The global container logistics provider says the buyout of Gefco contributed $750m to its logistics revenue for Q3. Logistics revenue totalled $4.34 billion in the third quarter of the year
CMA CGM is now in the process of integrating Gefco into its Ceva Logistics division. CMA CGM bought Ceva Logistics in 2019. The aim of the integration is to strengthen Ceva Logistics’ services in Europe and advance CMA CGM’s goal of providing end-to-end shipping and logistics services. The integration of Gefco will also significantly enhance Ceva’s ability to provide finished vehicle logistics in Europe.
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