CMA CGM Q2 shipping boom can’t hide Ceva margin challenge

It may not have appeared at the top of CMA CGM’s Q2 release, but beneath a set of “strong” group results, Ceva Logistics’ profitability remains one of the conglomerate’s biggest challenges. The logistics arm did improve on a difficult first quarter, EBITDA rising to $388m from $330m, and margins edging up to 7.8%. But despite revenue increasing 8.5% to $5.01bn, year on year, profitability deterior Read full article →