Third party logistics provider CEVA Logistics has renewed a global freight management contract with a major technology customer with added services in air and ocean freight, estimating the contract to exceed $100 million of revenue over the next twelve months. CEVA has been working with the customer for over 10 years. “We are proud to…
CEVA Logistics has started the process of repaying debt following its recent flotation on the Swiss Six exchange which raised CHF 1.2 billion (£890m). The group expects to either repay or refinance the majority of its debt over the coming months – its balance sheet at 31st December shows long term borrowings of some $2.2bn…
CEVA Logistics has raised CHF 1.2 billion (£890 million) as a result of its flotation on the SIX Swiss Exchange in Zurich. Chief executive Xavier Urbain said: “Our aim was to raise 1.2 Bn CHF through the all-primary IPO to strengthen the balance sheet of our company – this objective is 100 per cent achieved….
Hakan Bicil wird mit Wirkung zum 1. September dieses Jahres als CEO der Imperial Logistics International B.V. & Co. KG das internationale Geschäft von Imperial Logistics führen. Er folgt auf dieser Position Carsten Taucke, der im November vergangenen Jahres seinen Rückzug aus der Geschäftsführung angekündigt hatte. Hakan Bicil war zuletzt Chief Commercial Officer bei Ceva…
CMA CGM, ein weltweit führendes maritimes Transportunternehmen, gibt die Vereinbarung über den Erwerb einer Beteiligung von fast 25 Prozent an der Ceva Logistics AG (CEVA) bekannt. CMA CGM hat sich verpflichtet, Wandelanleihen von Ceva für einen geschätzten Betrag zwischen 380 und 450 Millionen CHF zu zeichnen. Diese Wertpapiere können in Ceva-Stammaktien umgewandelt werden, sobald alle…
The CMA CGM shipping company is about to acquire an equity stake of nearly 25 per cent of Ceva Logistics. CMA CGM has committed to subscribe for mandatory convertible securities of Ceva in an estimated amount between 380 and 450 million CHF (EUR 316 – 375 million). “These securities will be convertible into CEVA common…
Die Containerreederei CMA CGM steht vor dem Erwerb einer Beteiligung von fast 25 Prozent an Ceva Logistics. Man habe sich zur Zeichnung von Ceva-Wandelanleihen für einen geschätzten Betrag zwischen 380 und 450 Mio. CHF (316 und 375 Mio. Euro) verpflichtet. „Diese Wertpapiere können in Ceva-Stammaktien umgewandelt werden, sobald alle erforderlichen behördlichen Genehmigungen vorliegen“, schreibt die…
Shipping line CMA CGM is to acquire a 25 per cent state in CEVA Logistics as part of the planned flotation of the CEVA business on the SIX Swiss exchange. The deal will enable the container line to grow its presence in the logistics market. As a result of the investment CMA CGM will nominate…
Kürzere Lieferzeiten und eine höhere Ersatzteilverfügbarkeit – das sind die Vorteile durch den Umzug und die Erweiterung des Jungheinrich-Regionallagers unweit der slowakischen Hauptstadt Bratislava. Bereits seit mehr als zehn Jahren betreibt Jungheinrich ein Ersatzteillager in der Region. Seit April werden vom neuen Standort aus Jungheinrich-Kunden in Österreich, Tschechien, Slowenien, Polen, Ungarn, der Slowakei sowie der…
ITP Aero, part of the Rolls Royce group, has renewed its logistics contract with CEVA for an additional five years. The company, which is based in Spain, is the ninth largest aircraft engine and components company in the world. It also provides engineering, research and development, manufacture, assembly and testing of aeronautical engines and gas…
Ceva Logistics yesterday announced its intention to conduct an initial public offering (IPO) and to list its shares on SIX Swiss Exchange. The proposed IPO is expected to consist of an all primary offering in the amount of approximately CHF 1.3 billion. The objective of the IPO is to accelerate the execution of the Company’s…
Ceva Logistics hat kürzlich seinen Börsengang (IPO) angekündigt will die Aktien an der SIX Swiss Exchange platzieren. Der geplante Börsengang wird voraussichtlich aus einem Primärangebot in Höhe von rund 1,3 Mrd. Schweizer Franken bestehen. Ziel dieses Schrittes an die Börse ist es, die Strategie für Wachstum und Margenausbau des Unternehmens durch Stärkung der Bilanz zu…
CEVA Logistics has unveiled plans for raise CHF 1.3 billion (£960 million) through an initial public offering on SIX, the Swiss stock market. The IPO, which is planned for the second quarter of 2018, is intended to strengthen the company’s balance sheet and enable it to accelerate its expansion plans. Chief executive Xavier Urbain said:…
CEVA increased adjusted EBITDA by 9.3 per cent to $280 million last year, on revenue up 5.2 per cent at $7 billion. Chief executive Xavier Urbain said: “Our Excellence Program has delivered important cost savings and has supported much better profits despite market headwinds. At the same time, revenue growth across Contract Logistics and Freight…
CEVA Logistics has named Eddie Aston managing director, UK, Ireland and Nordics, to take over from Michael O’Donoghue who has been promoted to head of CEVA’s North America cluster. Eddie Aston. Aston joins from Northgate the commercial van hire and leasing organisation where he was UK managing director. He has extensive experience in supply chain…
