French shipping giant investing in US logistics
The CMA CGM Group has announced a USD 20 billion investment scheme over the next four years to strengthen its role in the US maritime economy, expand logistics infrastructure and create 10,000 new jobs. The shipping giant, which operates in 40 US states and employs 15,000 people, aims to enhance port infrastructure, logistics networks, air cargo and shipbuilding capabilities.
The plan includes expanding key ports such as New York, Los Angeles and Houston, developing modern warehousing and establishing an air cargo hub in Chicago with five new Boeing B777 freighters. CMA CGM will also boost its US-flagged fleet, reinforcing its role in government cargo transport. Additionally, an R&D centre in Boston will drive innovation in automation and robotics, further integrating advanced technology into logistics operations. (ah)