Ocean shipping powerhouse CMA CGM announced Monday it has tentatively agreed to acquire a 51% stake in French last-mile delivery company Colis Privé Group, furthering its spread into the third-party logistics and e-commerce realms as part of a strategy to be an integrated provider of supply chain services.
The third-largest container line in the world by fleet size made the deal to strengthen its large Ceva Logistics subsidiary, which it acquired in 2019. Ceva is investing heavily to increase...
https://www.freightwaves.com/news/cma-cgm-buying-large-stake-in-last-mile-delivery-company