Ceva Logistics is set to significantly grow its sea freight forwarding business after an unveiling a new strategic plan that includes acquiring the ocean freight forwarding activities of its major shareholder, CMA CGM.
The revised strategic plan was released today, and it includes an increase its 2021 revenue target to more than $9bn, derived from a projected 5% annual organic growth rate, as well as the addition of $630m from CMA CGM’s freight forwarding …

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Source: The Loadstar