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CMA CGM has acquired four Airbus freighters and created a new Air Cargo division to provide “customers with a complementary range of services covering both shipping and logistics” on lanes into and out of the EU. That adds to Ceva, its freight forwarding operator, which has seen... Read more →
Maersk will restructure its freight forwarding operations as part of its long-term integration strategy and will terminate the carrier-neutral (NVOCC) operations of Damco by the end of 2020. U.S. seaborne imports linked to Damco fell by 11.4% year over year in the three months to Aug. 31 wh... Read more →
Ceva Logistics has launched the “myCeva” end-to-end booking platform with full global / multimodal capabilities due by fall 2020. While encouraging, the use of such platforms has become a minimum requirement for competing against Flexport and others, while traditional competitor... Read more →
Container-line CMA-CGM has followed many of its peers in reporting a drop in volumes handled in Q1’20. The firm expects the decline of 4.6% in Q1 to become a “decline (of) about 10% over the first half of the year”. The start of Q2 has certainly been more challenging than ... Read more →
Ventilator maker Drägerwerk has raised concerns about the supplies of ventilators to the U.S. – seaborne imports in the first three weeks of March have collapsed. Ceva’s declaration of force majeure could cast widespread doubts across supply chains. Also: Konecranes can’t lift s... Read more →
Freight forwarder Ceva Logistics has declared force majeure and asserts it is “temporarily relieved” of its contractual obligations and may “modify all or part of its services”. If repeated across the industry – as DP-DHL’s forwarding business has done ... Read more →
The new decade started with a reduction in global trade uncertainty after the U.S. and Chinese governments signed the so-called phase 1 trade deal. The purchase commitments may prove difficult to deliver however, particularly in manufactured products and services. The deal can be taken as a... Read more →
The freight forwarding sector had a tough end to 2019 after U.S. seaborne imports fell by 7.1% year over year in 4Q. Among the majors only DB Schenker and DP-DHL saw growth with expansions of 8.7% and 1.8% respectively due to their reliance on European rather than Asian shipments. The big t... Read more →
Container-line CMA-CGM has acquired 89.5% of the shares in Ceva Logistics. That allows it to continue with the process of closer operations – but not a complete merger – with the freight forwarder. Ceva Logistics has aggressively built up its market share on U.S.-inbound routes over the pas... Read more →
Freight forwarders operating U.S.-inbound services saw improved volumes in January after a 5.1% year over year rise in shipments. Yet, the difference in performance between Asia-centric and European-centric operators was stark. Forwarders with a higher proportion of shipments from China saw... Read more →
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