Tag: freight management

CEVA Logistics strengthens its presence in Sri Lanka with a new operation

As it further extends its capabilities across Asia, CEVA Logistics has set up a new operation in Sri Lanka officially opening the CEVA Sri Lanka office for business today. With the new set up, CEVA Sri Lanka will service clients in both the island nation and in the Maldives. From its headquarter...

CEVA Logistics launches expert Medical Equipment Installation Service in India

In a further expansion of its global healthcare capabilities, CEVA Logistics is pleased to announce the launch in India of a specialist installation service for large-scale medical equipment using its own dedicated team of engineers and technicians. CEVA’s expert team will be responsible for u...

CEVA acquires CMA CGM’s freight management activities

CEVA Logistics has acquired CMA CGM’s freight management activities for $105 million as part of a strategic partnership and expects to close the deal in the second quarter of 2019. CMA CGM is a major shareholder in CEVA and in October, it increased its stake from 24.99 per cent to 33 per cent o...

CEVA Logistics reports Q3 results impacted by Italian logistics business

CEVA Logistics has reported that its third quarter (Q3) results were impacted by its Italian contract logistics business with adjusted EBITDA (earnings before interest, tax, depreciation and amortization) falling year-on-year (YOY). EBITDA was down in Q3 YOY by 35.3 per cent to $55 million and ye...

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