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/

FM Logistic’s operating income up 20%; future guidance withheld

French trucks on break

French-based third-party logistics provider FM Logistic on Wednesday reported 21% year-over-year growth in earnings before interest and taxes (EBIT) for its fiscal year ended March 31.

Operating income of 42.5 million euros (U.S. $47.8 million) was the result of only modest revenue growth of 8.7% at 1.43 billion euros (U.S. $1.61 billion). Excluding foreign exchange rates, revenue increased 8% during the year. Management said the increase came from “entirely organic” growth.

“FM Logistic again...

https://www.freightwaves.com/news/fm-logistics-operating-income-up-20-future-guidance-withheld