Comment / The expanded Ceva platform hedge – finally profitable?

ID 109141183 © Poohchisa Tunsiri | Dreamstime.com

The CMA CGM Q2 23 results, out last Friday, 28 July, were of particular interest on the logistics side of things, at least to me, testifying to the use of opportunistic M&A to weather the fall from peak 2022 earnings.

Is it working, though, at bottom line level for the French group’s 3PL?

While the performance of core ocean shipping activities held up* better than expected by the bears, despite a steep fall in all key metrics, as freight rates fell, but ...