CEVA’s long-awaited IPO scheduled for Q2 on Swiss exchange

After months of speculation and years of rumors, the Switzerland-based 3PL CEVA Logistics said today that it is scheduling an initial public offering (IPO) during the second quarter of 2018 and hopes to raise US$1.36 billion, part of which would be used to relieve some of the company’s massive debt loads. In today’s statement, CEVA’s […]
  • Randy Woods
  • April 9, 2018

CEVA’s Malaysia footprint grows with new multi-user facility

Netherlands-based supply chain management company CEVA Logistics has doubled its former presence in Penang, Malaysia, with the opening of a new 70,000-square-foot multi-user warehouse. The new facility is in the Bayan Lepas Free Industrial Zone Phase IV, about a 10-minute drive from both the Penang International Airport (PEN) and the Penang bridge connecting the island […]
  • Caryn Livingston
  • March 9, 2018

CEVA outlook brightens despite lingering financial woes

Net losses at CEVA Logistics widened over 2017, but the company struck an optimistic tone in yesterday’s earnings report, noting that an increase in its cash-flow boded well for the debt-ridden company. With gross 2017 airfreight revenue up by 19.4 percent to US$1.38 billion, and overall revenues up 5.4 percent to $7 billion, CEVA Logistics’ […]
  • Lewis King
  • February 23, 2018

CEVA expands in Spain with new multi-user warehouse

Supply chain management company CEVA Logistics opened its third multi-user warehouse, in Alovera, Spain, northeast of Madrid. So far, one customer is already operating from the new site, CEVA said today. The warehouse is located near two major motorways in the area and includes 400 square meters of office facilities and nearly 16.000 square meters […]
  • Caryn Livingston
  • February 1, 2018

CEVA Logistics extends Malaysia Colgate-Palmolive deal

Supply chain management company CEVA Logistics has extended its warehousing contract with Colgate-Palmolive in Malaysia for another three years, bringing the total length of the companies’ working relationship to more than 18 years. The contract is for home, personal and oral care products received by CEVA at its facility in the city of Shah Alam. […]
  • Caryn Livingston
  • January 17, 2018

Top 4 forwarders that may be ripe for M&A activity in 2018

Although mergers and acquisitions (M&A) in the 3PL community so far in 2017 were not quite as numerous as they were in 2016, many airfreight industry analysts say the current boom times for air cargo should make 2018 another banner year for consolidation in the still fragmented freight forwarding business. Just two months ago the […]
  • Randy Woods
  • November 30, 2017

CEVA pushes deeper into the pharmaceutical logistics industry

CEVA Logistics has opened a refurbished, 132,000-square-foot facility at Redditch, in the U.K., bolstering CEVAs footprint in the pharmaceutical logistics industry. The move coincided with a new five-year warehousing agreement with Nutricia – a major British provider of medical nutrition. “In order to provide logistics service to the healthcare market, you must meet strict regulations […]
  • Lewis King
  • November 16, 2017

Still seeing red, but fundamentals improved in CEVA’s 3Q reporting

With CEVA Logistics allegedly on the hunt for a buyer, its positive third-quarter free cash flow of US$9 million, despite overall losses of $22 million, makes the Netherlands-based 3PL a far more attractive proposition than it was in Q3 of 2016, when free cash flow plunged $50 million into the red. In yet another signal […]
  • Lewis King
  • November 14, 2017

CEVA Logistics leases 120 Iveco Stralis tractors in the U.K.

In a move to upgrade its current U.K. fleet, supply chain management company CEVA Logistics signed a three-year lease with Dawsonrentals Truck and Trailer Limited for 120 new vehicles. Beginning in the fall, the 44-tonne Iveco Stralis tractors will be distributed throughout CEVA’s operations in the U.K. The tractors come equipped with sleeper cabs and […]
  • Caryn Livingston
  • September 18, 2017

CEVA adds temperature control at Dublin facility

New pharma shipping and handling options at CEVA Logistics’ Irish outpost are evidence that the country’s “bio boom” is still going strong. The supply-chain management company  has introduced  a temperature-controlled “building-within-a-building” at its warehouse in Dublin to handle temperature sensitive pharmaceutical shipments. The 15,000-square-foot facility is authorized under the Health Products Regulatory Authority Wholesalers Distribution […]
  • Caryn Livingston
  • August 22, 2017

CEVA Logistics shrugs off rising carrier rates with net earnings increase

Despite challenges presented by higher year-over-year ocean- and airfreight rates, supply chain management company CEVA Logistics posted stronger y-o-y net earnings figures for the first half and second quarter of 2017, supported by productivity improvements in freight management and “new business wins” in the contract logistics segment. First-half adjusted earnings before interest, taxes, depreciation and […]
  • Caryn Livingston
  • August 4, 2017

CEVA expands China-to-Germany rail service with faster northern route

In a move to shave up to two days off the average transit time along the growing Asia-Europe rail market, CEVA Logistics launched a China-to-Germany rail service that takes a more northerly route than other routings. Starting in in southern China’s Guangdong province and ending in Hamburg, Germany, the station-to-station transit takes 17-19 days. The […]
  • Lewis King
  • June 26, 2017

CEVA Logistics expands into Myanmar

Supply chain management company CEVA Logistics has opened an office in Yangon, the capital of Myanmar. With the country courting international investment, regions like the Thilawa Special Economic Zone outside Yangon are drawing in companies looking for low cost alternatives to China. CEVA has been operational in Myanmar for five years now, represented by a […]
  • Lewis King
  • June 23, 2017

The Power 25: How long can the good times last?

EARLY RISERS For this year’s Power 25, the positive trends outweighed the bad. Last year, we at Air Cargo World predicted DSV, following its completed absorption of UTi, would be a fast riser – and rise it did, leaping up seven spots on the Power 25 list, from No. 16 to No. 9. Now that […]
  • Randy Woods
  • May 27, 2017
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