CEVA Logistics, the logistics subsidiary of the CMA CGM Group, announced that it will soon begin the process of welcoming Bolloré Logistics into its new organizational model.

Bolloré Logistics was acquired by the CMA CGM Group on February 29, 2024.

"CEVA Logistics and Bolloré Logistics will move forward under one unified brand— CEVA Logistics. The company expects to complete its rebranding process by the end of 2024," it said.

In a statement, CEVA said it generated pro forma 2023 revenue of US$20.2 billion through transporting 1.9 million TEUs of ocean freight, 800,000 tons of air freight and managing 11.7 million square meters of warehouse space.

CEVA noted that it is combining its Air and Ocean operations in order to capitalize on best practices and technology investments, notably in finalizing its implementation of CargoWise.

"Our teams have been working toward this moment for many years, and I'm so proud of where we are as a company," said Mathieu Friedberg, CEO of CEVA Logistics.

"CEVA Logistics is moving to a vertical, product-driven organization that will benefit our team and our customers as we compete among the Top 5 of the logistics industry. The vision we put in place for CEVA with the support of the CMA CGM Group is taking its final form. Our ability to innovate and collaborate with our customers to improve their global supply chains through truly end-to-end solutions is unmatched in some market segments," he added.