CMA CGM bought out Freightliner.(who previously owned the land United need to build their new stadium on)
Some Info about CMA CGM.
CMA CGM is a French shipping and logistics company and one of the largest container shipping groups in the world. The company provides a range of transport and logistics solutions by sea, land, and air. It is headquartered in Marseille, France.
Key facts about CMA CGM:
- Services: The company offers end-to-end transport and logistics, including maritime shipping, air cargo, and overland transport.
- Global scale: CMA CGM has a global presence, serving over 420 ports across five continents with a large fleet of more than 650 vessels.
- History: The company was founded by Jacques Saadé in 1978. Its name is an acronym for two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), which merged in 1999.
- Subsidiaries:The CMA CGM Group includes other major logistics brands, such as:
- CEVA Logistics: A subsidiary that provides contract logistics and freight management services.
- CMA CGM Air Cargo: An air freight division created to offer air cargo logistics solutions.
CMA CGM Group employs 160,000 people worldwide as of 2025, with a global presence in 177 countries. This figure includes its employees across its maritime, land, air, and logistics sectors, as well as its headquarters in Marseille.
CMA CGM reported a turnover (revenue) of $55.5 billion for the full year 2024, an increase of 18% compared to the previous year, driven by strong container shipping performance amidst Red Sea disruptions. For the first half of 2025, the company saw stable results, with a revenue of $13.2 billion in the second quarter, matching the previous year's second-quarter performance.