CEVA Holdings, one of the world’s leading non‐asset based supply chain management companies, reported results for the three months ended 30 June 2015 with an adjusted EBITDA up 25 per cent year-on-year (up 31.7 per cent in constant currency). “The company turned in a solid second quarter performance in the face of several industry headwinds and significant exchange rate fluctuations,” it added. Second quarter revenue of US$1.776 billion was up 0.3 per cent year-on-year (y-o-y) in constant … [Read more...] about CEVA sees positive Q2, creates Project Log div

CEVA Logistics has announced its extended collaboration with 3M to be their preferred logistics service provider in warehouse management and distribution in Singapore, Malaysia and Indonesia. Under the terms of the renewed contract, CEVA will operate both 3M’s Regional Distribution Centre (RDC) and national DC in Singapore, with an increased warehouse footprint to nearly 28,000 sqm in total. CEVA also manages 3M’s national distribution centres in Malaysia and Indonesia. The scope of services … [Read more...] about 3M renews contract with CEVA in South East Asia

GEODIS, the European supply chain operator owned by French rail company SNCF, has sealed the deal to buy US-based third-party logistics provider Ozburn- Hessey Logistics (OHL). OHL operates more than 120 distribution centres in North America with over 3.35 million sqm of warehouse space and has a turnover of €1.2 billion. OHL has a core competency in directto- consumer fulfilment, specialising in apparel, electronics, healthcare, food and beverage, and consumer packaged goods. The firm is … [Read more...] about GEODIS acquires US 3PL, OHL

Kerry Logistics has secured a contract with Debenhams, a leading British multinational retailer, to support the department store’s growing export market in the Middle East. Kerry Logistics will handle all airfreight from Debenhams’ distribution centre (DC) in Peterborough, UK, to various destinations in the Middle East, including Dubai, Bahrain, Qatar, Egypt, Jeddah, Saudi Arabia, and Jordan. Additionally, Kerry will provide value-added services at origin including garment re-labelling, … [Read more...] about Kerry wins Debenhams contract for Middle East

Rhenus Logistics has launched an extended service to Japan, with an increase of its air and ocean freight routes as part of its strategic plan to improve its UK and EU gateways to global markets and following the recent opening of its London Heathrow facility. The company now operates five air freight consolidations per week alongside weekly ocean departures, focusing on exporting consumer goods to its key destinations in Tokyo and Osaka. The service is managed by Rhenus’ four … [Read more...] about Rhenus boosts Japan frequencies