France-based CMA CGM, a major ocean shipping and logistics company, plans to spend $1 billion beefing up its cargo airline division and establishing a base in Chicago.
The French shipping and logistics conglomerate CMA CGM said it is investing $20 billion in its U.S.-based shipping, port and supply chain capabilities, using pro-American language that might appeal to President Trump.
Marseilles, France-based CMA CGM saw shipping revenues and earnings improve on assorted geopolitical stresses in 2024.
French liner operator CMA CGM announced peak season surcharges for containers moving from Northern Europe to the United States.
Here’s what you need to know as ocean carrier alliances prepare to deploy new and reorganized container services.
CMA CGM, the French container line that has continued to transit the Red Sea despite attacks on shipping, said it will continue to route most of its affected services away from the region.
CMA CGM is adding a call in Salerno, Italy, on its service linking the Mediterranean and North America.
French carrier CMA CGM rolled out three peak season surcharges for U.S.-bound containers.
CMA CGM has announced several surcharges affecting US container services but delayed one after reports that union dockworkers and port employers would resume contract negotiations.
he third-largest ocean container carrier, CMA CGM, saw bottom-line improvement as higher rates on vessel diversions amplified a single-digit volume increase.
Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.
President Joe Biden broke his silence Tuesday on the port labor dispute by backing the striking dockworkers.
In the latest move to strengthen the largest U.S. container gateway, a key Port of Los Angeles terminal will receive $52 million to upgrade its on-dock rail capacity.
The airline subsidiaries of ocean lines CMA CGM and Maersk are offering service from China to Northern Europe and the U.S., respectively.
CMA CGM Air Cargo, with roots in the container shipping industry, plans to add 11 large freighters from Boeing and Airbus within three years. The first additions will enable the start of an Asia-U.S. service this summer.
Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
New Alphaliner data highlights the enormity of new container shipping capacity that’s poised for delivery.
The top 10 liner operators hiked aggregate capacity by 13% in 2000-22 and continue to control 85% of the global fleet.
Ocean carrier CMA CGM’s new cargo airline made the unusual decision to stop serving U.S. customers and lease planes to other carriers for a short period.
