CMA CGM bid for stake in SNCF rail freight unit hits the buffers

CMA CGM has pulled out of the race for a stake (49%) in France’s biggest rail freight player, Rail Logistics Europe (RLE), according to a report in the French media. Contacted by The Loadstar, both CMA CGM and RLE parent SNCF declined to comment. The news of the French ocean shipping line withdrawing its shareholding bid for RLE, which groups all the French state rail freight business units, has n Read full article →