CEVA Logistics has launched two services in its U.S.-Mexico portfolio, including Mexico Direct, a customs clearance solution for Mexican importers, and a new intermodal service.
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.
24 May 2013
CEVA Logistics has signed a new contract with BIC, a manufacturer of stationary products, lighters and shavers.
23 May 2013
CEVA Logistics has appointed Jim Barnett as vice president of its automotive division for the Americas, effective immediately.
21 May 2013
CEVA Group reported its adjusted earnings before interest, taxes, depreciation and amortization in the first quarter of 2013 were €31 million (about US$39.8 million), plummeting 53 percent from $84.8 million in the first quarter of 2012.
13 May 2013
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.
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.
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Jun 5, 2013 2:00PM EDT