CEVA Logistics is eyeing to finish within the top 3 logistics players (3PL) across the globe as the company continued its integration with GEFCO, which specializes in finished vehicle logistics (FVL).
The transport and logistics player, backed by parent company CMA CGM Group who bought GEFCO in July 2022, has formed a dedicated FVL organisation as it plans to become a global leader in automotive logistics.
CEVA said GEFCO, created by French automaker Peugeot in 1949, has been transporting around 4 million vehicles a year using its fleet of 1,600 trucks, nearly 3,000 vehicle transport wagons and more than 100 vehicle compounds. The GEFCO brand will now be known as CEVA Logistics’ FVL division. Former director and COO, Emmanuel Cheremetinski, will lead the team of around 4,000 employees.
With the acquisition and integration of GEFCO, Marseille-headquartered CEVA claims it is now the largest logistics company based in France. The company plans to replace the GEFCO brand worldwide in 2023, including its existing operations in contract logistics and ground transportation.
CEVA said it already supported 14 of the top 15 automotive manufacturers and numerous parts suppliers prior to the GEFCO acquisition, including inbound to manufacturing, component and aftermarket services. The addition of full vehicle distribution and transport now allows the company to offer full lifecycle solutions to the global automotive industry.