CMA CGM to invest $20 billion to expand shipping, aviation and logistics operations in the US, creating 10,000 jobs

CMA CGM container ship (Photo: CMA CGM / Phaata)

CMA CGM Group has announced plans to invest $20 billion in the US over the next four years to expand its shipping, logistics and aviation operations. The project is expected to create about 10,000 new jobs.

The leading French logistics group, which owns the US-flagged shipping company American President Lines (APL), plans to increase its maritime capacity in the US by expanding its port infrastructure, logistics network and air freight services. Currently, CMA CGM operates in 40 US states, employs around 15,000 people and handles more than 5 million containers per year.

According to Chairman and CEO Rodolphe Saadé, this investment will expand the group's US-flagged fleet and increase container handling capacity at key ports such as New York, Los Angeles, Dutch Harbor, Houston and Miami. In addition, CMA CGM will build modern warehouse centers across the US.

A key part of the plan is the construction of a new air freight hub in Chicago, equipped with five Boeing 777 aircraft operated by US pilots. This initiative aims to improve trade efficiency and connect important goods.

In addition, CMA CGM will establish a logistics research and development center in Boston, focusing on advanced robotics and automation technology. The center will be developed in conjunction with US technology partners to optimize logistics services and enhance the group's competitive advantage.

This investment is consistent with the US government's strategy to enhance domestic shipbuilding and maritime infrastructure capabilities, thereby strengthening economic interests and national security.

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Source: Phaata.com (According to Logistics Insider)

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