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

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading