CEVA Logistics

CEVA Logistics is a global logistics and supply chain company in both freight management and contract logistics with US$16 billion in revenues. Its head office is in Marseille, France, and it was founded in 2007, as a merger of TNT Logistics and EGL Eagle Global Logistics for a reported approximate cost of US$2 billion.[1] After the merger, CEVA Logistics became the 4th largest global third party logistic (3PL) company.[2]

CEVA Logistics
TypeSubsidiary
IndustryLogistics
PredecessorTNT Logistics, EGL Eagle Global Logistics
Founded2007
HeadquartersMarseille,
France
Number of locations
800 locations
Area served
Worldwide
OwnerGroup CMA CGM
Number of employees
98,000
Websitecevalogistics.com

In 2007 Ceva Logistics invested in Eagle Global Logistics (EGL). In 2008, the company acquired Spedimacc, a logistics firm specialising in the transport of fragile and valuable goods and helped Ceva Logistics reach 20% of the Italian market.[3][4]

In 2021, CEVA had 98,000 employees working in 6 regions operating from 160 countries.[5][6][7]

CEVA Logistics announced plans for an IPO in April 2018. Credit Suisse and Morgan Stanley have already been appointed as bookrunners, with Deutsche Bank, UBS, Berenberg, and HSBC also working on the IPO. CEVA started trading on the SIX Swiss Exchange on 4 May 2018.[7]

CEVA Logistics was acquired by CMA CGM Group, a French container transportation and shipping company. After the takeover, CMA CGM Group held 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, with plans to delist CEVA from the Zurich Stock Exchanges.[8]

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.[9]

In January 2020, Mathieu Friedberg was announced as the CEO of CEVA Logistics.

Midway through June 2020, CEVA Logistics launched a three-part expansion plan for the African market.[10]

In January 2022, CEVA became Scuderia Ferrari's official logistics partner,[11] taking over from UPS after nine years.

In April 2022, CEVA Logistics confirmed the acquisitions of Ingram CLS, Colis Privé and GEFCO, making it one of the world largest 3PLs in both eCommerce and Automotive.

References
  1. Manners-Bell, John (2014). Global Logistics Strategies. London: Kogan Page. ISBN 978-0-7494-7023-4.
  2. Chen, Ivy S. N.; Luk, Sherriff T. K.; Tao, Jinghui (2019). "Kerry Logistics — Paving the New Silk Road". Asian Case Research Journal. World Scientific Pub Co Pte Lt. 23 (01): 153–191. doi:10.1142/s0218927519500068. ISSN 0218-9275.
  3. Maggi, Elena; Mariotti, Ilaria (2010). "Logistics FDI in Italy: integration strategies and motivations". European Transport Research Review. Springer Science and Business Media LLC. 2 (1): 13–24. doi:10.1007/s12544-010-0024-3. ISSN 1867-0717.
  4. 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. Informa UK Limited. 58 (14): 4325–4351. doi:10.1080/00207543.2019.1651945. ISSN 0020-7543.
  5. 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. IOP Publishing. 918 (1): 012199. doi:10.1088/1757-899x/918/1/012199. ISSN 1757-8981.
  6. 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
  7. "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. "CMA CGM successfully completes its public tender offer to acquire CEVA Logistics and confirms its position as a leading worldwide transport and logistics group".
  9. "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
  10. "CEVA Logistics expands in Africa". Global Cargo News. 15 June 2020. Archived from the original on 4 July 2020. Retrieved 2 July 2020.
  11. "Ceva Logistics – a new partner for Ferrari and its racing activities". Ferrari Corporate.


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