Why China's port giants are sitting out the big M&A cycle
Avoiding the post-mortem
It’s busy days in Marseille.
All sorts of rumours concerning how CMA CGM managed a challenging Q3 23 have circulated, with most of them, as you may know, focusing on its 3PL arm, Ceva Logistics, and staff optimisation across various tiers of seniority.
Chief-in-command Rodolphe Saadé is understood to be “very cost-conscious” and also “fully aware” that the interims* already “show the full extent of a downturn” that is here to stay, Premium sources whisper.
(*For that matter, last year’s Q3 22 headline is, of ...
For uninterrupted access, sign in, subscribe or upgrade to The Daily News. For as little as £12 / month (£100/year), we can get you into the room where the big decisions are made.
For uninterrupted access, sign in or sign up to The Daily News, Premium or The Loadstar Enterprise Plan.
Comment on this article