Freight Management News

France's CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping.The acquisition of the logistics division of French conglomerate Bollore, announced last year, closed on Thursday at a final price of 4.85 billion euros ($5.25 billion) after debt and cash adjustments.The deal will extend the reach of CMA CGM's CEVA Logistics unit into areas such as freight management for pharmaceutical, cosmetics and luxury firms.CMA CGM, based in Marseille and privately controlled

Veson Nautical (Veson), a maritime freight management solutions provider, said Tuesday it planned to acquire vessel valuation provider VesselsValue. Founded in 2011, VesselsValue now has a database of more than 81,500 vessels and provides daily updated, automated, vessel-specific valuations, reports, and market insights.In a statement on Tuesday, Veson said: "By combining VesselsValue products and services with Veson’s existing solutions, clients will benefit from a comprehensive product offering.

Forto has raised $240 million from investors led by Softbank (9984.T), the freight technology startup said on Monday, and will invest in expanding its platform for organizing trade shipments between China and Europe.The five-year-old Berlin firm offers a single platform for managing the journey of a shipping container from origin to destination - a task long handled with pen, paper and post-it notes, said Forto CEO and co-founder Michael Wax.“A shipment from Shanghai to a warehouse in Berlin should not be more difficult than a payment via Paypal or Stripe today…

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.Dozens of container ships were stuck when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel.The suspension of sailings through the waterway left shipping companies - including container lines - with millions of dollars in extra costs…

Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.Container shipping companies, which move goods for customers including Amazon.com and Walmart, got stung late last year and early this year when COVID-19 halted trade around the world, and they question whether the U.S. import boom can be sustained."Let's not get carried away," Rolf Habben Jansen, chief executive of Germany's Hapag Lloyd, told reporters.

European providers of transportation and logistics services P&O Ferrymasters has announced plans to open five new offices across Turkey over the next two years as it continues the expansion of its pan-European logistics services into Asia.In addition to its existing base in Istanbul, P&O Ferrymasters will develop a comprehensive network across the strategically vital country by opening offices in Izmir on the Aegean coast, the capital city Ankara, Mersin on the south coast, Bursa in the Marmara region and Gaziantep near the border with Syria.Murat Bog, Freight Management Director at P&O Ferrymasters, said: “This expansion will further…

Following the friendly takeover bid for CEVA Logistics, the CMA CGM Group has implemented a turnaround plan which includes a new governance, a new brand identity and priorities reset. CEVA’s new operations center opened in Marseilles.The CMA CGM Group now holds 99.6% of CEVA's equity. Structural decisions have been made during the second quarter of 2019 to enable CEVA’s financial recovery and create the conditions of a solid and successful turnaround.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, was elected Chairman of the Board of Directors of CEVA Logistics at the Annual General Shareholders Meeting held on 29 April 2019.A new, stronger governance structure has been put in place.

Following the friendly takeover bid for the contract logistics and freight management solutions provider CEVA Logistics, the French container transportation and shipping giant CMA CGM Group now holds 99.4% of CEVA's equity.The shipping Group is resolutely committed to CEVA's financial recovery, and has already taken major structural decisions paving the way for CEVA’s rapid return to profitability.Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, was elected Chairman of the Board of Directors of CEVA Logistics at the Annual General Shareholders Meeting held on April 29th, 2019.A new, stronger governance structure has been put in place.

CMA CGM is selling its freight management company CMA CGM Log for $105 million to the Swiss company CEVA Logistics. Recently CMA CGM has acquired a 30% stake in Ceva Logistic. CEVA will remain an independent and standalone listed company. This strategic partnership is aligned with CMA CGM's strategy to offer end-to-end logistics solutions to its customers, pioneering the development of integrated logistics solutions, while retaining an arm's length business relationship with CEVA.The deal is expected to close in the second quarter of 2019 pending regulatory approval.A press release from the global logistics supply chain company in both…

The 5th annual inland IMX show coincides with the first ever FreightWeek STL. For transport professionals, supply chain stakeholders and inland operators alike, there was something for everyone. St. Louis, MO: This week’s IMX inland marine industry tradeshow may have been the primary focus for inland stakeholders, but there were many more reasons to be here in St. Louis. Parallel with and coordinating with the 5th annual event was the weeklong FreightWeek STL event intended to spotlight freight and transportation industries, opportunities and to underscore the St. Louis region as a global freight hub. Importantly, the collaboration also highlighted the need for intermodal solutions and not necessarily modal competition.

Veteran Maersk Leader, Omar Shamsie, becomes President of Maersk Line in North America. Maersk Line, the world’s largest container shipping company, announces the appointment of Omar Shamsie as the new president of Maersk Line in North America effective December 1st, 2017. His most recent position was president of Maersk Line Latin America & the Caribbean and before that president of Maersk Line Canada. Mr. Shamsie’s rich background also includes director and vice president positions throughout the globe with Maersk. In 2018, Omar will continue developing reliable end-to-end container shipping solutions and supply chain services brought by the integration and synergies of the A.P. Moller - Maersk Transport & Logistics Company.

The Port of Dover is turning to a raft of futuristic traffic sensors to keep billions of pounds of trade and millions of passengers on the move. Equipment known as BlipTrack, developed by Denmark-based BLIP Systems, is helping controllers at Europe’s busiest ferry port to reduce bottlenecks and improve vehicle movements by predicting potential traffic congestion on Dover’s coast bound A20. The technology, installed at key locations within the port, feeds officers with live data throughout the boarding process…

Global non-vessel operating common carrier (NVOCC) and ocean freight consolidator CaroTrans today announced a new weekly less than container load (LCL) service from Montreal to Le Havre, France. This direct service has a 14 day transit. Freight can originate from as far west as Vancouver with handling provided by multiple container freight stations throughout Canada. The region in and around Montreal, the Quebec province, is a French speaking region with close, historical ties to France, and in turn robust trade, CaroTrans explained. Freight management at origin and destination is supported by a team including Odyssey, a CaroTrans partner in Canada, and CaroTrans’ Le Havre office. CaroTrans in Le Havre is positioned to expedite cargo release and on-carriage services.

