CMA CGM announces the establishment of Greenmodal Transport

Lebanese owned CMA CGM announced the establishment of Greenmodal Transport which aims at providing door-to-door service by barge or rail with the “last kilometre” by truck. The objective is to promote modal transfers, with the main advantage being that as a multimodal operator Greenmodal Transport has total control over all means of transportation. As a result, any major logistics problem can be overcome by replacing one saturated or disrupted means of transport with another. Greenmodal Transport also offers solutions for equipment and containers (container storage, repairs, sale and rental) and goods (storage, packing, unpacking, palletizing).
The new organisation groups the following companies in the CMA CGM Group, the world’s third largest container shipping company: Rail Link Europe (offering combined rail-road services for France, Germany and Belgium) established in 2001, River Shuttle Containers (combined barge-road services) set up in 2000, Progeco (container storage and repairs) established in 1980, and TCX (warehouses) created in 1975. In 2011, the combined turnover of these companies, which between them employ 530 people, was € 120 million, as per CMA CGM.
Greenmodal Transport is the only operator, according to CMA CGM, that offers customers the possibility of all three modes: road, rail and inland waterway. The fact the five are complementary means they can offer a one-stop-shop of neutral, efficient and simplified services, with a single point of contact, to meet customer expectations with regards to container transportation, storage and repairs.
It is worth noting that CMA CGM had recently released its financials covering the first quarter of the year. CMA CGM carried volume grew by 13.4% year-on-year to 2.6 million twenty-foot equivalent unit in thefirst quarter of 2012, while consolidated revenue increased by 2.6% to US$ 3.6 billion during the period.
Founded in 1978, CMA CGM is the world’s third largest container shipping group and number one in France. CMA CGM is headquartered in Marseille (France), and operates out of over 650 offices and agencies in more than 150 countries.
Lebanon Weekly Monitor – Bank Audi
17 August