FRENCH shipping giant’s CMA CGM Air Cargo lost money in the third quarter, the company has indicated. Revenue from port terminals and air cargo rose 5.3 per cent to US$526?million, operating profit fell 58.4 per cent to $56?million. ‘The air freight market was affected by higher capacity in the face of weak demand,’ the company said. This was blamed on the ‘normalisation’ of volumes in port terminals and in particular a decrease in revenue from storage which was linked to congestion. CMA CGM,...
https://www.seanews.com.tr/cma-cgm-air-cargo-finds-normalisation-unappetising/199018/