Today, Congressman John Garamendi (D-Fairfield, Calif.), the Ranking Member of the House Committee on Transportation and Infrastructure’s Subcommittee on the Coast Guard and Maritime Transportation, spoke at the Bay Planning Coalition’s 2015 Decision Makers Conference. Garamendi's speech focused on America's pivotal opportunity to create thousands of American jobs by revitalizing America's shipbuilding industry. "We're not building big ships in the United States except for the U.S. Navy. These are strategic national assets," Congressman Garamendi said.

CEVA Logistics, one of the world’s leading supply chain management companies, has been awarded a long term contract to provide freight management services to SuperGroup, owner of famous fashion brands including SuperDry. The contract award followed a competitive tendering process that included more than ten major global logistics providers. Under the new contract, CEVA will manage collections from the company’s many suppliers by air, sea and road. It will then provide airfreight and oceanfreight on forwarding services from around the world and the main sourcing areas of China, Asia Pacific and India to all SuperGroup locations, particularly into the UK and Benelux.

Crowley Maritime Corp. and IbisTek, LLC, have announced the formation of a joint venture, called IbisTek Crowley Limited, to provide a comprehensive package of project logistics, energy support services and emergency response capabilities in Ghana, West Africa. The partnership, which meets the local standards required to be considered an “indigenous Ghanaian company,” leverages Crowley’s worldwide logistics footprint and project expertise and Ghana-based IbisTek’s existing relationships and customer base in the region. The IbisTek Crowley office will utilize local participation in the oil and gas support sector through the staffing of Ghanaian national employees who will work with Crowley’s U.S.

CEVA Logistics, one of the world’s leading supply chain management companies, today announced plans to expand its presence in the San Diego market with a new Freight Management and Logistics facility totaling 125,000 sq. ft. (11,612 sqm.) and 23 dock doors. The new facility will be the largest Freight Management and Logistics facility serving the San Diego market and represents the largest new warehouse agreement completed in central San Diego in the past five years. It will combine two current CEVA operations – a customer-dedicated facility presently based in Poway, CA, and the company’s current Freight Management operation, which is located in the same office park as the new facility in Mission Trails Industrial Park…

Chairman & CEO: Thomas B. Crowley Maritime Corporation is a U.S.-owned and operated marine solutions, transportation and logistics company providing services in domestic and international markets through six operating lines of business: Puerto Rico/Caribbean liner services; Latin America liner services; logistics; marine contract solutions; deep sea petroleum transportation; and petroleum transportation, distribution and sales in Alaska. The primary services offered by these six business lines include Shipping and Logistics…

CEVA Logistics, one of the world’s leading supply chain management companies, today announced the expansion of its Los Angeles (LAX)/Torrance freight management operation. One of the largest operations in CEVA’s global network, the company’s LAX/Torrance station now comprises three facilities totaling more than one million sq. ft. (92,903 sqm.) and 170 dock doors. The latest facility to be added to the LAX/Torrance campus features 319,000 sq. ft. (29,635 sqm.) of warehouse space and 50,000 sq. ft. (4,645 sqm.) of office space, with 50 dock loading positions. The site is strategically located near major Los Angeles roadway arteries and is only seven miles from the world ports of Los Angeles and Long Beach, and eight miles from the LAX International Airport.

CEVA Holdings LLC, one of the world’s leading non‐asset based supply chain management companies, today reported results for the three months ended 30 June 2014. Xavier Urbain, CEO of CEVA, said, “Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth. Since joining CEVA in January, I have focused on strengthening the executive management team, expanding our current talent base with additional industry experience to drive forward our strategy, building revenue and improving operational efficiency for the benefit of our customers. The numbers show we are gaining traction and are positioned well to make further progress in the future.

Global freight management company Geodis Wilson has announced the appointment of Mark Ness as new Global Industry Director – FMCG (Fast Moving Consumer Goods). Mark’s appointment reflects the importance to Geodis Wilson managing growth in the highly volatile FMCG – Retail vertical - a truly global market sector in constant flux, with ever greater product ranges, faster item turnovers, and an increasing demand for flexible, transparent and seamless supply chain management. Ness has been more than 25 years in the logistics industry with a significant amount of time focused on the FMCG business. The majority of his career has been spent with logistics service providers but he was also employed for five years by Kellogg’s…

Crowley Maritime Corp.’s solutions group, project logistics and global freight management team, and subsidiary TITAN Salvage have relocated to a shared, custom-designed office and warehouse facility in Houston. The new consolidated location at 15894 Diplomatic Plaza Drive is expected to foster company-wide synergies, expand TITAN and Crowley’s customer base and create new business opportunities among the three groups. Together, these businesses, which are founded in engineering, project management and logistics, will ultimately be able to provide better, more value-added customer solutions.

Global freight management company, Geodis Wilson, said it plans to continue growing its Middle East network and has announced the appointment of Sascha Geiken as new Cluster Managing Director for the Middle East region. Sascha Geiken joined Geodis Wilson in 2009 as Managing Director of Geodis Wilson United Arab Emirates. In his new position as Cluster Managing Director, he will be responsible UAE, Qatar, Saudi Arabia and Bahrain. Sascha Geiken, who started his freight forwarding career in 1995, has many years of experience in the Middle East working for major logistics companies.