Ceva May Sever Links With Maersk and ONE in CMA-CGM Strategy Plan — Panjiva


Ceva May Sever Links With Maersk and ONE in CMA-CGM Strategy Plan

Corp - Forwarders 157 Corp - Shipping 608 Global 722 Mergers 200 Mode - Containerized 1005 Mode - Seaborne 1273

Ceva Logistics has announced the details of its strategic plan through 2021, including closer integration with container-line CMA-CGM. A mixture of cost-cutting plans and cross-selling has led the company to target 4.5% annual revenue growth and an EBITDA margin of 5.4%. The latter compares to just 2.7% in the past 12 months. The cross-selling strategy involves Ceva and CMA-CGM gaining a larger “share of wallet” of the two liners’ key customers. That may also include CMA-CGM handling a larger proportion of Ceva’s ocean freight operations – a process that is alread...

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