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

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

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Ceva ready to move into the major league following deal

MSC acquires majority stake in Italian air freight company

Maersk scales up air freight and adds new aircraft

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Front page now

Maersk sells part of its business with the US government

German logistics company wants to grow 250 percent by 2030

Lynn Loo urges shipping to take steps outside its comfort zone

Maersk praises Cosco's plans to move into green methanol

Russia still relies on Europe to ship its oil despite price cap breach

Norden's venture in Gabon runs smoothly one month after military coup

IEA: Ammonia is crucial for shipping's green transition

Fredriksen company loses legal dispute with shipyard

Norwegian carrier gets state funding for new ammonia vessels

German ports fear public savings

IEA: Green fuels keep climate goals alive

Navigare Capital cashes in from sale of several ships

Further reading

2,000 rejected oil deals make Bunker Holding's carbon footprint plunge

German logistics company wants to grow 250 percent by 2030

Lynn Loo urges shipping to take steps outside its comfort zone

Maersk sells part of its business with the US government

Maersk praises Cosco's plans to move into green methanol

Fredriksen company loses legal dispute with shipyard

Jobs