Trump hails $20 billion investment by shipping firm CMA CGM
- CMA CGM Group will invest $20 billion in the United States to improve shipbuilding infrastructure, creating an estimated 10,000 new jobs.
- The investment will develop ports in locations such as New York and Los Angeles.
- CMA CGM aims to expand its U.S.-flagged fleet from 10 to 30 ships.
- Trump expressed delight over the investment, noting the importance of reviving the U.S. shipbuilding industry.
146 Articles
146 Articles
In a column in the “Nouvel Obs”, historian Arnaud Orain, specialist in economic thought and author of “Le Monde confisqué”, looks back on the visit of the CEO of the shipping company to Donald Trump. What was at stake in this submission? Source
CMA CGM will open new air cargo hub in Chicago with B777Fs
French logistics giant CMA CGM Group is to establish a new air cargo hub in Chicago as part of the international freight conglomerate’s $20 billion investment in the US maritime transportation, logistics, and supply chain sectors over the next four years until 2030. The new Chicago O’Hare Airport (ORD) hub will benefit from a number of the carrier’s Boeing 777F freighter fleet being based at the airport, as the airline takes delivery of new airc…
President Donald Trump on Tuesday announced a new White House office to "revitalize" the U.S. military and commercial shipbuilding industries, calling for repairing the troubled industry and saying it is vital to national security. He called for more ships to be built "very quickly, as quickly as possible" amid growing strategic competition with China.
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