The new Ceva’s performance is ‘on target’ as CMA CGM takes full control
CMA CGM is now fully in control of Ceva, holding more than 98%, and is filing a claim to cancel any outstanding shares. Following yesterday’s AGM, Ceva announced management changes that will see chief...
View Article‘Significant’ changes at Ceva in H1 as CMA CGM makes its presence felt
For those wondering how Ceva’s new shipping line shareholder, CMA CGM, will impact its offering, some light was shed in its first-half results presentation. Cross-selling will “accelerate Ceva’s...
View ArticleMarket Insight: Ceva’s moment of truth as ‘CMA CGM risk’ fears unsettle the...
New Zealand isn’t only the bookies’ favourite in the 2019 Rugby Union World Cup that starts today in Japan. By pure coincidence, for supply chain junkies like us, the Kiwi islands are also a place...
View ArticleSupply chain radar: Ceva reshuffles, names new global head of ocean freight
Some changes have been announced internally at Ceva Logistics, which testifies to a willingness to speed up its current restructuring as part of the new CMA CGM family and ahead of its de-listing,...
View ArticleSupply chain radar: Don’t write off Ceva as it races against time
What Ceva Logistics is up to is crystal clear from its interim financials released on Monday, which were unusually good in the right spots, given its latest performance standards before joining the CMA...
View ArticleAnalysis: CMA CGM’s saving of Ceva is not by magic, there will be pain
Let’s set the record straight: Ceva Logistics hasn’t healed and it will take years before it shines, if it ever does. Yet the bears who insist the business is doomed – there are a few of them out there...
View ArticleOn the wires: Ceva loads the C-suite amid rumours of job cuts
“After an initial transitional phase of reorganisation, which made it possible to deploy new processes and define an ambitious strategy for a return to profitability, Ceva Logistics is implementing its...
View ArticleCMA CGM liftings up in 2019, but new rules and Ceva loss wipe out profits
CMA CGM has posted a net loss of $229m for 2019 – this compares with a profit of $34m the year before. The French transport group’s result was dragged down by the $329m negative impact of new...
View ArticleSupply chain radar: Ceva Logistics – the trouble with missed promises
The CMA CGM headline story is there for all to see, but then right underneath its 2019 ebit line, the full damage of years spent looking at shuffling its asset base, often using debt to propel strategy...
View ArticleAnalysis: Ceva Logistics – The money pit in need of a break-up
France’s CMA CGM would do well to consider taking structural action at Ceva Logistics to curtail the latter’s role as a money pit and might be inspired by Kuehne + Nagel‘s moves in contract logistics....
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