The chief executive of Ceva Logistics has said reporting a 22% year-on-year fall in profit “simply isn’t good enough” as it continues with further cost-cutting measures. For the year-ending 31 December 2012 the Ashby-de-la-Zouch based logistics company saw global turnover rise 4.8% to €7.2bn (£6.1bn) but did say that if it had not been adjusted at constant currency rates, revenue would have remained flat. However, EBITDA (earnings before interest, taxes, depreciation, and amortisation) fell 21.8% to €251m (£213m) compared to […]
Ceva Logistics has appointed Brett Bissell as chief operating officer for its contract logistics division.
A harsh economic climate, growing costs and rising customer resistance to rates increases all left Gloucestershire-based haulier CM Downton struggling to raise its profit level significantly, despite a 13.8% increase in turnover in the year to the end of June 2012.
Howard Tenens Logistics saw its profits hit as a result of losses made by its subsidiary, Howard Tenens (West London) after two major customers’ volumes dropped by up to 90%.