CEVA Company Profile

July 2, 2022 Third Party Logistics (3PLs) march onward.

July 12, 2019 State of 3PL: More mergers and aquisitions on the horizon

February 13, 2019 CMA CGM is aiming for Ceva Logistics to break even this year, said its finance chief this week, as the French shipping group opened a share offer to cement its control of the Swiss freight specialist.

February 13, 2019 Marseille, France-based global container shipping company CMA CGM remains intent on acquiring CEVA Logistics, a global third-party logistics (3PL) services provider based in Hoofddorp, the Netherlands for $1.65 billion, according to various reports and filings.

February 7, 2019 While the outcome had been predicted in industry circles, the verdict that Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina will not be acquired by Hedehusene, Denmark-based global 3PL DSV is now official.

April 25, 2018 CMA GGM said that the objective of this deal is to “grow its presence in the logistics sector, which is closely related to shipping.” And it added that the closing of this deal is subject to the completion of CEVA’s planned IPO on the SIX Swiss Exchange, which was announced on April 20, in addition to approval from regulatory authorities.

January 19, 2017 The report includes global spare parts logistics market estimates, which are further calculated at the country/region level and for major industry verticals, and details the logistics capabilities of seven leading providers.

May 6, 2015 First quarter revenue of $1.776 billion was down 4.8 percent annually but up 4.6 percent in constant currency. And adjusted EBITDA at $51 million saw an 18.6 percent annual gain, with a 23.3 percent increase in constant currency.

February 4, 2015 Global third-party logistics (3PL) services provider CEVA Logistics recently announced it opened up its fourth facility in Chicago, which is located in close proximity to O’Hare International Airport.

November 12, 2014 Third quarter earnings for global third-party logistics (3PL) services provider CEVA Logistics announced earlier this week were mixed. Along with its earnings release, the company also rolled out its new global operating model, which is focused on increasing, velocity, efficiency, and responsiveness.

August 13, 2014 Revenue was up 6 percent compared to the first quarter at $1.978 million and down 4.2 percent annually, and adjusted EBITDA was up 40 percent compared to the first quarter at $60 million, and was down 25 percent annually. Quarterly EBITDA was lower annually, due to the company’s Freight Management group revenues being negatively affected by lower market rates.

June 26, 2014 CEVA said it will provide inbound transportation logistics services for Ford’s Coldwater, Michigan-based Coldwater Origin Distribution Center (ODC), adding that its transportation operations will be based in various Michigan locations and provide pickup and delivery to the Coldwater ODC.

May 8, 2014 Revenue was down 8.9 percent annually at $1.865 billion, and adjusted EBITDA saw a 7.3 percent increase to $43 million.

March 4, 2014 Fourth quarter revenue for CEVA–at $2.149 billion-dropped 9.4 percent annually, while adjusted EBITDA jumped up 57.1 percent to $77 million, with the company citing cost reduction actions taken last year contributing to ongoing annual improvements for the latter. For 2013, CEVA revenue fell 8.3 percent year-over-year to $8.517 billion, due to sluggish volumes from its Freight Management group.

March 3, 2014 CEVA said the new location, which has three times the capacity of its previous location there and based at the Parque Sur Industrial Park, is comprised of 4,400 square-meters, with capacity for 7,000 pallet positions, 10 meters of free height, and is in close proximity to the Panama Tocumen Airport as well as major highways.