Comment / Geodis – show me the cash, please!

ID 841565 © Dennis Owusu-ansah | Dreamstime.com

All eyes on the DB Schenker sale, we have been looking for signs of healthy performance from another major state-owned 3PL from Europe, France’s Geodis, in recent days*.

Its parent company SNCF, disclosed last week that its finances are in good shape…

… while its “commitments to rail, the environment and our people” are of paramount importance.

(*Indeed, the ’CMA CGM blockbuster logistics M&A’ narrative from late 2022 always in our mind…)

2023: Parental highlight 

Record investments: €10.6bn.

“Looking towards the future”, another €10bn investment plan ...