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

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
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