French airline holding company Air France-KLM Group plans to end its air cargo deal with French shipping and logistics firm CMA CGM, the airline announced on Tuesday. Shares in Air France-KLM Group were losing around 3% in early morning trading in France after the airline announced its decision to withdraw from its existing air cargo agreements with CMA CGM from March 31. CMA CGM, which remains a core shareholder in Air France-KLM, will also step down from the Air France-KLM board of directors o
French Shipping giant CMA-CGM will take control of port management and operations at the prominent New Jersey and Staten Island container terminals. This follows an agreement struck by the Port Authority of New York and New Jersey to amend the.