Air Freight and Logistics
Company Overview of CEVA Holdings LLC
CEVA Holdings LLC, together with its subsidiaries, designs, implements, and operates end-to-end freight management and contract logistics solutions for multinational and large and medium sized companies worldwide. The company operates in two segments, Freight Management and Contract Logistics. The Freight Management segment provides international air, ocean, and domestic freight forwarding, as well as customs brokerage, deferred air and pickup and delivery, and other value-added services. The Contract Logistics segment offers inbound logistics, manufacturing support, outbound/distribution logistics, and aftermarket/reverse logistics services. The company primarily serves the automotive, cons...
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Key Executives for CEVA Holdings LLC
Chairman and Interim President of Americas
Chief Operating Officer of Global Airfreight & Ocean Freight
Compensation as of Fiscal Year 2014.
CEVA Holdings LLC Key Developments
CEVA Holdings LLC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 14 14
CEVA Holdings LLC reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, loss attributable to equity holders of the company was $90 million compared to $50 million for the same quarter ended September 30, 2013. Revenue was $1.99 billion compared to $2.02 billion for the same quarter ended September 30, 2013.
For the nine months, loss attributable to equity holders of the company was $305 million compared to $6 million for the same period ended September 30, 2013. Revenue was $5.83 billion, compared to $6.13 billion for the same period ended September 30, 2013.
CEVA Logistics Renews Contract with L'oreal in Indonesia
Oct 29 14
CEVA Logistics announced a contract renewal and expanded business with L'Oreal in Indonesia. CEVA's partnership with L'Oreal started more than 3 years ago when the company took on the warehouse management of L'Oreal's distribution centers in Bekasi, providing warehousing and distribution services as well as value added services. Under the terms of this renewed contract, CEVA will handle the warehouse management, VAS, traffic management and reverse logistics for L'Oreal's range of beauty products from make-up to hair care and skin care.
CEVA Holdings LLC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 5 14
CEVA Holdings LLC reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $1,978 million declined 4.2% compared to $2,064 million for the same period a year earlier, driven by the prior year’s successful recapitalization, and termination of lower margin business. Second quarter revenues were up 6.1% sequentially compared to the first quarter. Adjusted EBITDA was $60 million was 40% ahead of the previous quarter, and adjusted EBITDA as a percentage of revenue improved from 2.3% to 3.0%, reflecting continuing strength in Contract Logistics and the termination of lower margin business. EBITDA came in 25% lower than in the same period a year earlier as Freight Management revenues were impacted by lower rates in the market. Loss attributable to equity holders of the company was $59 million compared to a profit attributable to equity holders of the company of $191 million a year ago.
For the six months, the company reported loss attributable to equity holders of the company was $215 million compared to a profit attributable to equity holders of the company of $43 million a year ago. Revenue was $3.84 billion compared to $4.11 billion a year ago.
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