English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

CMA-CGM takes India logistics stake

PRESS RELEASE

April 29, 2015: The CMA CGM Group, one of the world's leading global containers shipping companies, is pleased to announce that it has taken a strategic stake in the 25-years old company LCL Logistix, one of India's logistics leaders, via the Group's subsidiary specialized in freight forwarding and logistics solutions.

CMA CGM LOG reinforces its position in India and will leverage LCL Logistix's Indian network as well as its presence in Canada, in the United States and in East Africa to accelerate its development. Thanks to this strategic stake, CMA CGM LOG expands both its product offering and its geographic coverage, including in emerging countries where logistics solutions demand is high.

Created in 2001, CMA CGM LOG is the CMA CGM Group's subsidiary specialized in freight forwarding and logistics solutions. Its 500 experts offer logistics solutions that are complementary to maritime services in 32 countries, including air freight, multimodal transport, custom clearance, warehousing and distribution... After a sustained growth in 2014 and the opening of offices in 6 new countries, CMA CGM LOG accelerates its development in 2015.

LCL Logistix is a freight forwarding leader in India based in Mumbai. LCL revenues amounted to circa USD 120 million for the fiscal year 2014. Present across India, LCL Logistix also operates 3 CFS in strategic locations: in Nhava Sheva, where CMA CGM has vessels calling, in Haldia (West Bengal) and in Pipavav (Gujarat). As a logistics specialist, LCL Logistix has a 25-years old expertise and a 42 office network in India and abroad. In order to pursue the company's development, its management team will be maintained.
.
Mathieu Friedberg, vice president Freight Forwarding and Logistics activities said: "By taking this stake, CMA CGM LOG improves its logistics offer and has LCL Logistix benefit from its international network. 2015 will see CMA CGM LOG's development accelerate thanks to the new synergies generated by this investment, but also with the implementation of CMA CGM LOG in 12 new countries."

More News

Written on 14/12/2017, 19:34
berlin-gets-electric-deliveries-from-dachserKAMPTEN, Berlin: December 14, 2017. Dachser and DHL are the launch customers of Daimler's all-electric FUSO eCanter commercial vehicle. Both companies...
Written on 13/12/2017, 22:04
delta-adds-dusseldorf-to-ceiv-networkATLANTA: December 13, 2017. As Delta Air Lines announces an order for 100 Airbus A321neo, its Cargo division says it now has seven CEIV-approved...
Written on 07/12/2017, 22:33
russian-railways-to-invest-rub7-7-trillionMOSCOW: December 04, 2017. Speaking at the III Railway Congress at the beginning of this month, OJSC Russian Railways president Oleg Belozerov said the...
Written on 07/12/2017, 16:12
first-b777-freighter-for-turkish-cargoISTANBUL: December 07, 2017: Turkish Airlines has taken delivery of the first of two B777 freighters due to arrive in 2017 at a ceremony in Istanbul this...
Written on 06/12/2017, 20:49
cma-cgm-supports-green-santa-clausMARSEILLE: December 06, 2017. CMA CGM and French clothing manufacturer Kaporal Group have launched a limited edition collection called 'Shipping the...
Written on 06/12/2017, 16:57
jal-invests-in-supersonic-boomTOKYO/DENVER: November 05, 2017. Japan Airlines (JAL) has invested US$10 million and placed options for up to 20 Boom Supersonic aircraft as part of a...
Written on 05/12/2017, 21:47
freightweek-news-update-week-49COPENHAGEN: Maersk Line makes westbound network changes as Asian port congestion causes sailing delays. Read more: Advisory.pdf PARIS: December 08, 2017....
Written on 05/12/2017, 17:13
virgin-hyperloop-one-to-link-bengaluru-and-chennai-in-25-minutesBENGALURU, India: December 05, 2017. Virgin Hyperloop One has signed an MoU with the Indian state of Karnataka to determine the economic impact of its...
Written on 01/12/2017, 18:49
dhl-s-first-converted-a330-300-just-needs-paintDRESDEN: December 01, 2017. DHL Express has taken delivery of the first A330-300 Passenger-to-Freighter (P2F) conversion from Elbe Flugzeugwerke (EFW),...
Written on 29/11/2017, 21:29
cargolux-nca-code-share-to-include-frankfurt-hahnLUXEMBOURG: November 29, 2017. Cargolux has signed a new code-share and capacity swap agreement with Nippon Cargo Airlines (NCA) between Europe and Japan...
Written on 29/11/2017, 00:08
smart-retailer-ocado-signs-ecommerce-deal-with-groupe-casinoLONDON/PARIS: November 28, 2017. UK online grocery retailer Ocado Group is to provide its proprietary eCommerce technology to French bricks and mortar...
Written on 28/11/2017, 19:06
swiss-world-cargo-expands-pharma-corridorsZURICH: November 28, 2017. Swissmedic, responsible for the authorization and supervision of therapeutic products in Switzerland, has renewed the...
Written on 27/11/2017, 20:02
freightweek-news-update-week-48BRUSSELS: November 30, 2017. The European Commission has updated its list of 178 airlines banned from the EU for safety reasons. Read...
Written on 26/11/2017, 22:46
air-canada-cancels-freighter-networkTORONTO: November 24, 2017. Air Canada Cargo is terminating its B767 freighter services to and from Mexico, Dallas-Fort Worth, Atlanta, Bogota, Lima and...
Written on 26/11/2017, 20:34
qatar-helps-deliver-sight-to-childrenDOHA: November 25, 2017. Qatar Airways has renewed its sponsorship of Orbis UK, the global charity that fights avoidable blindness through access to...
Written on 24/11/2017, 22:20
hna-buys-australian-reefer-logistics-businessPERTH, Australia: November 23, 2017. HNA International is to buy the refrigerated logistics business of Australia's largest auto retailer Automotive...
Written on 24/11/2017, 20:53
alibaba-adds-online-technology-to-offline-retailingHONG KONG: November 21, 2017. The Alibaba Group is acquiring a 36.16 percent stake in the Sun Art Retail Group for US$2.88 billion Sun Art is a...
Written on 21/11/2017, 15:20
freightweek-news-update-week-47ABU DHABI: November 26, 2017. Etihad Airways has appointed Justin Carr as the airline's new vice president Cargo. Carr is a former DHL senior executive....
Written on 18/11/2017, 22:25
crowley-supports-puerto-rico-power-restorationSAN JUAN, PR: November 17, 2017. Puerto Rico's Electric Power Authority director Ricardo Ramos resigned today as the government acknowledged that only...
Written on 18/11/2017, 16:13
emirates-skycargo-signs-ecommerce-mouDUBAI: 18 November, 2017. Emirates SkyCargo has signed an MoU with Dubai CommerCity (DCC) – a free zone dedicated to eCommerce in the MENA...

- powered by Quickchilli.com -