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.

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