CMA CGM Launches New Early Container Return Incentive Program
The CMA CGM Group, a global player in sea, land, air and logistics solutions, has recently announced the launch of TEUs to Trees, an early container return incentive program designed to increase climate change mitigation in the United States while assisting in the overall effort to improve both the fluidity and velocity of the supply chain.
The program has come into effect from October 1, 2022, to December 30, 2022.
This new incentive program is an opportunity to reward customers for doing their part to increase equipment availability while also helping them offset their environmental footprint.
The carbon credits CMA CGM will purchase on behalf of its customers will notably be used to expand U.S. forestry, support urban resilience projects in vulnerable communities and drive the creation of additional offset projects.
Through this program, the Group also aims to partner with its customers and move forward together towards a more sustainable shipping.
In order to increase impact, CMA CGM has also expanded this new early container return incentive to cover both refrigerated and dry containers as well as every U.S. ocean terminal where CMA CGM receives empty containers.
This enables shippers of all sizes and locations to offset carbon emissions and positively contribute to socio-environmental projects.
The company has also increased capacity and made significant investments in equipment.
In addition, CMA CGM was the first to freeze spot rates, and in March of this year, the Group dedicated vessel capacity to small and medium enterprises in both Europe and North America at rates typically only provided to high-volume shippers.
This newly launched incentive program is the third implemented by CMA CGM to encourage early pickup and return of containers.