Ceva Logistics has a new king
European FVL power
GXO: SURGINGR: EASY DOES ITDSV: MOMENTUMGXO: TAKEOVER TALKXOM: DOWNGRADEAMZN: UNHARMEDEXPD: WEAKENEDPG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BADXOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUT
GXO: SURGINGR: EASY DOES ITDSV: MOMENTUMGXO: TAKEOVER TALKXOM: DOWNGRADEAMZN: UNHARMEDEXPD: WEAKENEDPG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BADXOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUT
Hoofddorp, the Netherlands, 6 May, 2014 ␣ CEVA Holdings LLC, one of the world’s leading non-‐asset based supply chain management companies, today reported results for the first quarter ended 31 March, 2014.
“CEVA continues to show strength in Contract Logistics driven by initiatives the company put in place to increase profitability,” said CEVA CEO Xavier Urbain, who took over as the company’s chief executive in January. “We have not, however, been immune to market conditions that have impacted Freight Management….”
CEVA reported revenue of $1,865 million for the three months ended 31 March 2014, down 8.9% year-‐on year, as continuing weakness in Airfreight and Oceanfreight overall impacted Freight Management performance, where revenues decreased 11.5% compared to the same period last year.
Comment on this article