CEVA Logistics

Founded in 2007 after the merger of TNT Logistics with EGL Eagle Global Logistics, CEVA Logistics, a non-asset based supply chain management company, has its headquarters in Hoofddorp, Netherlands.

CEVA Logistics’ 49,000 employees in over 1,000 offices provide freight forwarding, contract logistics, and transportation and distribution management services. The private equity firm Apollo Management, L.P., owns the majority of CEVA’s shares.

In 2013, CEVA Logistics earned $8.5 billion in revenue, a decline of $700 million, or 8.3 percent, from 2012’s $9.3 billion. On April 2, the company withdrew a planned IPODespite these losses, CEVA Logistics holds the No. 5 spot in JOC’s ranking of the Top 40 Global 3PLs.

The lion’s share of CEVA Logistics’ revenue originates in Europe, although CEVA can be found in more than 170 countries. Most of its revenue is derived from contract logistics. CEVA primarily serves the automotive, retail, technological, and industrial sectors.

CEVA has its roots in two logistics firms: TNT Logistics and EGLTNT Logistics was sold by TNT to affiliates of Apollo Management 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.

28 Sep 2015
CEVA Logistics claims changes to its less-than-container-load export system and the use of trucks instead of rail have cut local transit times for U.S. exports by as much as 14 days compared with the schedules of rival operators.
25 Sep 2015
CEVA Logistics, the world’s sixth largest third-party logistics provider, has won a $50 million contract to handle Continental’s U.K. operations for the next five years.
24 Sep 2015
Deteriorating market conditions on the Asia to Europe and South America trade lanes have seen NVOCCs focusing their efforts on the better performing Asia-U.S. trade, leading to intense competition on the long-haul routes.
26 Aug 2015
CEVA Logistics is developing its global consolidation operations and less-than-container-load services, and has announced the launching of a weekly LCL offering from Singapore to New York.
24 Aug 2015
Supply chain management company CEVA has named Arjan Kaaks, who has extensive executive experience at major retailers, including Unilever, as chief financial officer.
07 Aug 2015
CEVA’s second-quarter earnings surged 25 percent as it continued to reap the benefits of a new business model and maintained ocean and air freight volumes in the face of uneven global demand.
16 Jul 2015
European shippers needing industrial spare parts to prevent the stalling of production lines will be able to take advantage of a new global distribution hub.
11 Jun 2015
CEVA has launched a weekly less-than-containerload service from Antwerp to New York, as U.S. imports from Europe surge on the strength of the dollar.
CEVA pallet truck
05 May 2015
CEVA’s earnings were up almost a fifth in the first quarter higher air and ocean freight volumes and the benefits of a new business model offset significant exchange rate fluctuations
04 Mar 2015
CEVA Logistics posted slightly lower revenue and earnings in the fourth quarter of 2014 as currency movements outweighed market-beating increases in ocean and air freight volumes.
10 Dec 2014
CEVA Logistics has become the latest global supply chain company to expand its warehouse presence in Singapore with the a new facility at Jalan Buroh near Jurong Port in the west of the city state.
11 Nov 2014
CEVA’s third-quarter earnings grew 6.7 percent from a year ago as the Netherlands-based supply chain management group posted market-beating increases in ocean and air freight volumes.