Colgate-Palmolive has extended its warehousing contract in Malaysia with CEVA Logistics. The new three -year deal involves CEVA managing more than 140,000 sq feet of warehousing covering 14,000 pallet positions to deliver distribution, cross border transport to Thailand and Singapore, imports and exports with local clearances and a valued-added Cross-Dock service in Singapore. The contract…
CEVA’s Michael O’Donoghue, CEVA’s managing director of the UK, Ireland and Nordics cluster, is to take over as managing director for North America in the new year. He takes over from Jérôme Lorrain who has been promoted to chief operating officer for freight management. The new role will add air and ocean freight to his…
CEVA Logistics has opened refurbished 132,000 sq ft facility at Redditch for the pharmaceuticals sector. The site now MHRA (Medicines and Healthcare Products Regulatory Agency) approved. The opening of the facility coincides with a new five year warehousing agreement and a three year transport agreement with Nutricia – the provider of medical nutrition. CEVA provides…
SUPPLY CHAIN EXCELLENCE AWARDS 2017 CATEGORY: TRAINING AND SAFETY Winner: British Gypsum with CEVA Logistics Highly commended: New Look with Clipper Shortlisted: British Gypsum with CEVA Logistics New Look with Clipper Miele with CEVA Logistics Royal Commission Yanbu Colleges & Institutes
Verdion is to build two speculative warehouses at iPort Doncaster – one of 120,000 sq ft and one of 60,000 sq ft. The units are due for completion in the third quarter of 2018 in the next phase of speculative development at the 6 million sq ft logistics and rail freight hub. John Clements, European…
Severn Trent has carried off the Overall Winner trophy at the Supply Chain Excellence Awards – fighting off stiff competition from McVities Carlisle, Turkcell Elval, Euro Car Parts and Lesara. The Awards were presented last night at a glittering gala dinner at the Park Lane Hilton in London. The Overall Award is chosen from the…
CEVA increased its EBITDA by 13 per cent to $85 million in the third quarter on turnover up 5.4 per cent to $1.8bn. Chief executive Xavier Urbain said: “We have been able to offset on-going market volatility in air and ocean freight. Our procurement and pricing strategy has enabled us to protect yields sequentially. Contract…
It’s the supply chain night of the year – The Supply Chain Excellence Awards will be hosted by Sara Pascoe at the Hilton Park Lane tonight when the winners will be revealed in front of more than 600 industry leaders. Celebrate true supply chain excellence from around the world, and take the opportunity to network…
CEVA Logistics (UK) has acquired 120 new vehicles from Dawsonsrentals to expand its fleet. In Autumn, CEVA will introduce a series of Iveco Stralis tractor units into its operation. The 44 tonne gross vehicle weight vehicles all have sleeper cabs. “We believe that our customers’ deliveries should be undertaken using the most modern and efficient…
Retail giant Carrefour has picked CEVA to handle deliveries to stores in Paris. The logistics company will handle the delivery of soft drinks and dried products to nearly 60 stores daily. CEVA will also be responsible for reverse logistics for Carrefour including removing packaging and cartons post-delivery. “Key to the success is to understand the…
CEVA Logistics has opened a 15,000 square foot temperature-controlled facility at its Dublin warehouse to handle medical products in the 15-25 degree range. The new building has been constructed as an insulated building-within-a-building on the city’s airport industrial park Gary O’Connor, managing director Ireland, said: “This new addition to our service offering will enable us…
A record 88 entries have been shortlisted for the 21st Supply Chain Excellence Awards. And the standard of the entries was higher than ever, giving the judges a tough task in deciding who should be shortlisted. The shortlisted companies will now go through to the presentation stage. Each entrant is invited to give a presentation…
CEVA increased adjusted EBITDA by five per cent to $124 million in the first half of 2017, while sales were up 2.6 per cent at $3.3 billion. In the second quarter, the Freight Management division achieved revenue growth of 8.8 per cent YoY in constant currency. Air freight volumes were up 15.6 per cent and…
Ceva Logistics has won a five-year contract renewal with UK Power Networks. It will manage the company’s warehousing and distribution of cabling, plant and associated materials. The logistics company will distribute electrical cables and plant items including pole mounts, transformers and packaged sub-stations. As well as this, it will handle the disposal of dumb meters…
Ceva Logistics has been awarded a three-year warehousing and distribution contract with assisted living products company Oak Tree Mobility. The logistics business will handle the collation of customer purchases and the delivery, set-up and fulfilment of the orders from its Daventry warehouse. “Many of our processes were previously manual,” states Oak Tree’s Operations Director Carly…
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