March 2024
CMA CGM on Feb. 29 said the French shipping and logistics company has completed the purchase of The Bolloré Group for 4.85 billion euros, based on estimated debt and cash on the completion date.Bolloré Logistics, the transport and logistics business unit of Bolloré Transport & Logistics, reported 2022 turnover of 7.1 billion euros, 710,000 20-foot equivalent units of containers and 390,000 tons of air freight.“We are proud to welcome a ...
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French-based CMA CGM Group said 2023 was a year of transition and normalization in the transport and logistics industry, and the company is positioning itself to weather an “uncertain 2024.”After “extraordinary years” in 2021 and 2022, CMA CGM said 2023 was marked by major inventory reductions as supply chains readjusted, ...
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Danish container line giant A.P. Moller – Maersk reported solid financial results for 2023, in line with the company’s financial guidance.Though volumes were up across most products and cost controlled efforts helped improve results, rates continued to erode, particularly in ocean. The company reported EBITDA of US$9.8 billion with revenue ...
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