Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
By Alex Lennane
CMA CGM has announced its takeover of French automotive and industrial logistics firm Gefco.
The operator is currently 75%-owned by Russian Railways (RR), with the remaining 25% in the hands of Stellantis (formerly PSA Peugeot-Citroën Group).
The ocean shipping giant said it was “acquiring nearly 100% of Gefco”, a move that “ensures the continuity and long-term stability of its business”.
It added that the deal “will accelerate Gefco’s s transformation and strengthen its development within Ceva Logistics”.
However, details of the transaction are scant, ...
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