CMA CGM Investing $20 Billion to Boost Ports in LA, Houston, Miami
CMA CGM Group announced plans to invest $20 billion in the U.S. over the next four years to boost shipping, logistics, and supply chain infrastructure. The investment includes building up the company’s fleet of U.S.-flagged ships, expanding key ports, opening new warehouses, and creating a major air cargo hub in Chicago.
“I am proud to build on our long-standing relationship with the United States through this commitment of $20 billion to the country’s maritime future and logistics capabilities,” said Rodolphe Saadé, Chairman and CEO of CMA CGM Group. “Over the next four years, we will significantly grow our U.S.-flagged fleet, expand the capacity of key container ports on both coasts, develop state-of-the-art warehousing across the country, and establish a significant air cargo hub in Chicago. This will create 10,000 new American jobs and further strengthen our partnership with American customers and public authorities.”
The investment is tied to the Biden administration’s push to rebuild U.S. shipyards and grow the American-flagged fleet. CMA CGM owns American President Lines (APL), which handles a lot of U.S. government cargo. CMA CGM plans to increase its U.S.-flagged ships from 10 to 30 as part of the investment.
Port expansions are planned for New York, Los Angeles, Dutch Harbor, Houston, and Miami. The goal is to improve port operations, speed up cargo flow, and ensure worker safety.
CMA CGM will also build modern warehouses and automotive logistics hubs across the country to improve the flow of goods. In addition, the company will open a new research center in Boston focused on robotics and automation for supply chain operations.
The air cargo part of the plan will include a new hub in Chicago and the launch of five Boeing 777 freighters flown by American pilots. This will help move time-sensitive goods quickly across the U.S.
The $20 billion investment will create 10,000 U.S. jobs while improving the flow of imports and exports.
President Donald Trump welcomed the investment, calling it a win for American jobs and supply chain resilience. “This is exactly the kind of commitment we want to see from global companies,” Trump said. “We’re working to rebuild our shipyards, bring back American manufacturing, and make sure we control our supply chain future.”
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