CEVA Holdings LLC (CEVA), one of the world’s leading asset-light based supply chain management companies, reported results for the first quarter 2016 ended 31 March 2016 with an EBITDA up 15.7 per cent in constant currency against revenue drop of 5.3 per cent in face of what it said were "persistent market headwinds and rate decreases”. Freight Management saw an EBITDA of US$10 million, reflecting a YoY increase of 57.1 per cent in constant currency with a rise in air freight volumes of 1.5 per … [Read more...] about CEVA maintains forward momentum against "persistent" headwinds
CEVA
CEVA maintains forward momentum against “persistent” headwinds
CEVA Holdings LLC (CEVA), one of the world’s leading asset-light based supply chain management companies, reported results for the first quarter 2016 ended 31 March 2016 with an EBITDA up 15.7 per cent in constant currency against revenue drop of 5.3 per cent in face of what it said were "persistent market headwinds and rate decreases”. Freight Management saw an EBITDA of US$10 million, reflecting a YoY increase of 57.1 per cent in constant currency with a rise in air freight volumes of 1.5 … [Read more...] about CEVA maintains forward momentum against “persistent” headwinds
Singapore Changi Airport goes community route for CEIV Pharma
Changi Airport Group (CAG) announced today that it will be the first airport in Asia to launch a community of cargo partners whom it will support to pursue the attainment of the International Air Transport Association’s (IATA) Center of Excellence for Independent Validators on Pharmaceutical Handling (CEIV Pharma) certification – strengthening Changi’s capabilities to handle pharmaceutical cargo. The move follows the very successful pioneering work of Brussels Airport to undertake the community … [Read more...] about Singapore Changi Airport goes community route for CEIV Pharma
Respectable results in a tough year show strength of strategy: CEVA
Ceva has posted a stable revenue (at constant currency) for the financial year 2015 ended 31 December 2015, compared to a year earlier, down half a per cent to US$6.96 billion while EBITDA rose 22.2 per cent (constant currency) to US$272 million, reflecting the companies new strategy implemented in 2015. "In light of market headwinds, CEVA’s strong performance in 2015 is the result of across-the-board improvements and we have identified opportunities to ensure our business remains resilient,” … [Read more...] about Respectable results in a tough year show strength of strategy: CEVA
CEVA opens new multi-user warehouse in Malaysia
CEVA Logistics has opened its Central Distribution Center (CDC) 2 at Shah Alam, Malaysia, 25km from Kuala Lumpur. Constructed on the same site as CEVA’s CDC1 at Bukit Jelutong, Shah Alam, CDC2 offers 33,000 sqm of additional warehousing and office space. The combined warehouse footprint of the new CDC2 and the existing CDC1 now totals approximately 67,000 sqm, making it the largest site in CEVA’s Southeast Asia (SEA) cluster, which comprises Singapore, Malaysia and Indonesia. CEVA’s … [Read more...] about CEVA opens new multi-user warehouse in Malaysia
CEVA opens new regional HQ, excellence centre in Brazil
CEVA Logistics has opened its new headquarters for South America in Sao Paulo, Brazil and also launched its fourth Center of Logistics Excellence joining Jacksonville (US), Singapore and Ashby de la Zouch (UK). The new headquarters, located in São Paulo, will bring together operational and back-office functions under one roof. Richard Vieites, EVP South America, said: “This is an important strategic step for CEVA in the region as we consolidate our presence and prepare for continued growth. … [Read more...] about CEVA opens new regional HQ, excellence centre in Brazil