CMA-CGM Secures Ceva Majority, Closer Coordination Has Already Started — Panjiva


CMA-CGM Secures Ceva Majority, Closer Coordination Has Already Started

Corp - Forwarders 157 Corp - Shipping 610 Mode - Containerized 1007 Mode - Seaborne 1275 Theme - Alliances 86 U.S. 3310

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 past year with a 20.0% year over year surge in shipments in the three months to Feb. 28. There are already signs of closer coordination between the two firms. CMA-CGM’s share of Ceva’s shipping increased to 27.4% from 18.6% in the same period 12 months ago. There may be room for further developments in th...

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