International Freighting Weekly is reporting today that deep sea carrier CMA CGM is expected to pull out of the red, and break even in December, thanks to a combination of cost-cutting measures they've implemented, and a rebound in shipping rates and volume.
According to IFW, the cost-cutting measures include:
Closing of secondary lines to concentrate volumes on the main lines; an increase in strategic shipping partnerships; redelivery of chartered ships; reduced logistics expenses and port expenditures; optimised capacity in line with transport demand.
To read the full IFW article, please follow this link: Cost control will pull CMA CGM out of the red
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