News / CMA CGM unveils billion-dollar cost-cutting plan as profits tumble

CMA CGM BENJAMIN FRANKLIN - Copyright Port of LA 2

Port of Los Angeles

04/03/2019

CMA CGM is to attempt to shave $1.2bn off its costs as it consolidates its position following acquisitions.

The French carrier announced the plan as it revealed its 2018 results, which saw record revenues of $23.48bn, up 11.2%.

This, however, translated into a pre-tax profit of $167.7m, ...

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