CMA-CGM Draws on Cost Cutting as Well as Ceva For Future Growth — Panjiva


CMA-CGM Draws on Cost Cutting as Well as Ceva For Future Growth

Corp - Shipping 608 Earnings 365 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273

CMA-CGM reported 4Q revenues that rose by 14.9% year over year as the container line’s average shipping rates improved by 6.3%. The latter was better than Hapag-Lloyd’s 3.9% rise but below the industry average 9.3%. CMA-CGM’s volumes handled also expanded, including a 9.9% increase in U.S.-inbound shipments year over year for the quarter, as a result of service innovations such as expedited deliveries. Yet, with 51.2% of its U.S.-inbound traffic accounted for by shipments from China CMA-CGM will remain exposed to the outcome of U.S.-China trade talks. The bigger challenge for the firm is...

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