Turnover at Ceva Logistics fell 6% in the first three months of 2013, while its profit halved as the company continued with its cost reduction measures. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell to €31m (£26m), compared to €66m in the first quarter of 2012. Global turnover fell to €1.6bn, compared to €1.7bn in the same three months a year ago. Ceva CEO Marvin Schlanger said: “The weak economic conditions impacting the global logistics industry continued to […]
Framptons Transport Services was in rude financial health when it was acquired by Gregory Distribution earlier this year, according to its most recent filing at Companies House.
Clipper Logistics Group has revealed plans to float on the London Stock Exchange (LSE) this year in a bid to raise funds to support it’s growth strategy.
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 […]