Ceva Logistics Archives - The Loadstar Making sense of the supply chain Tue, 05 Nov 2024 07:13:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 UK regulator delays GXO’s Wincanton takeover, due to ‘competition concerns’ https://theloadstar.com/uk-regulator-delays-gxos-wincanton-takeover-due-to-competition-concerns/ https://theloadstar.com/uk-regulator-delays-gxos-wincanton-takeover-due-to-competition-concerns/#respond Fri, 01 Nov 2024 12:35:43 +0000 https://theloadstar.com/?p=284020 The UK’s Competition and Markets Authority (CMA), the country’s chief competition regulator, has delayed GXO’s takeover of Wincanton.
The CMA said today it had completed its ‘Phase 1’ investigation into the deal and concluded that it “could reduce competition in the supply of mainstream contract logistics services in the UK”.
GXO has been given five working days to “submit proposals to address the CMA’s concerns.
“If suitable proposals are not submitted, the CMA ...

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]]> https://theloadstar.com/uk-regulator-delays-gxos-wincanton-takeover-due-to-competition-concerns/feed/ 0 284020 Forward Air – does it take a Ceva to know a Ceva? https://theloadstar.com/forward-air-does-it-take-a-ceva-to-know-a-ceva/ https://theloadstar.com/forward-air-does-it-take-a-ceva-to-know-a-ceva/#respond Tue, 15 Oct 2024 11:33:39 +0000 https://theloadstar.com/?p=282665 The earnings season, starting with JB Hunt after the US stock market close today, will soon reveal the true financial health of a sick patient in freight management and supply chain: Forward Air.
Where, incidentally, the ex-Ceva crew is slowly growing just as the noise surrounding a change of ownership intensifies.
Divestment 
Forward Air’s Q3 24 numbers – expected to be released towards the end of the month – should be accompanied by ...

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]]> https://theloadstar.com/forward-air-does-it-take-a-ceva-to-know-a-ceva/feed/ 0 282665 Transport firm ordered to cease ‘intimidation and threats’ toward Ceva drivers https://theloadstar.com/transport-firm-ordered-to-cease-intimidation-and-threats-toward-drivers/ https://theloadstar.com/transport-firm-ordered-to-cease-intimidation-and-threats-toward-drivers/#respond Tue, 01 Oct 2024 12:43:21 +0000 https://theloadstar.com/?p=281628 The US Department of Labor has forbidden California transport company Cargomatic from “illegally shifting liability for labour law violations” onto its Ceva Logistics delivery drivers.  
Cargomatic has contracted drivers to deliver cargo for Ceva Freight since 2019 – and since then, several drivers have filed suit for alleged labour violations. 
In one claim, a driver claimed there had been failures to provide staff with rest and meal periods, to pay at ...

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]]> https://theloadstar.com/transport-firm-ordered-to-cease-intimidation-and-threats-toward-drivers/feed/ 0 281628 Bolloré bounce boosts CMA CGM Q2 revenues, but job worries persist https://theloadstar.com/bollore-bounce-boosts-cma-cgm-q2-revenues-but-job-worries-persist/ https://theloadstar.com/bollore-bounce-boosts-cma-cgm-q2-revenues-but-job-worries-persist/#respond Thu, 25 Jul 2024 16:35:36 +0000 https://theloadstar.com/?p=277351 CMA CGM Group has announced a “robust performance” in the second quarter, with revenues up 6.8%, to $13.1bn. But insiders say not all is well in parts of the group.
Ebitda was down 4.3% to $2.47bn, while net income fell $670m to $661m.
The group said the revenue rise was in part driven by logistics, which was bolstered by the Bolloré Logistics integration.
Shipping volumes were up 6.8% to 6m teus. The group ...

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]]> https://theloadstar.com/bollore-bounce-boosts-cma-cgm-q2-revenues-but-job-worries-persist/feed/ 0 277351 Ceva Logistics and Almajdouie Logistics sign joint venture in Saudi Arabia https://theloadstar.com/ceva-logistics-and-almajdouie-logistics-sign-joint-venture-in-saudi-arabia/ https://theloadstar.com/ceva-logistics-and-almajdouie-logistics-sign-joint-venture-in-saudi-arabia/#respond Wed, 17 Jul 2024 23:56:56 +0000 https://theloadstar.com/?p=276763 PRESS RELEASE
MARSEILLE, France – July 16, 2024 – As a part of its strategic plan, CEVA Logistics announced today that it has signed a Joint Venture (JV) agreement with Almajdouie Logistics, one of the leading logistics providers in the Kingdom of Saudi Arabia (KSA).
The signed agreement now awaits review and approval by the necessary regulatory authorities. CEVA Logistics would control the majority of the newly established joint venture.  
Strategic move for ...

