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.