Ceva Logistics

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/

CEVA Logistics accelerates growth with integration of Bolloré Logistics

CMA CGM’s subsidiary CEVA Logistics announced a new organizational structure designed to enhance customer access to its comprehensive global logistics services.

This includes capabilities across air, ocean, ground, and rail transport, as well as contract logistics, finished vehicle logistics, project logistics, and customs solutions.

Following the recent acquisition of Bolloré Logistics by CMA CGM Group on 29 February 2024, CEVA Logistics will integrate Bolloré into its new product-focused...

https://container-news.com/ceva-logistics-accelerates-growth-with-integration-of-bollore-logistics/

Delta Air Lines taps Peter Penseel to lead cargo division

Peter Penseel is leaving Ceva Logistics, where he is chief operating officer of the airfreight division, to become president of cargo at Delta Air Lines (NYSE: DAL), effective June 1.

Photo: (Delta Cargo)

The veteran air cargo executive will replace Robert Walpole, who led Delta Cargo for three years. Delta Cargo quietly announced Penseel’s hiring on Wednesday. Walpole’s LinkedIn page shows his employment with Delta ending in February. Delta spokesman Drake Castaneda confirmed Walpole is no...

https://www.freightwaves.com/news/delta-air-lines-taps-peter-penseel-to-lead-cargo-division

CEVA to launch automotive logistics centre at Port of Dunkirk

On 15 March, an agreement was reached between the Port of Dunkirk and CEVA Logistics, marking the beginning of a new venture.

The contract entails the allocation of land for CEVA’s development of a state-of-the-art vehicle logistics facility dedicated to sea imports and exports.

Dunkerque-Port has selected CEVA Logistics, CMA CGM’s subsidiary, as a candidate through a competitive Call for Expressions of Interest (AMI). This selection grants CEVA access to a 95,000 sqm plot of land situated in the...

https://container-news.com/ceva-to-launch-automotive-logistics-centre-at-port-of-dunkirk/

Wincanton board approves GXO’s competing buyout proposal

The board of U.K. logistics firm Wincanton said Friday it unanimously recommended that shareholders approve GXO Logistics Inc.’s (NYSE: GXO) $965 million all-cash offer to acquire the company.

The Wincanton board withdrew its recommendation of Ceva Logistics S.A.’s lower-priced offer for the company. Based on current foreign exchange rates, the GXO offer is priced at $7.75 a share, while the CEVA offer is priced at $6.07 per share, or approximately $764 million.

“The Wincanton directors are...

https://www.freightwaves.com/news/wincanton-board-approves-gxos-competing-buyout-proposal

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