Logistics

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

The price of air freight has dropped significantly, and the market will become ”complex” in the coming years, says the chief executive of Ceva Logistics.
”The pattern each freight forwarder has developed on long term deals that we have cut before the market turned around will clearly have an impact on the profitability moving forward,” says Mathieu Friedberg, CEO of Ceva Logistics. | Photo: Pr / Ceva Logistics
”The pattern each freight forwarder has developed on long term deals that we have cut before the market turned around will clearly have an impact on the profitability moving forward,” says Mathieu Friedberg, CEO of Ceva Logistics. | Photo: Pr / Ceva Logistics
by JENS THOMSEN

With the acquisition of part of competitor Bolloré, Ceva Logistics – the logistics group of French shipping group CMA CGM – wants to move into the top five in the logistics market and at the same time make its air freight business viable.

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