CEVA begins new era under CMA CGM with Q1 drop in air volume

Following yesterday’s annual general meeting, CEVA reported its first-quarter results today, showing a 6.9% drop on air cargo volumes, compared to the previous first quarter, plus several corporate structure changes as French seafreight firm CMA CGM begins its governance over the Swiss 3PL. For Q1 of 2019, CEVA said the dip in the air segment […]
  • Randy Woods
  • April 30, 2019

While completing CMA CGM merger, CEVA extends partnership with Brazilian automaker

This week, Swiss 3PL CEVA Logistics inked a new contract with longtime partner, Brazil-based Fiat Chrysler Automotive (FCA), to manage the company’s aftermarket operations at its Betim facility until 2022. At the same time, CEVA completed its deal with French maritime shipping giant, CMA CGM Group, giving the latter nearly 98% control of the logistics […]
  • Nina Chamlou
  • April 12, 2019

CEVA reduces debt, confirms drop in net earnings for Q4

Earlier this month, when Swiss 3PL CEVA Logistics released its preliminary results for 2018, it touted its reduction in debt and its potential growth prospects for 2019. Today, as it released its official fourth-quarter and full-year performance figures, CEVA official retained their optimism, but, like several other logistics firms, reported double-digit losses on fourth-quarter earnings […]
  • Randy Woods
  • February 27, 2019

CEVA’s preliminary results for 2018 point to future growth, reduced debt

Calling 2018 a year rocked by “structural changes” and activity to deleverage debt, CEVA Logistics AG released preliminary results on Monday for the year ended Dec. 31, 2018, suggesting that revenues grew during the year, albeit not quite as strongly as the revenues from the previous year. CEVA’s full 2018 results are not expected to […]
  • Randy Woods
  • February 5, 2019

Panalpina’s largest shareholder rejects DSV takeover bid

Today, Panalpina’s largest shareholder, the Ernst Göhner Foundation, said it does not support the non-binding proposal from Denmark-based rival DSV to purchase the Swiss forwarding giant. About two weeks ago, Panalpina’s board said that “according to its fiduciary duties,” it would review the proposal with its professional advisers. The offer, which was released on Jan. […]
  • Nina Chamlou
  • February 4, 2019

8 executive moves that will impact air cargo in 2019

It’s a new dawn, it’s a new day… It’s a new CEO? Now that 2019 has arrived, Air Cargo World is looking back one more time to see which of the recent executive moves in 2018 will likely have the greatest impact on the transformation of airfreight logistics in the new year. While some of […]
  • Randy Woods
  • January 4, 2019

CEVA Logistics acquires CMA CGM Log in new strategic plan

While CEVA Logistics will continue to handle airfreight, the global company made a strong commitment to the seafreight sector in its revised plan for 2021, which details its new strategy. The new plan followed the release of its third quarter 2018 results two weeks ago, which showed drastic year-over-year decreases in the company’s operating income. […]
  • Nina Chamlou
  • November 26, 2018

DSV rescinds second offer to acquire CEVA before CEVA can respond

Today, Danish logistics company DSV has rescinded its second offer to acquire CEVA Logistics before it ever received a response from CEVA. “Based on the unwillingness of the board of directors of CEVA to engage directly with DSV at the price per share offered,” DSV said in a statement that the offer had been withdrawn. […]
  • Nina Chamlou
  • October 23, 2018

CEVA board rejects takeover bid from DSV as ‘inadequate’

Yesterday, after Danish logistics firm DSV made an unsolicited, non-binding acquisition bid to CEVA Logistics AG, the CEVA board of directors unanimously rejected the offer of roughly US$28 per share in cash, saying that the bid – totaling about $1.5 billion – was “not in the best interest of the company and its shareholders.” The […]
  • Randy Woods
  • October 12, 2018

CEVA Logistics completes phase one of Rolls-Royce aero logistics project

CEVA Logistics has completed the first phase of its aero logistics project with client Rolls-Royce, establishing three app-integrated hubs or “supply chain control towers” in Ashby-de-la-Zouch, U.K., Singapore and Jacksonville, U.S. The logistics company currently moves more than 1,200 shipments per week – from small parcels to out-of-gauge loads – for the company each week, […]
  • Nina Chamlou
  • July 30, 2018

Is CEVA Logistics beginning to dig itself out of hole?

CEVA Logistics reported its second-quarter earnings today, posting a net loss of US$45 million – unchanged from 2Q17. For the first half, CEVA reported a net loss of $112 million, compared to a loss of $102 million in 1H17. Revenue in the second quarter was up 7.4 percent year-over-year to $1.85 billion, but operating income […]
  • Nina Chamlou
  • July 27, 2018

CEVA, IMSW partner to offer FTZ compliance services to U.S. clients

Today, Netherlands-based 3PL CEVA Logistics and supply chain consultant company IMS Worldwide, Inc. (IMSW), have entered into a partnership to integrate strategic federal trade zone (FTZ) compliance into CEVA’s ocean and air logistics clients in the United States. IMSW will provide its understanding of compliance with FTZs, which offer significant cost reductions for logistics companies […]
  • Nina Chamlou
  • May 30, 2018

Power 25: 3 Forwarders to Watch in 2019

CEVA Logistics (No. 13) For the last several years, CEVA Logistics has struggled to control its mounting debt issues. Then, less than a month after its long-awaited initial public offering (IPO) on the Swiss stock exchange in April of this year, the Dutch logistics firm raised about US$1.2 billion and released generally positive figures for […]
  • Randy Woods
  • May 24, 2018

CEVA releases positive Q1 figures, outlines post-IPO strategy

Less than a month after its initial public offering (IPO) on the Swiss stock exchanges raised about US$1.2 billion for the Dutch logistics firm, CEVA released generally positive figures for the first quarter of 2018, and provided some more details about its partial purchase of French shipping company CMA CGM. Adjusted earnings before interest, taxes, […]
  • Randy Woods
  • May 15, 2018
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