CEVA Logistics
{{Short description|Global logistics and supply chain company}}
{{Infobox company
| name = CEVA Logistics
| logo = CEVA Logistics New Logo.png
| industry = Logistics
| predecessor = TNT Logistics, EGL Eagle Global Logistics
| founded = 2007
| type = Subsidiary
| hq_location = Marseille
| hq_location_country = France
| num_locations = 1300 locations
| area_served = Worldwide
| key_people = Mathieu Friedberg, CEO
| revenue = US$18.7B
| revenue_year =
| owner = Group CMA CGM
| num_employees = 110,000
| homepage = {{URL|https://www.cevalogistics.com/en|cevalogistics.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.{{Cite web |last=Molga |first=Paul |date=October 26, 2018 |title=Avec Ceva, CMA CGM se renforce dans la logistique terrestre |url=https://www.lesechos.fr/industrie-services/services-conseils/avec-ceva-cma-cgm-se-renforce-dans-la-logistique-terrestre-143047 |website=lesechos.fr}}{{cite book |last=Manners-Bell |first=John |title=Global Logistics Strategies |date=2014 |publisher=Kogan Page |isbn=978-0-7494-7023-4 |publication-place=London |page=}} After the merger, CEVA Logistics became the 4th largest global third party logistic (3PL) company.{{cite journal |last=Chen |first=Ivy S. N. |last2=Luk |first2=Sherriff T. K. |last3=Tao |first3=Jinghui |year=2019 |title=Kerry Logistics — Paving the New Silk Road |journal=Asian Case Research Journal |publisher=World Scientific Pub Co Pte Lt |volume=23 |issue=01 |pages=153–191 |doi=10.1142/s0218927519500068 |issn=0218-9275}} Since 2014, CEVA Logistics underwent various business transformations before its IPO in 2018.{{Cite web |last=Port Technology Team |date=November 26, 2018 |title=CEVA Logistics Unveils Transformation Plan |url=https://www.porttechnology.org/news/ceva_logistics_unveils_transformation_plan/ |website=porttechnology.org}}
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.{{cite web |date=2016-12-04 |title=Third-Party Logistics Market in China 2017-2021 |url=http://www.technavio.com/report/china-logistics-third-party-logistics-market-china-2017-2021 |archiveurl=https://web.archive.org/web/20170211004748/http://www.technavio.com/report/china-logistics-third-party-logistics-market-china-2017-2021 |archivedate=2017-02-11 |accessdate=2023-10-03 |work=Logistics |publisher=Technavio |quote=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}}
In 2018, CEVA Logistics was listed on the SIX Swiss Stock Exchange.{{Cite web |date=May 4, 2018 |title=Ceva Logistics Completes IPO, Shares Traded on SIX Swiss Exchange |url=https://www.ttnews.com/articles/ceva-logistics-completes-ipo-shares-traded-six-swiss-exchange |website=ttnews.com}}{{Cite web |title=CEVA Logistics AG: CEVA celebrates first day of trading on SIX Swiss Exchange - dgap.de |url=http://www.dgap.de/dgap/News/corporate/ceva-logistics-ceva-celebrates-first-day-trading-six-swiss-exchange/?newsID=1070675 |access-date=2018-06-14 |website=www.dgap.de |publisher=EQS Group AG |location=Munich, Germany}} 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.{{cite journal |last=Maggi |first=Elena |last2=Mariotti |first2=Ilaria |year=2010 |title=Logistics FDI in Italy: integration strategies and motivations |url=https://www.openaccessrepository.it/record/24387/files/fulltext.pdf |archive-url=https://web.archive.org/web/20231115104115/https://www.openaccessrepository.it/record/24387/files/fulltext.pdf |url-status=dead |archive-date=November 15, 2023 |journal=European Transport Research Review |publisher=Springer Science and Business Media LLC |volume=2 |issue=1 |pages=13–24 |doi=10.1007/s12544-010-0024-3 |issn=1867-0717 |doi-access=free}}{{cite journal |last=Yazdani |first=Morteza |last2=Pamucar |first2=Dragan |last3=Chatterjee |first3=Prasenjit |last4=Chakraborty |first4=Shankar |date=2019-08-13 |title=Development of a decision support framework for sustainable freight transport system evaluation using rough numbers |journal=International Journal of Production Research |publisher=Informa UK Limited |volume=58 |issue=14 |pages=4325–4351 |doi=10.1080/00207543.2019.1651945 |issn=0020-7543}}
