CMA CGM to acquire British grocery logistics firm Wincanton for $700 million Deal opens UK market segments to French shipping giant January 22, 2024 DC Velocity Staff No Comments Deal opens UK market segments to French shipping giantRead More
CMA CGM helps found non-profit AI lab with more than $100 million in funding Container shipping and logistics power and its partners Iliad S.A. and Schmidt Futures say “Kyutai” lab will democratize artificial intelligence November 17, 2023 DC Velocity Staff No Comments Container shipping and logistics power and its partners Iliad S.A. and Schmidt Futures say “Kyutai” lab will democratize artificial intelligenceRead More
CMA CGM announces $600 million plan to upgrade NJ and NY ports Investment will increase facilities’ combined capacity by up to 80%, French company says October 12, 2023 DC Velocity Staff No Comments Investment will increase facilities’ combined capacity by up to 80%, French company saysRead More
CMA CGM backs joint venture building electric vans for European logistics Shipping giant joins Renault and Volvo in $720 million push to start producing new light commercial vehicle class by 2026 October 6, 2023 DC Velocity Staff No Comments Shipping giant joins Renault and Volvo in $720 million push to start producing new light commercial vehicle class by 2026Read More
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 DC Velocity Staff No Comments Move adds capacity to support the fluidity of U.S. supply chains, French logistics giant saysRead 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 DC Velocity Staff 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 DC Velocity 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 DC Velocity 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 DC Velocity 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