CMA CGM lands record revenue and launches huge cost reduction

French container carrier CMA CGM  posted a rise in volumes and a record revenue of nearly USD 23.5 billion. A new cost reduction plan of USD 1.2 billion has been launched.

CMA CGM's 2018 annual revenue grew by 11.2 percent, to a record level of USD 23.48 billion according to a press release from the French container carrier.

In the fourth quarter of 2018 alone, revenue increased by 14.9 percent compared to the same quarter the prior year, reaching USD 6.3 billion.

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