CMA CGM announces $20 billion investment in US maritime economy
CMA CGM Group, a global leader in sea, land, air and logistics solutions, and owner of the US flag carrier American President Lines (APL), has announced a $20 billion investment to contribute to the US maritime economy and support the transformation of America’s domestic supply chain over the next four years. This announcement builds on CMA CGM Group’s 35-year presence in the US. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in US trade, CMA CGM transports over 5 million shipping containers to and from the country each year.
Foster US shipbuilding by growing US-flagged fleet and maritime jobs
As part of this new program, CMA CGM Group will contribute to the development of American maritime capabilities through a range of targeted investments. It advances the US Administration’s recently-announced priority to strengthen American shipbuilding capabilities. This includes bolstering APL’s US flag capacity and enhancing maritime resources with new jobs, skills and technologies. These commitments will reinforce APL’s position as the leading carrier for US government cargo transportation, while also ensuring the safe, open and reliable access to the oceans necessary to promote America’s economic and national security ambition.
Expanding container ports on the East and West coasts
The Group will also develop port infrastructure in key locations across the US, including New York, Los Angeles, Dutch Harbor, Houston and Miami. These investments will contribute to efficient operations and supply chains, accelerated digitisation and improved connectivity, and increased safety for port workers and cargo.
Opening state-of-the-art warehouses and automotive logistics platform
This investment will improve US logistics and supply chain infrastructure through the development of state-of-the-art warehousing and automotive logistics platforms across the country. These contributions will help ensure the security and reliability of the domestic supply chain, while also advancing US leadership in logistics.
Creating an air cargo hub in Chicago
As part of this investment, CMA CGM Group will also expand American air cargo capacity. Anchored by a new hub in Chicago, the Group will deploy five new Boeing 777 freighters, operated by American pilots, to strengthen US trade and connectivity and ensure the reliable transport of critical and time-sensitive goods.
Accelerating R&D investment and innovation in logistics
To remain at the forefront of innovation, CMA CGM will open a new logistics R&D hub in Boston, focusing on advanced robotics and automation solutions. Developed in collaboration with leading American technology partners, this innovation hub will optimise logistics services to ensure the best service quality for its American customers, informed a release.
Source: Exim News Service: Marseille, March 10