The second phase of the turnaround plan aimed at turning logistics acquisition Ceva into a profitable part of CMA CGM has now been launched in earnest, reveals the CMA CGM group's 2019 annual report, which also quantifies Ceva's first year as part of the French shipping group.
In 2019, Ceva contributed USD 7.1 billion to the group's revenue, which landed at USD 30.3 billion for the year as a whole. According to the annual report, Ceva is thus the primary reason for the 29-percent increase in revenue that the group saw last year.
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