CEVA turns a corner despite fall in revenue

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Transport Intelligence has taken a look at CEVA’s results. Although the company made a loss of $59m for the second quarter and $215m for the first half, it said it was “turning the corner” and had seen volume growth. Its contract logistics business saw flat profits despite falling revenue, as it cut lower-margin business. The spate of recent management changes was noted by CEO Xavier Urbain, who said he was “especially pleased with the progress made in rebuilding the leadership team”.