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.{{Cite web |last=Crozel |first=Jean-Luc |date=10 April 2019 |title=Marseille : CMA CGM boucle le rachat de Ceva et change de taille |url=https://www.laprovence.com/article/edition-marseille/5451294/cma-cgm-boucle-le-rachat-de-ceva-et-change-de-taille.html |website=laprovence.com}}
In 2020, the company acquired AMI Worldwide, a logistics solutions provider in Africa, offering connections with India, the Middle East, and China.{{Cite web |date=28 May 2020 |title=Ceva Logistics (CMA CGM) rachète AMI Worldwide |url=https://www.africabusinessplus.com/fr/804520/ceva-logistics-cma-cgm-rachete-ami-worldwide/ |website=Africabusiness+}}{{cite news |date=15 June 2020 |title=CEVA Logistics expands in Africa |url=https://www.globalcargonews.com/ceva-logistics-expands-in-africa |url-status=dead |archive-url=https://web.archive.org/web/20200704085820/https://www.globalcargonews.com/ceva-logistics-expands-in-africa |archive-date=4 July 2020 |accessdate=2 July 2020 |publisher=Global Cargo News}}
In 2021, CEVA had 98,000 employees working in 6 regions operating from 160 countries.{{cite journal |last=Suldina |first=Galina |last2=Sulyagina |first2=Julia |last3=Eroshkin |first3=Sergey |last4=Sorokina |first4=Anastasia |date=2020-09-01 |title=Specifics of global governance in transnational transport corporations |journal=IOP Conference Series: Materials Science and Engineering |publisher=IOP Publishing |volume=918 |issue=1 |page=012199 |doi=10.1088/1757-899x/918/1/012199 |issn=1757-8981 |doi-access=free}}{{citation |last=Scott |first=Chaunda L. |title=Handbook of Research on Workforce Diversity in a Global Society: Technologies and Concepts: Technologies and Concepts |page=306 |year=2012 |url=https://books.google.com/books?id=nH6WjbpeuzcC |publisher=IGI Global |isbn=978-1-4666-1813-8}}
In 2022, CEVA Logistics finalized the acquisition of the Ingram Micro Commerce & Lifecycle Services (CLS),{{Cite web |date=8 December 2021 |title=L'armateur CMA CGM va devenir "un acteur clé de l'e-commerce" grâce à une grosse acquisition ! |url=https://www.capital.fr/entreprises-marches/larmateur-cma-cgm-va-devenir-un-acteur-cle-de-le-commerce-grace-a-une-grosse-acquisition-1422350 |website=Capital}} Colis Privé,{{Cite web |date=1 February 2022 |title=CMA CGM rachète Colis Privé pour accélérer dans le e-commerce |url=https://www.usinenouvelle.com/article/cma-cgm-rachete-colis-prive-pour-accelerer-dans-le-e-commerce.N1779492 |website=L'usine nouvelle}} GEFCO{{Cite web |date=1 April 2022 |title=CMA CGM en passe de racheter le transporteur français Gefco, détenu à 75 % par la société des chemins de fer russes |url=https://www.lemonde.fr/economie/article/2022/04/01/cma-cgm-en-passe-de-racheter-le-logisticien-gefco_6120189_3234.html |website=Le Monde}} and Spedag Interfreight.{{Cite web |date=26 August 2022 |title=Ceva Logistics s’offre Spedag Interfreight East Africa |url=https://supplychainmagazine.fr/nl/2022/3601/ceva-logistics-soffre-spedag-interfreight-east-africa-703826.php |website=Supply Chaine Magazine}}
In 2022, CEVA Logistics announced a partnership with Ferrari as its official logistics partner,{{Cite web |date=8 April 2022 |title=Logistique : CMA CGM officialise le rachat de Gefco |url=https://www.lesechos.fr/industrie-services/tourisme-transport/logistique-cma-cgm-officialise-le-rachat-de-gefco-1399414 |website=Les Échos}} providing logistics support services for the Scuderia Ferrari cars and equipment for Grand Prix events, GT racing series, and other Ferrari Challenge events.{{Cite web |date=26 January 2024 |title=Scuderia Ferrari Extends Partnership With Team Partner CEVA Logistics |url=https://www.ferrari.com/en-EN/formula1/articles/scuderia-ferrari-extends-partnership-with-team-partner-ceva-logistics}}
References
{{reflist}}
External links
- {{Official website|https://www.cevalogistics.com/en}}
Category:Apollo Global Management companies
Category:Logistics companies of the Netherlands
Category:Logistics companies of France