Ceva Logistics

Market Insight: Pre-Christmas (M&A) supper with MSC, Mærsk & Bolloré

Hustle and bustle.
Welcome to the Forward Logistics Matrix age, the most exciting era in the most exciting sector – made up of several very complex subsets – in the world, where the next move in the M&A domino game will be totally detached from the mainstream/trade headlines.
And where subtle equilibrium-damaging forces in the supply chain, as we knew it, are at play.
Rewind 
You may recall our previous “Foaming liquid lunch – ‘MSC …

The post Market Insight: Pre-Christmas (M&A) supper with MSC,...

https://theloadstar.com/market-insight-pre-christmas-ma-supper-with-msc-maersk-bollore/

On the wires: CMA CGM’s $3bn Ingram Micro CLS buy – just a fallback?

“Acquiring US-based Ingram Micro CLS will accelerate our supply chain capabilities in contract logistics and eCommerce expertise. [It is a] Key catalyst for our subsidiary Ceva Logistics’ development in high-growth eCommerce segment, especially in US, European markets. Ceva Logistics [is set] to become the fourth-largest global contract logistics provider.” – CMA CGM announced on 8 December the acquisition, via a share and asset purchase agreement, of “most of” Ingram Micro Commerce …

The post On...

https://theloadstar.com/on-the-wires-cma-cgms-3bn-ingram-micro-cls-buy-just-a-fallback/

CMA CGM inks US$3 billion acquisition deal to form fourth largest contract logistics group

CMA CGM Group will buy the majority of Ingram Micro’s Commerce & Lifecycle Services (CLS) activities, including Shipwire and the company’s technology forward logistics businesses in North America, Europe, Latin America and Asia-Pacific.

The enterprise value of the transaction, which is expected to close during the first half of 2022, is US$3 billion, according to a Share and Asset Purchase Agreement signed by both companies, while the remaining portions of the existing CLS business will be...

https://container-news.com/cma-cgm-inks-us3-billion-acquisition-deal-to-form-fourth-largest-contract-logistics-group/

Shipping lines vertically take-off as ‘integrators’ – a threat to air cargo?

Maersk is reportedly in the market for a top five forwarder as huge shipping line profits – a combined Q3 ebit of $37.24bn – are expected to disrupt the logistics industry, with air cargo taking a particular interest in the outcome.
Maersk’s well-publicised acquisition of Senator, two 777Fs and leases on three 767-300Fs, as well as its move into forwarding, could well disrupt the market.
Then, of course, there is CMA CGM’s …

The post Shipping lines vertically take-off as ‘integrators’ – a threat...

https://theloadstar.com/shipping-lines-vertically-take-off-as-integrators-a-threat-to-air-cargo/

The Log Book: CMA CGM donates 12,000 turkeys to families nationwide

The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: CMA CGM donates 12,000 turkeys, Gopuff donates $100,000 to fight food insecurity and supports rapper Quavo’s turkey drive, and SC Ports employees donate their Thanksgiving gift cards to a local food bank.

CMA CGM donates 12,000 turkeys to families nationwide

This Thanksgiving, global shipping and logistics company CMA CGM Group partnered with city food banks and The Salvation Army to...

https://www.freightwaves.com/news/the-log-book-cma-cgm-donates-12000-turkeys-to-families-nationwide

Against the odds: Of Ceva, taxes and death

As the old saying goes, in life nothing is certain except death and taxes.
Then enter Ceva Logistics.
Serious business
Having sifted through the interim results of the CMA GCM group released last Friday, we can easily wonder if its 3PL arm Ceva, for which disclosure is minimal, is perhaps still doing too much business that it wouldn’t be doing if it were focused only on profitable accounts.
That’s implied in its ebit margin …

The post Against the odds: Of Ceva, taxes and death appeared first on T...

https://theloadstar.com/against-the-odds-of-ceva-taxes-and-death/

Searoutes raises €2.4m to reduce shippers’ GHG emissions

Searoutes, the Marseilles-based start-up that helps shippers reduce the carbon footprint of their transport, has announced a €1.3 million financing round led by WSB Beteiligungs, the venture capital firm founded by Wolf Scheder.
Created in 2019 by Dr. Pierre Garreau and Carsten Bullemer, Searoutes has designed its own, proprietary eco-calculator to compute the carbon footprint of a container along its journey. Incubated and accelerated by ZEBOX, the international incubator and accelerator …

The...

https://theloadstar.com/searoutes-raises-e2-4m-to-reduce-shippers-ghg-emissions/

CMA CGM sails to top of carrier earnings list with $5.6bn Q3 profit

CMA CGM has shot to the top of the Q3 carrier earnings league table, posting a net profit of $5.6bn for the period.
And it said there would be an “even stronger” result to come for the final quarter.
The group’s consolidated revenue soared by 89%, compared with the same period of 2020, to $15.3bn, mostly driven by its liner business.
Turnover from container shipping doubled over Q3 of last year, to $12.5bn, …

The post CMA CGM sails to top of carrier earnings list with $5.6bn Q3 profit appeared...

https://theloadstar.com/cma-cgm-sails-to-top-of-carrier-earnings-list-with-5-6bn-q3-profit/

Nearly 300 layoffs announced at 2 logistics companies

QX Logistix announced it is closing four facilities in Southern California and will eliminate 207 jobs by Nov. 16.

The affected employees work at sites in Hawthorne, Rosemead, Culver City and Los Angeles, the California Economic Development Department said on Wednesday.

QX Logistix did not provide a reason for the closure. The 3PL provider is based in Vernon, California. It’s not clear how many people the company employs and how many facilities it operates.

According to its website, QX Logistix is...

https://www.freightwaves.com/news/nearly-300-layoffs-announced-at-2-logistics-companies

CMA CGM starts networking services marketplace

CMA CGM Group has announced the launch of Networking services, the first business matchmaking marketplace in the shipping and logistics industry.

In particular, the networking services marketplace provides clients with solutions to accelerate their business worldwide, extend internal growth, create new business opportunities and find the appropriate suppliers or customers, while it also saves costs and time and reduces the risks associated with business development.

In addition, the...

https://container-news.com/cma-cgm-establishes-networking-services/

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