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 signed a €16.9m contract renewal with canned fish manufacturer John West, following a successful five-year relationship. The Leicestershire-based logistics firm will continue to provide UK supply chain operations, including collecting cleared cargo from the port of Felixstowe for onward transportation to Ceva’s’s shared-user facility in Mendlesham. Ceva will also provide customs clearance services and warehousing for John West, as well as managing all road transportation across the UK. Matthew Carroll, regional director, consumer and retail at Ceva, […]
Adjusted EBITDA at Ceva Logistics doubled to $80m (£51.6m) during the second quarter of 2013 as it continues to restructure its balance sheet and experience more growth in the UK.
Palletline, The Pallet Network (TPN) and Gazeley are set to exhibit at next month’s Multimodal for the first time, joining some of the UK’s largest operators.