CMA CGM completes deal to take over container terminals in New York and New Jersey Move adds capacity to support the fluidity of U.S. supply chains, French logistics giant says. September 1, 2023 Supply Chain Quarterly Staff No Comments Move adds capacity to support the fluidity of U.S. supply chains, French logistics giant says.Read More
CMA CGM revenue plunged more than 30% as spot freight rates plunged in Q1 French container shipper says market is seeing a “rapid normalization” due to drop in household consumption of goods, retail inventory levels. May 26, 2023 Ben Ames No Comments French container shipper says market is seeing a “rapid normalization” due to drop in household consumption of goods, retail inventory levels.Read More
CMA CGM offers $5.5 billion for logistics arm of Bolloré Group If deal approved, would follow Bolloré’s sale of its Africa Logistics unit to MSC Group for $6.24 billion last year. April 18, 2023 No Comments If deal approved, would follow Bolloré’s sale of its Africa Logistics unit to MSC Group for $6.24 billion last year.Read More
CMA CGM expands startup accelerator unit Zebox provides funding and corporate coaching for startup firms in the supply chain tech sector. April 14, 2023 Supply Chain Quarterly Staff No Comments Zebox provides funding and corporate coaching for startup firms in the supply chain tech sector.Read More
CMA CGM seeks to expand Mediterranean service through acquisition Freight giant is in talks with food logistics company STEF Group to buy the mixed passenger and freight marine carrier La Méridionale. February 15, 2023 Supply Chain Quarterly Staff No Comments Freight giant is in talks with food logistics company STEF Group to buy the mixed passenger and freight marine carrier La Méridionale.Read More
CMA CGM to acquire New York and New Jersey terminals operated by GCT Acquisition will complete the French logistics firm’s portfolio of seven terminals in the U.S.; will support U.S. East Coast supply chain growth. December 7, 2022 Supply Chain Quarterly Staff No Comments Acquisition will complete the French logistics firm’s portfolio of seven terminals in the U.S.; will support U.S. East Coast supply chain growth.Read More
Upgraded Chesapeake Bay Express service makes first stop in Virginia Weekly CMA CGM vessel service adds to port's growing number of direct connections to Asia, port officials say. June 17, 2022 Supply Chain Quarterly Staff No Comments Weekly CMA CGM vessel service adds to port's growing number of direct connections to Asia, port officials say.Read More
CMA CGM to buy 9% stake in Air France-KLM and operate combined air freight fleet Move is latest step for French container giant to spread its wings beyond maritime container ports. May 18, 2022 Ben Ames No Comments Move is latest step for French container giant to spread its wings beyond maritime container ports.Read More
CMA CGM to pay bonus for quick return of empty containers “Early return incentive program” could alleviate pressure on U.S. exporters and expedite the flow of goods, containership giant says. May 12, 2022 Supply Chain Quarterly Staff No Comments “Early return incentive program” could alleviate pressure on U.S. exporters and expedite the flow of goods, containership giant says.Read More
CMA CGM buys last-mile delivery provider to bolster e-commerce strength Maritime container giant adds ground delivery after 2021 acquisitions of air fleet and 3PL division. January 31, 2022 Supply Chain Quarterly Staff No Comments Maritime container giant adds ground delivery after 2021 acquisitions of air fleet and 3PL division.Read More