Analysis: The axe will fall on Ceva as CMA CGM’s cost-cutting exercise gathers speed

Last week’s headlines pointed to a rationalisation in the number of routes that CMA CGM would serve in future, as well as brands consolidation as part of a comprehensive efficiency push, yet its consolidated numbers clearly suggest where the axe will fall if it hits its ambitious $1.5bn savings targets. And that’s staff – predominantly, I expect, Ceva Logistics’ staff.
The gist: the 3PL subsidiary it now fully controls via a …

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Source: The Loadstar

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