CEVA Logistics

CEVA Logistics
Company typeSubsidiary
IndustryLogistics
PredecessorTNT Logistics, EGL Eagle Global Logistics
Founded2007
HeadquartersMarseille,
France
Number of locations
1300 locations
Area served
Worldwide
Key people
Mathieu Friedberg, CEO
RevenueUS$18.7B
OwnerGroup CMA CGM
Number of employees
110,000
Websitecevalogistics.com

CEVA Logistics is a global logistics and supply chain company that operates both freight management and contract logistics. It was purchased by the CMA CGM group in 2019. Since this purchase, CMA CGM has acquired other logistics and transportation companies to merge with and develop CEVA Logistics, such as Ingram Micro Commerce & Lifecycle Services and GEFCO.

History

Ceva Logistics was founded in 2007, as a merger of TNT Logistics and EGL Eagle Global Logistics.[1][2] After the merger, CEVA Logistics became the 4th largest global third party logistic (3PL) company.[3] Since 2014, CEVA Logistics underwent various business transformations before its IPO in 2018.[4]

In 2016, 3PL revenues in China amounted to US$166.7 billion. Research firm Technavio positioned Ceva Logistics as the 4th largest firm with gross revenues of US$1.2 billion, net revenues of US$706 million and 1% of total market share.[5]

In 2018, CEVA Logistics was listed on the SIX Swiss Stock Exchange.[6][7] The company acquired also Spedimacc, a logistics firm specialising in the transport of fragile and valuable goods and helped Ceva Logistics reach 20% of the Italian market.[8][9]

In March 2019, CEVA Logistics was acquired by the French group CMA CGM, the world's third-largest container transportation and shipping company, to complete its service range with activities in logistics. CEVA’s headquarters moved from Switzerland to Marseille, France.[10]

In 2020, the company acquired AMI Worldwide, a logistics solutions provider in Africa, offering connections with India, the Middle East, and China.[11][12]

In 2021, CEVA had 98,000 employees working in 6 regions operating from 160 countries.[13][14][7]

In 2022, CEVA Logistics finalized the acquisition of the Ingram Micro Commerce & Lifecycle Services (CLS),[15] Colis Privé,[16] GEFCO[17] and Spedag Interfreight.[18]

In 2022, CEVA Logistics announced a partnership with Ferrari as its official logistics partner,[19] providing logistics support services for the Scuderia Ferrari cars and equipment for Grand Prix events, GT racing series, and other Ferrari Challenge events.[20]

References

  1. ^ Molga, Paul (October 26, 2018). "Avec Ceva, CMA CGM se renforce dans la logistique terrestre". lesechos.fr.
  2. ^ Manners-Bell, John (2014). Global Logistics Strategies. London: Kogan Page. ISBN 978-0-7494-7023-4.
  3. ^ Chen, Ivy S. N.; Luk, Sherriff T. K.; Tao, Jinghui (2019). "Kerry Logistics — Paving the New Silk Road". Asian Case Research Journal. 23 (01). World Scientific Pub Co Pte Lt: 153–191. doi:10.1142/s0218927519500068. ISSN 0218-9275.
  4. ^ Port Technology Team (November 26, 2018). "CEVA Logistics Unveils Transformation Plan". porttechnology.org.
  5. ^ "Third-Party Logistics Market in China 2017-2021". Logistics. Technavio. 2016-12-04. Archived from the original on 2017-02-11. Retrieved 2023-10-03. This market research study identifies CEVA Logistics, China COSCO, China Logistics, and CMA CGM as the leading players in the third-party logistics market in China
  6. ^ "Ceva Logistics Completes IPO, Shares Traded on SIX Swiss Exchange". ttnews.com. May 4, 2018.
  7. ^ a b "CEVA Logistics AG: CEVA celebrates first day of trading on SIX Swiss Exchange - dgap.de". www.dgap.de. Munich, Germany: EQS Group AG. Retrieved 2018-06-14.
  8. ^ Maggi, Elena; Mariotti, Ilaria (2010). "Logistics FDI in Italy: integration strategies and motivations" (PDF). European Transport Research Review. 2 (1). Springer Science and Business Media LLC: 13–24. doi:10.1007/s12544-010-0024-3. ISSN 1867-0717.
  9. ^ Yazdani, Morteza; Pamucar, Dragan; Chatterjee, Prasenjit; Chakraborty, Shankar (2019-08-13). "Development of a decision support framework for sustainable freight transport system evaluation using rough numbers". International Journal of Production Research. 58 (14). Informa UK Limited: 4325–4351. doi:10.1080/00207543.2019.1651945. ISSN 0020-7543.
  10. ^ Crozel, Jean-Luc (10 April 2019). "Marseille : CMA CGM boucle le rachat de Ceva et change de taille". laprovence.com.
  11. ^ "Ceva Logistics (CMA CGM) rachète AMI Worldwide". Africabusiness+. 28 May 2020.
  12. ^ "CEVA Logistics expands in Africa". Global Cargo News. 15 June 2020. Archived from the original on 4 July 2020. Retrieved 2 July 2020.
  13. ^ Suldina, Galina; Sulyagina, Julia; Eroshkin, Sergey; Sorokina, Anastasia (2020-09-01). "Specifics of global governance in transnational transport corporations". IOP Conference Series: Materials Science and Engineering. 918 (1). IOP Publishing: 012199. doi:10.1088/1757-899x/918/1/012199. ISSN 1757-8981.
  14. ^ Scott, Chaunda L. (2012), Handbook of Research on Workforce Diversity in a Global Society: Technologies and Concepts: Technologies and Concepts, IGI Global, p. 306, ISBN 978-1-4666-1813-8
  15. ^ "L'armateur CMA CGM va devenir "un acteur clé de l'e-commerce" grâce à une grosse acquisition !". Capital. 8 December 2021.
  16. ^ "CMA CGM rachète Colis Privé pour accélérer dans le e-commerce". L'usine nouvelle. 1 February 2022.
  17. ^ "CMA CGM en passe de racheter le transporteur français Gefco, détenu à 75 % par la société des chemins de fer russes". Le Monde. 1 April 2022.
  18. ^ "Ceva Logistics s'offre Spedag Interfreight East Africa". Supply Chaine Magazine. 26 August 2022.
  19. ^ "Logistique : CMA CGM officialise le rachat de Gefco". Les Échos. 8 April 2022.
  20. ^ "Scuderia Ferrari Extends Partnership With Team Partner CEVA Logistics". 26 January 2024.

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