ID 33192614
© Stbernardstudio
| Dreamstime.com
The first-quarter (Q1 26) results of France’s CMA CGM Group, released on Friday 22 May ahead of our bank holiday, were particularly uninspiring with regard to the Ebitda margin tied to its 3PL arm, Ceva Logistics.
And, unsurprisingly, that disclosure comes just as Ceva-related M&A rumours in logistics are building again in our circles.
Now
The 210 basis points drop in Ebitda margin from logistics operations (read: Ceva), the carrier said, reflected: “Pressure on freight management activities in a deteriorated market environment, as …