Following completion, CEVA expects to handle around 47,000 vehicles a year and to reach an annual volume of 95,000 vehicles by March 2025.

CEVA Logistics, which is a subsidiary of Marseilles-based CMA CGM, is buying the UK’s supply chain solutions group Wincanton for £UK566.9M (about US$718M).

China is still the fastest growing market for automotive manufacturers.

Australian new car sales have stalled thanks to the global financial crisis and ports and PDI facilities are jammed solid. The situation has been compounded by the withdrawal from the Australian vehicle market of financiers GMAC and GE Money and the imminent departure of Ford Credit from retail finance.

Following completion, CEVA expects to handle around 47,000 vehicles a year and to reach an annual volume of 95,000 vehicles by March 2025.

CEVA Logistics, which is a subsidiary of Marseilles-based CMA CGM, is buying the UK’s supply chain solutions group Wincanton for £UK566.9M (about US$718M).

China is still the fastest growing market for automotive manufacturers.

Australian new car sales have stalled thanks to the global financial crisis and ports and PDI facilities are jammed solid. The situation has been compounded by the withdrawal from the Australian vehicle market of financiers GMAC and GE Money and the imminent departure of Ford Credit from retail finance.