CEVA Logistics

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.

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.
23 Sep 2014
CEVA Logistics opened a new branch office in Vietnam’s capital city of Hanoi to tap into opportunities for growth in the country’s northern region.
09 May 2014
CEVA Holdings hailed contract logistics as a successful counterweight to flat ocean and air freight markets that drove a 7.5 percent increase in first-quarter earnings even as revenue shrunk.