Rivals await the fallout as internal politics hamper Ceva/Bolloré integration
Executives are not happy within Ceva Logistics: the integration with Bolloré Logistics, announced last week ...
GM: AUTO WOES HERE TO STAY WMT: FULFILMENT AND MARKETPLACE APPEAL RXO: DOWN TO NEW EQUITY PRICING VALUEAMZN: UK DATA CENTRES INVESTMENTUPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPO
GM: AUTO WOES HERE TO STAY WMT: FULFILMENT AND MARKETPLACE APPEAL RXO: DOWN TO NEW EQUITY PRICING VALUEAMZN: UK DATA CENTRES INVESTMENTUPS: GERMAN BOLT-ON DEALAAPL: PAY YOUR DUESWTC: LOST FOR WORDS DSV: STEADY DOES ITRXO: COYOTE EQUITY FUNDING 'UPSIZED'RXO: RIGHTS ISSUEGXO: DEFENSIVEMAERSK: MSC RIVALRY INTENSIFIESWTC: REMARKABLY STRONG BA: LABOUR DEALFDX: NEW PARTNERATSG: RIVAL IPO
Due to Coronavirus (COVID-19) pandemic, CEVA Logistics has been forced to declare Force Majeure.
This means that it is temporarily relieved of its normal contractual obligations where these are rendered impossible or impracticable, due to the Coronavirus epidemic and its effects.
Having declared Force Majeure, CEVA Logistics reserves the right to modify all or part of its services, to change its working procedures and any previously agreed rates and prices, to levy surcharges, or otherwise to take any measures necessary to adjust its business operations and its obligations to its customers, suppliers and other stakeholders, in response to the prevailing circumstances.
This announcement applies to all CEVA Services, including (but not limited to) its Air Freight, Ocean Freight, Ground Freight, Rail, Customs brokerage and Contract Logistics services.
Please rest assured that this step has only been taken due to the exceptional circumstances in which CEVA Logistics is currently operating. CEVA is continuously monitoring the situation and will provide further updates as and when these become available.
You can read more about it here.
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