User:NDrbs/Draft
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| Company type | Subsidiary |
|---|---|
| Industry | Logistics |
| Predecessor | TNT Logistics, EGL Eagle Global Logistics |
| Founded | 2007 |
| Headquarters | Marseille, France |
Number of locations | 1300 locations |
Area served | Worldwide |
| Revenue | US$18.7B |
| Owner | Group CMA CGM |
Number of employees | 110,000 |
| Website | 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.
In 2022, CEVA Logistics was in more than 170 countries, employed 110,000 people at 1,300 sites, and managed 10.3 million square meters across 900 warehouses. CEVA Logistics has a pro forma 2022 revenue of US$18.7 billion.
History
Origins
Ceva Logistics was founded in 2007, as a merger of TNT Logistics and EGL Eagle Global Logistics.[1]
Ken Thomas founded Thomas Nationwide Transport (TNT) in Australia in 1946, with a single truck. Over the next 50 years, TNT gained a worldwide reputation, particularly in contract logistics.[2]
EGL was created in 1984 in Houston, Texas, and within 15 years, had become a global force in cargo management.[3]
Development and acquisitions
Since 2014, CEVA Logistics underwent various business transformations before its IPO in 2018.[4]
In 2018, CEVA Logistics was listed on the SIX Swiss Stock Exchange.
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.
In 2020, Mathieu Friedberg was appointed CEO of CEVA Logistics. The company acquired AMI Worldwide, a logistics solutions provider in Africa, offering connections with India, the Middle East, and China.
Gartner positions CEVA Logistics in the Leaders corner of the 2021 Magic Quadrant Third-Party Logistics Worldwide.[5]
In 2022, CEVA Logistics finalized the acquisition of the Ingram Micro Commerce & Lifecycle Services (CLS), Colis Privé, GEFCO and Spedag Interfreight.
Partnership with Scuderia Ferrari
In 2022, CEVA Logistics announced a partnership with Ferrari as its official logistics partner, providing logistics support services for the Scuderia Ferrari cars and equipment for Grand Prix events, GT racing series, and other Ferrari Challenge events. CEVA Logistics renewed the Ferrari partnership in 2023 and again in 2024.
Activities
CEVA Logistics operates in the following areas: air freight, ocean freight, ground freight, finished vehicle logistics and contract logistics.
Its clients come from various sectors, including; automotive, healthcare, consumer & retail, eCommerce, technology, energy, trade show logistics, and industrial & aerospace.
References
- ^ Molga, Paul (October 26, 2018). "Avec Ceva, CMA CGM se renforce dans la logistique terrestre". lesechos.fr.
- ^ KW Thomas Now Named Thomas Nationwide Transport Truck & Bus Transportation September 1958 page 80
- ^ Hanford, Desiree J. (Jan 1, 2007). "Houston-based EGL Eagle Global Logistics gets buyout offer". mrt.com.
- ^ Port Technology Team (November 26, 2018). "CEVA Logistics Unveils Transformation Plan". porttechnology.org.
- ^ Pakulniewicz, Michal (7 July 2021). "Gartner's "Magic Quadrant" shows a crowded logistics elite with no visionaries". trans.info.