Ceva Logistics

CEVA Logistics breaks ground on new warehouse in Singapore

Early in May, CEVA Logistics commenced construction works on a new warehouse in Singapore to develop its logistics hub in the region. Joining nearby CEVA sites, including two fully automated warehouses, the new multi-customer warehouse will anchor CEVA’s western Singapore logistics campus.

Located in the established Jurong Industrial Estate in western Singapore, the facility will cover approximately 143,000 square meters, making it one of the largest facilities in the country when fully...

https://container-news.com/ceva-logistics-breaks-ground-on-new-warehouse-in-singapore/

CEVA Logistics announces first low-carbon LCL service between France and Ivory Coast

CEVA Logistics has announced the launch of a low-carbon ocean freight service, which will leverage marine biofuel, between France and Ivory Coast.

The CMA CGM’s logistics arm will commence a new weekly Less Than Container Load (LCL) ocean freight service connecting France’s ports in Rouen, Marseille and Lyon with the port of Abidjan in Ivory Coast.


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According to CEVA, this service directly addresses a dual challenge faced by supply chains:...

https://container-news.com/ceva-logistics-low-carbon-lcl-service-france-ivory-coast/

CEVA Logistics to acquire Turkey’s Borusan Tedarik for US$440 million

CEVA Logistics, the logistics arm of French shipping giant CMA CGM, has signed a binding agreement to acquire 100% of Turkish logistics provider Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi.

The deal, valued at approximately US$440 million, is subject to customary net cash and working capital adjustments. Borusan Holding currently owns 69.47% of Borusan Tedarik, while 30.53% is held by the publicly traded Borusan Yatırım.

The acquisition, which includes Borusan Tedarik’s...

https://container-news.com/ceva-logistics-to-acquire-borusan-tedarik/

Ceva Logistics to acquire logistics provider in Turkey

Ceva Logistics, the world’s fifth-largest logistics service provider by gross revenue and part of France-based CMA CGM Group, announced Saturday it has agreed to acquire Turkey-based Borusan Tedarik for $400 million in cash and debt.

Borusan Tedarik offers contract logistics, finished vehicle logistics, truckload and less-than-truckload service, as well as air and ocean freight management, and customs brokerage. In addition to Turkey, it also has operations in Germany, Bulgaria, Hong Kong and...

https://www.freightwaves.com/news/ceva-logistics-to-acquire-logistics-provider-in-turkey

CEVA Logistics unveils new sub-brand to drive sustainable logistics solutions

CEVA Logistics is advancing its commitment to sustainability by introducing a new sub-brand, CEVA FORPLANET, to enhance its sustainable logistics solutions and support its global customer base.

This initiative is part of CEVA’s broader strategy to achieve net-zero emissions and reduce the environmental impact of supply chains. The CEVA FORPLANET suite offers a range of low-carbon transport and circular economy solutions, along with accurate CO2e calculations and data reporting to help customers...

https://container-news.com/ceva-logistics-unveils-new-sub-brand-to-drive-sustainable-logistics-solutions/

CEVA Logistics, Almajdouie Logistics create new joint venture in Saudi Arabia

During the inaugural Global Logistics Forum in Riyadh, Saudi Arabia, CEVA Logistics and Almajdouie Logistics signed an agreement to create a joint venture in the country.

First announced in July and subsequently approved by the relevant Saudi authorities, the newly created joint venture, CEVA Almajdouie Logistics, is expected to leverage the strengths of both companies to meet the growing demand for integrated logistics solutions in Saudi Arabia.

It is important to note that CEVA Logistics...

https://container-news.com/ceva-logistics-almajdouie-logistics-create-new-joint-venture-in-saudi-arabia/

CEVA Logistics buys Turkish logistics operator

CEVA Logistics has announced the acquisition of Horoz Bolloré Logistics, a joint venture formed in 2000 by Bolloré Logistics and Horoz Logistics.

The newly-acquired logistics firm will subsequently be integrated into CEVA Logistics’ existing operations in Turkey.

“The full integration of Horoz Bolloré Logistics into CEVA Logistics allows us to significantly enhance our service offerings in Turkey, providing a more comprehensive range of international logistics solutions,” said CMA CGM-owned CEVA...

https://container-news.com/ceva-logistics-buys-turkish-logistics-operator/

Cargomatic ordered to stop threatening drivers involved in wage lawsuit

Cargomatic has been ordered to stop intimidating a group of independent contractor drivers who are suing the company for unpaid wages.

The U.S. Department of Labor (DOL) recently obtained a permanent injunction in a federal court in California ordering the logistics company to end “repeated intimidation and threats directed toward drivers” who deliver freight in California for a Ceva Logistics subsidiary that relies on Cargomatic to contract and pay drivers to haul for Ceva and its customers.

The...

https://www.freightwaves.com/news/cargomatic-ordered-to-stop-threatening-drivers-involved-in-wage-lawsuit

CEVA and Almajdouie Logistics sign Saudi Arabia joint venture deal

CEVA Logistics, as part of its strategic plan, announced the signing of a Joint Venture (JV) agreement with Almajdouie Logistics, a logistics provider in Saudi Arabia.

The agreement is now pending regulatory approval. CEVA Logistics will hold the majority stake in the new JV.

Almajdouie Logistics stands to benefit from CEVA’s expansive global network, enhancing its ability to offer comprehensive end-to-end logistics solutions worldwide to its expanding customer base.

“By pooling our expertise and...

https://container-news.com/ceva-and-almajdouie-logistics-sign-saudi-arabia-joint-venture-deal/

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