CEVA Logistics has signed a definitive agreement with a subsidiary of Gruppo PIR, La Petrolifera Italo Rumena S.p.A, for the sale of Spedizioni Internazionali Trasporti Terrestri Aerei e Marittimi S.r.l.(SITTAM), an international groupage business, based in Cornaredo (Milan), Italy. The transaction is supported by Sittam’s management. Sittam's head office is in Cornaredo, near Milan, with nine branch offices throughout Italy. Sittam has strong coverage in Europe through regular … [Read more...] about CEVA divests Italy groupage business
Xavier Urbain
CEVA opens 48,000 sq m site in Singapore
CEVA Logistics held the opening of its West Hub, CEVA’s largest facility in Singapore and the new headquarters for Southeast Asia. The West Hub occupies 48,000 sq m of warehouse and office space, with more than 300 personnel serving multi-sector customers at the facility. CEVA’s CEO, Xavier Urbain, said: “I am very pleased our footprint is growing in Southeast Asia, and particularly in Singapore, as a strategic hub in Asia and a conduit for world trade. This is an … [Read more...] about CEVA opens 48,000 sq m site in Singapore
CEVA confident on future as 2Q results down
Saying he was pleased with the progress made in rebuilding the leadership team at CEVA, the group’s CEO, Xavier Urbain, said: “Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth... The numbers show we are gaining traction and are positioned well to make further progress in the future." Revenue of US$1.98 billion declined 4.2 per cent in the second quarter compared to $2.06 … [Read more...] about CEVA confident on future as 2Q results down