EU Update 2024: Crises lead to growth
April 9, 2024
In light of the current political and economic developments, the mood in the European transport and logistics branch remains somewhat subdued. However, the crises have taught the logistics industry the importance of resilient supply chains—and thus the need for diversification of logistics services.
Members of the OCEAN Alliance extend agreement from 2027 through 2032
February 29, 2024
Global container liner members of the OCEAN Alliance recently announced they have signed documents to extend their agreement for five years, running through March 21, 2032. The OCEAN Alliance, which is comprised of CMA CGM, COSCO SHIPPING, Orient Overseas Container Line (OOCL), and Evergreen, was established in April 2017.
CMA CGM Group is set to acquire most of Ingram Micro’s CLS contract logistics business
December 10, 2021
Deal valued at $3 billion touted as accelerating the group's supply chain capabilities in contract logistics and e-commerce expertise.
CMA CGM reaffirms commitment to acquiring CEVA Logistics
February 13, 2019
Marseille, France-based global container shipping company CMA CGM remains intent on acquiring CEVA Logistics, a global third-party logistics (3PL) services provider based in Hoofddorp, the Netherlands for $1.65 billion, according to various reports and filings.
CMA CGM heralds planned deal to acquire 25% of CEVA Logistics
April 25, 2018
CMA GGM said that the objective of this deal is to “grow its presence in the logistics sector, which is closely related to shipping.” And it added that the closing of this deal is subject to the completion of CEVA’s planned IPO on the SIX Swiss Exchange, which was announced on April 20, in addition to approval from regulatory authorities.
