CMA CGM plans to take up to 9 percent of Air France-KLM as the freight and transport group sets its eyes on becoming a key player in air cargo and a leader in integrated logistics. The two companies have signed a long-term partnership that will see both parties combine their networks, freighter capacity and dedicated services to improve their company offer. The agreement, with an initial duration of 10 years, will see both companies pooling their networks and cross-selling capacity of the … [Read more...] about CMA CGM to take 9 percent stake in Air France-KLM
CMA CGM
CEVA Logistics targets ecommerce with new merger
CMA CGM is strengthening its supply chain capabilities in contract logistics and e-commerce fulfilment with the planned acquisition of ‘most’ of US-based Ingram Micro’s contract logistics business (CLS). The deal includes order fulfillment platform Shipwire and its operations in North America, Europe, Latin America and Asia Pacific. The transaction, valued at US$3 billion, is expected to propel CEVA Logistics to fourth largest provider of contract logistics services, … [Read more...] about CEVA Logistics targets ecommerce with new merger
Airbus secures CMA CGM commitment for the A350F
After the initial announcement of the first ever commitment for the Airbus A350 freighter at the Dubai airshow last week, the European manufacturer has secured another commitment from leading shipping and logistics player CMA CGM Group. The two companies have signed a memorandum of understanding (MoU) for the purchase of four A350F freighter aircraft with the order subject to finalisation in the coming weeks. The aircraft will be operated by CMA CGM AIR CARGO and will bring the company’s … [Read more...] about Airbus secures CMA CGM commitment for the A350F
PLA Global Wrap: Week 19
In this week’s global wrap, we feature new routes to Munich by Turkish Cargo and CMA CGM’s new air cargo services to Dubai, Beirut and Istanbul. We also cover Volga Dnepr’s transport of Russian made vaccines, as well as Blue Dart’s newly formed consortium to test the viability of delivering medical supplies by drone to India’s remote parts. We round up with B2B and company updates from CEVA Logistics, Airbus, Pratt & Whitney and SpiceJet. Turkish Cargo opens new air freight link to … [Read more...] about PLA Global Wrap: Week 19
CMA CGM bets on air cargo with new division, A330-200Fs
CMA CGM has created a ‘specialised’ air freight division as it expands its shipping and logistics business with new products and solutions for shippers. The ocean shipping and logistics company is set to buy four 60-tonne-payload Airbus A330-200 freighters. These aircraft, which came into service between 2014 and 2016, can cover 4,000 nautical miles and will be operated by a European airline, the company said. Also read: CEVA Logistics launches new China-Europe rail freight service CMA … [Read more...] about CMA CGM bets on air cargo with new division, A330-200Fs
Maersk misjudged container-shipping demand
The chief executive of Danish shipping group Maersk Line said recently that the company misjudged the strength in demand for container shipping, which has proved far more sluggish than it expected when it ordered billions of dollars' worth of new vessels two years ago. The world's biggest container shipper is now counting on the planned P3 cargo-sharing alliance with European rivals CMA CGM and Mediterranean Shipping Co. to cut costs and reduce the number of their ships plying major routes … [Read more...] about Maersk misjudged container-shipping demand