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CMA CGM to acquire Freightliner
['Kevin Smith']
International Railway Journal
GLOBAL logistics company CMA CGM has announced the acquisition of British freight operator Freightliner.
The company’s other businesses, Heavy Haul, Rotterdam Rail Feeding, and Freightliner Poland/Germany, will remain under their existing ownership, with Freightliner a subsidiary of Genesee & Wyoming, United States.
CMA CGM confirmed that Freightliner will continue to be run independently by existing teams that will “remain focused on its multi-user and multi-customer approach.”Freightliner CEO, Tim Shoveller, confirmed that the company’s Intermodal business unit will become a standalone business within CMA CGM.
“The acquisition of Freightliner, a leading rail freight operator, strengthens our intermodal presence in the United Kingdom, a strategic market for CMA CGM,” says Rodolphe Saadé, chairman and CEO of CMA CGM Group.
It was privatised in the 1990s and sold to a management buyout (MBO) team, and later acquired by Genesee & Wyoming in 2015.
['cgm'
'business'
'genesee'
'freightliner'
'wyoming'
'freight'
'cma'
'acquire'
'rail'
'british'
'road']