Ceva Logistics has postponed its proposed float on the New York Stock Exchange (NYSE) as it looks to restructure its balance sheet and stem its shrinking profits. In May 2011, Ceva, which is owned by affiliates of Apollo Global Management, revealed its intentions to file for an initial public offering (IPO) on the NYSE. However, yesterday it reported a 22% fall in annual pre-tax profit which its chief executive Marvin Schlanger labelled “not good enough”. Speaking to MotorTransport.co.uk, Rubin McDougal, chief […]
Polaris Logistics & Distribution takes delivery of five height-adjustable trailers from Schmitz Cargobull
Logistics firm Polaris Logistics & Distribution has taken delivery of five new S.CS Mega curtainside trailers after being impressed with their flexibility and fuel economy.
UPN has hailed the “significant progress” it made last year, after turnover grew by almost 4% to £9.9m.
Ceva Logistics has renewed its contract with newspaper publishers Trinity Mirror for five years, building on a ten-year relationship between the two parties. As part of the contract Ceva makes 33,000 deliveries of the Daily Mirror and Sunday Mirror to Trinity Mirror’s wholesaler network each year. Jon Evans, Ceva’s senior general manager for business development, consumer, retail and media, says: “We are delighted to extend the relationship based on our proven and consistent levels of performance. “By identifying significant improvement […]