Ceva Logistics pulls out of race with GXO to acquire Wincanton
Ceva Logistics has formally given up on its plan to acquire the UK’s Wincanton. The CMA ...
It’s pure-play contract logistics operator-corner!
A quick snapshot on two of the smaller PPCLOs – FM Logistic and Wincanton – which yesterday issued new financial updates showing solid revenue growth offset by rising costs.
First up, France’s FM Logistic, which released its 2021 annual report that showed a 10.1% growth in revenues to €1.5bn, while EBIT, which came under “severe pressure”, declined 13.7% to €31.5m.
CEO Jean-Christophe Machet explained: “Our EBIT for the year fell short of target.
“The two main reasons are the ...
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
Could the Dali have suffered a power loss before bridge crash?
Strike paralysing Finnish ports extended after talks collapse
DB Schenker makes 'positive contribution' to DB – but it's an odd fit
Niche players continue to risk Red Sea transits with new services – at a price
Indian Customs to auction uncleared export boxes at Nhava Sheva
Maersk reacts to calmer market and restores standalone transpacific loop
MSC and FedEx face $11m fine for 'unfair charges' to shipper
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article