Ceva Logistics has launched its new operating model

Full year total new business up 14% compared to 2013, with total Ocean Freight wins up 30% and total Air Freight wins up 14% in 2014

On 1 January, 2015, Ceva Logistics implemented its new operating model, announced in late 2014, eliminating region-based structures globally, and moving to an innovative structure. It supports the global business lines with 17 local geographic clusters of countries featuring uniform governance and business rules.

The new model increases the responsibility of local leadership – those who are closest to the market and to the customer – allowing for faster decision-making in support of our customers and greater agility and responsiveness to emerging and established market opportunities.  It also enables the Company to quickly identify and invest in new capabilities to better serve its customers and differentiate from the competition. The transformation is expected to generate annual savings of USD 50 million to USD 60 million with a one-time cost of approximately USD 30 million that has been booked as a specific item.

Entering 2015, the Company’s new business pipeline is up significantly for both Freight Management and Contract Logistics.  Total new business wins for 2014 were up 14% year-over-year.  Total Freight Management wins were up 18% year-over-year, with Ocean Freight wins up 30% year-over-year and Air Freight wins showing growth of 14% year-over-year.  Total Contract Logistics wins were up two percent year-over-year.

www.cevalogistics.com