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]]> https://theloadstar.com/ceva-logistics-and-almajdouie-logistics-sign-joint-venture-in-saudi-arabia/feed/ 0 276763 Rivals await the fallout as internal politics hamper Ceva/Bolloré integration https://theloadstar.com/rivals-await-the-fallout-as-internal-politics-hamper-ceva-bollore-integration/ https://theloadstar.com/rivals-await-the-fallout-as-internal-politics-hamper-ceva-bollore-integration/#respond Tue, 09 Jul 2024 12:55:56 +0000 https://theloadstar.com/?p=276126 Executives are not happy within Ceva Logistics: the integration with Bolloré Logistics, announced last week with the news of a restructure, is creating headaches for managers concerned over job losses, reported an insider.
But the infighting is also creating opportunities for smaller rivals.
“In regards to the integration, the biggest issue is the politics,” noted the Ceva source. “We have two leadership teams fighting for position, so the politics and infighting is really ...

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]]> https://theloadstar.com/rivals-await-the-fallout-as-internal-politics-hamper-ceva-bollore-integration/feed/ 0 276126 Ceva Logistics welcomes Bolloré Logistics, unites under one brand https://theloadstar.com/ceva-logistics-welcomes-bollore-logistics-unites-under-one-brand/ https://theloadstar.com/ceva-logistics-welcomes-bollore-logistics-unites-under-one-brand/#respond Mon, 08 Jul 2024 20:48:53 +0000 https://theloadstar.com/?p=276152 PRESS RELEASE 
7/8/2024
CEVA and Bolloré Logistics will move forward under one unified brand — CEVA Logistics
CEVA Logistics and Bolloré Logistics will move forward under one unified brand—CEVA Logistics—in offering a breadth of services in air, ocean, ground and rail transport, contract logistics, finished vehicle logistics, project logistics and customs solutions. Already underway, CEVA expects to complete the rebranding process by the end of 2024. 
CEVA Logistics is gaining significant scale and industry ...

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]]> https://theloadstar.com/ceva-logistics-welcomes-bollore-logistics-unites-under-one-brand/feed/ 0 276152 News in Brief podcast | Week 28 2024 | DB Schenker bid, Ceva restructure and MSC milestone https://theloadstar.com/news-in-brief-podcast-week-28-2024-db-schenker-bid-ceva-restructure-and-msc-milestone/ https://theloadstar.com/news-in-brief-podcast-week-28-2024-db-schenker-bid-ceva-restructure-and-msc-milestone/#respond Mon, 08 Jul 2024 03:00:52 +0000 https://theloadstar.com/?p=275966 In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone recaps last week’s supply chain news, including MSC’s market-share milestone, and offers a preview of stories that might appear on The Loadstar this week.
The Loadstar’s managing editor, Gavin van Marle, details incessant ocean freight spot rate rises, and the details of Maersk’s exit in the bid for DB Schenker.
The Loadstar’s publisher, Alex Lennane, discusses the job-loss rumours swirling ...

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]]> https://theloadstar.com/news-in-brief-podcast-week-28-2024-db-schenker-bid-ceva-restructure-and-msc-milestone/feed/ 0 275966 Analysis: The flip side of Ceva’s ‘new vertical structure’ https://theloadstar.com/analysis-the-flip-side-of-cevas-new-vertical-structure/ https://theloadstar.com/analysis-the-flip-side-of-cevas-new-vertical-structure/#respond Thu, 04 Jul 2024 11:59:58 +0000 https://theloadstar.com/?p=275790 ‘Buy the rumour, sell the news’ is an old adage in the financial markets.
Pity Ceva Logistics is no longer listed, although it enjoyed a spell on the stock market for just over a year from the spring of 2018, before being taken over by CMA CGM…
… which – romance added to the narrative – acted as a white knight soon after DSV made a very opportunistic offer at a +60.4% ...

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]]> https://theloadstar.com/analysis-the-flip-side-of-cevas-new-vertical-structure/feed/ 0 275790 Ceva restructures as it integrates Bolloré – but will ‘no job losses’ pledge hold? https://theloadstar.com/ceva-restructures-as-it-integrates-bollore-but-will-no-job-losses-pledge-hold/ https://theloadstar.com/ceva-restructures-as-it-integrates-bollore-but-will-no-job-losses-pledge-hold/#respond Wed, 03 Jul 2024 11:47:22 +0000 https://theloadstar.com/?p=275754 Ceva Logistics has announced a new vertically integrated structure as it combines Bolloré Logistics into its operations – but despite pledges of no job losses, rumours of a cull are circulating.
The group explained that Ceva’s new structure would see “vertical alignment of its product teams down to the local level”. These teams “are expected to accelerate Ceva’s ability to engineer new solutions and then apply them more quickly to customer ...

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]]> https://theloadstar.com/ceva-restructures-as-it-integrates-bollore-but-will-no-job-losses-pledge-hold/feed/ 0 275754