Comment / On the wires: CMA CGM running Ceva as 'others could only dream about'? Not yet, but...

“Ceva went through significant and structural changes in the first half of 2019 against a challenging macroeconomic backdrop. We are currently focusing on the turnaround of the company through deep operational changes and on achieving positive free cash flow as early as the fourth quarter 2019.” – Nicolas Sartini, chief executive officer of Ceva Logistics, 31 July 2019.

What’s been done: The focus is, in Ceva’s own words, “on top line improvement with stronger business development structures and stronger contractual protections, a ...