Shipping lines' move to become integrators 'a compliment' to air freight
Rather than posing a threat, shipping lines are paying air freight “a wonderful compliment” by ...
CMA CGM has appointed Rodolphe Saadé as chief executive, replacing his father, Jacques, who will stay on as chairman.
Rodolphe Saadé joined the company founded by his father in 1994, having previously set up a company selling water coolers in Middle East. Initial placements included New York and Hong Kong, before returning to the head office in Marseille in 1997 to head up a line linking northern China with Japan.
In 2009 he took responsibility for financial restructuring during the uncertainty that proceeded the financial crisis, and last June he spearheaded the purchase of Singapore-based Neptune Orient Lines, in a reported $3.3bn deal.
Mr Saadé senior said his son had proven himself over the years.
“I know that, with Rodolphe as chief executive, with Farid Salem and Tanya Saadé Zeenny, our executive officers, and all our teams around the world, the group will continue its development with the same commitment and passion,” he added.
Maersk buys Martin Bencher Group and launches global project logistics unit
Dock strike at Felixstowe 'inevitable', after last-ditch pay talks break down
Shipping lines' move to become integrators 'a compliment' to air freight
New talks at ACAS a last-ditch bid to prevent disruptive strike at Felixstowe port
Despite a blip, North Europe container spot rates are still heading south
Rant radar: Here's the 'go to hell' message to forwarders
Air cargo industry faces 'huge number of challenges', says TIACA's Hughes
China trade surplus under threat as peak season collapses and demand cools
Port congestion driving more shippers to China-Europe rail and road options
Hapag-Lloyd begins roll-out of trackers for its 1.6m containers this month
Air cargo industry still eyeing a peak season, despite losing in-cabin capacity
China's extended military drills and invasion threat dampens Taiwan trade
Comment on this article