By Alex Lennane 29 July 2026It 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. While Ceva Logistics increased its revenue year on year by nearly $400m, EBITDA fell 15.4%. CMA CGM has built a broad logistics portfolio through deals including Ceva Logistics itself, Bolloré Logistics and, most recently, its proposed acquisition of FedEx Supply Chain. Elsewhere, CMA CGM Air Cargo acquired aircraft maintenance specialist Crystal Aero Solutions, while the group continued investing in its global terminals portfolio. However, it argued that its integrated presence across shipping, logistics, terminals, and air cargo left it well positioned to adapt to changing market conditions.