CEVA sees good 2008 results

CEVA Logistics recently announced consolidated revenues of €6.3 billion for the fiscal year 2008 compared to €4.8 billion a year earlier. “In CEVA’s first full year of operating as a combined entity following the merger with EGL in August 2007, it is clear that providing customers with integrated freight management and contract logistics around the […]


CEVA Logistics recently announced consolidated revenues of €6.3 billion for the fiscal year 2008 compared to €4.8 billion a year earlier. “In CEVA’s first full year of operating as a combined entity following the merger with EGL in August 2007, it is clear that providing customers with integrated freight management and contract logistics around the world has benefi ted the Group as it announces record new business wins of€1.7 billion,” the group said.

CEVA said the outlook for the first quarter of 2009 continues to follow the same trends as seen in Q4, 2008. “Over the first two months of 2009, CEVA has continued to see relatively weak overall transaction volumes and reduced freight flows, broadly consistent with the prior quarter (especially in automotive-related sectors), and we expect more of the samefor the remainder of Q1,” it said.