Comment / On the wires: Untangled Ceva Logistics – the cracks are well hidden

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“CEVA Logistics’ turnaround plan is underway and in line with our expectations.” – Rodolphe Saadé, chairman and CEO of CMA CGM, 4 September 2020.

A narrowing material net loss was a major highlight for Ceva Logistics in the first half, yet its trading update was again transitional and more of the same in Q2 ’20, its headline numbers revealed on Friday. Underneath the surface, however, there’s lots going on at the 3PL… just as we near break-even territory at P&L level, right?

-$1m ...

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    Ceva Logistics CMA CGM financial results On the wires trading update