CEVA Logistics has opened the City of Pharma, a 20,000 square meter (about 215,278 square foot) hub in Stradella, Italy, for the warehousing and handling of products destined for health care distribution channels.
CEVA Logistics
CEVA Logistics, a non-asset based supply chain management company, has approximately 50,000 employees in nearly 170 countries. For the year ending 31 December, 2012, the company and its subsidiaries reported revenue of €7.2 billion (about US$9.3 billion), but overall adjusted EBITDA fell 21.8 percent year-over-year to $322.4 million.
On April 2, the company withdrew a planned IPO.
CEVA has its roots in two logistics firms: TNT Logistics and EGLTNT Logistics was sold by TNT to affiliates of Apollo Management LP in 2006; it was renamed CEVA Logistics in December 2006. EGL had been founded in Houston, Texas, in 1984 as EagleUSA Airfreight. Apollo Management LP bought EGL in August 2007, and it became part of CEVA Logistics at that time.
06 May 2013
Wherever CEVA Logistics heads from here, there is little doubt the world’s fifth-largest third-party logistics company is in for a significant transformation. In many ways, that’s already under way, with a new strategic mission and recapitalization plan forming the basis of an uncertain future.
03 May 2013
CEVA Logistics reported a loss of €681 million (about US$892.6 million) in 2012, growing from a loss of $283.1 million in 2011.
02 May 2013
CEVA Logistics has won support from bondholders for a debt-for-equity swap.
17 Apr 2013
CEVA Logistics has signed a five-year e-commerce contract with Liu-Jo.
08 Apr 2013
Standard & Poor’s lowered its corporate credit rating on CEVA Logistics from “B minus” to “SD” — Selective Default —
04 Apr 2013
CEVA Investments has pulled its plan for an initial public offering on the New York Stock Exchange, Reuters reports.
03 Apr 2013
CEVA Group’s revenue in 2012 was €7.2 billion (about US$9.3 billion), rising 4.8 percent from $8.9 billion in 2011, according to the supply chain management company’s preliminary unaudited data.
20 Mar 2013
CEVA Logistics has launched a new China to Europe railway service.
15 Feb 2013
CEVA Logistics has opened its Center of Logistics Excellence in Jacksonville, Fla.
05 Feb 2013
Supply chain company CEVA Logistics has appointed Jaap Bruining as its new head of operations for China. He will be located in Shanghai.
20 Dec 2012
Supply chain management company CEVA Logistics has entered into a joint venture in Vietnam with longtime partner Indo Trans Logistics Group.
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