’s own vessels.
16 Jun 2022
CMA CGM Air Cargo will use its parent company’s extensive ocean forwarder network to drive new business as the airline readies for a rapid global expansion under its Air France-KLM partnership.
18 May 2022
In just 18 months, CMA CGM has gone from providing air cargo as part of its CEVA Logistics suite of services to becoming a major player in the global air freight market.
08 Apr 2022
CMA CGM has made another major acquisition, bringing Europe’s main automotive logistics service provider under the wing of CEVA Logistics.
08 Mar 2022
A digitally oriented forwarder tied to the Bolloré Group has opened a North America office to tap into burgeoning US demand as the race to attract online-oriented shippers gathers steam.
07 Mar 2022
Strong demand and port and inland logistics bottlenecks continue to tie up ships on the major trades, while carriers inject capacity to cover the disruption.
08 Feb 2022
Traxens has received a cash infusion from its existing investors, a shot in the arm that enabled the Marseilles-based container tracking provider to acquire French competitor NEXT4.
31 Jan 2022
CMA CGM has increased its e-commerce capability in Europe with an acquisition that targets end-to-end control of goods within its network.
08 Dec 2021
CMA CGM’s acquisition of most of US-based e-commerce and contract logistics specialist Ingram Micro continues the group’s targeted takeover strategy and elevates its CEVA Logistics unit to the world’s fourth-largest contract logistics provider.
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