Thursday, June 20, 2024

Evolution in the commercial cooperation between Air France-KLM and CMA CGM

In May 2022, Air France-KLM and CMA CGM announced their intention to enter into a cargo commercial cooperation, which became effective in April 2023. The tight regulatory environment in certain important markets has prevented the cooperation from working in an optimal way. As a consequence, Air France-KLM and CMA CGM today announce their decision to […]

CMA CGM Group orders two Boeing 777 freighters

Boeing and CMA CGM Group, a world leader in shipping and logistics, today announced the purchase of two new Boeing 777 Freighters to grow the Group’s air freight division operations. CMA CGM Group launched its dedicated air freight division, CMA CGM AIR CARGO, in February 2021, commencing commercial operations in March with its first flight […]

CMA CGM AIR CARGO adds new destinations

The CMA CGM Group is accelerating the development of CMA CGM AIR CARGO, its airfreight division, by adding three new destinations: Dubai, Beirut and Istanbul. They will complement its existing Airbus A330-200F-operated services to and from Liège, Chicago, New York and Atlanta. Two months after its first airfreight services were launched, CMA CGM AIR CARGO […]

Prime Minister opens CEVA Logistics’ headquarters

CEVA Logistics’ global headquarters in Marseille was officially opened by the French Prime Minister in the presence of government officials and senior company executives. Prime Minister Edouard Philippe and the president of Region Sud, Renaud Muselier joined CEVA CEO Nicolas Sartini and Rodolphe Saade, chairman and CEO of CMA CGM. A guided tour of the […]

CEVA Logistics rejects takeover bid by CMA CGM

CEVA Logistics enters Leaders Quadrant in Gartner 2021 Magic Quadrant

The board of directors at CEVA Logistics has rejected at takeover bid from CMA CGM, saying the offer of CHF 30 per share is too low. The French shipping group announced a public tender offer for all publicly held registered share of CEVA Logistics with a nominal value of CHF 0.1 each on 26 November […]

Cow bell greets CEVA’s first day of stock exchange trading

CEVA Logistics enters Leaders Quadrant in Gartner 2021 Magic Quadrant

CEVA Logistics, one of the world’s leading supply chain management companies, has marked the first day of trading for its shares on the SIX Swiss Exchange in Zurich with the traditional ringing of a cow bell to launch the day’s business. CEVA CEO, Xavier Urbain was joined by executives from SIX and other members of […]

CMA CGM acquires CEVA stake to boost logistics reach

Worldwide leading shipping company CMA CGM has reached an agreement to acquire an equity stake of nearly 25 per cent of CEVA Logistics, a global leading player in the logistics sector. CMA CGM has committed to subscribe for mandatory convertible securities of CEVA in an estimated amount between CHF 380 and CHF 450 million. These […]