CEVA’s new boss has some work to do, according to this analysis from Ti. “Fundamentally the business cannot handle its debt unless it improves its level of profitability,” it notes. While the contract logistics business has improved, in line with many other LSPs, freight forwarding, especially airfreight, is taking its toll. Can former K+N executive Xavier Urbain turn it all around? There has also been no word from the company on an appointment for the president Americas role, which retiring Marvin Schlanger had taken on in addition to his jobs as chairman and CEO.
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