CEVA Logistics continues strategic transformation, grows core products by integrating Bollor� Logistics

CEVA Logistics continues strategic transformation, grows core products by integrating Bollor� Logistics

Top 5 global strength, local knowledge for close customer care, solution delivery

MARSEILLE, France – WEBWIRE

  • CEVA adding significant scale in air, ocean freight with Bollor Logistics
  • Major acquisitions since 2020 allow for worldwide product-driven organization

CEVA Logistics, the logistics subsidiary of the CMA CGM Group, announced today a new vertical organization aimed at allowing its customers to more easily benefit from its global logistics capabilities across its breadth of services in air, ocean, ground and rail transport, contract logistics, finished vehicle logistics, project logistics and customs solutions.

CEVA will soon begin the process of welcoming Bollor Logistics into its new product-driven organizational model. Bollor Logistics was acquired by the CMA CGM Group on Feb. 29, 2024. As a leading global logistics provider, CEVA generated pro forma 2023 revenue of $20.2 billion through transporting 1.9 million TEUs of ocean freight, 800,000 tons of air freight and managing 11.7 million square meters of warehouse spaceall thanks to its 110,000 global employees.

CEVA Logistics and Bollor Logistics will move forward under one unified brandCEVA Logistics. The company expects to complete its rebranding process by the end of 2024.

Organization designed to maximize performance, customer satisfaction

The new organization reinforces the companys ability to offer consistent global services to its customers across the breadth of its product offering. With a vertical alignment of its product teams down to the local level, CEVA expects improved product development and operational excellence. The vertically aligned product teams are expected to accelerate CEVAs ability to engineer new solutions and then apply them more quickly to customer challenges across all geographies.

In addition, CEVA is combining its Air and Ocean operations in order to capitalize on best practices and technology investments, notably in finalizing its implementation of CargoWise.

Successful strategy in geographic, market sector growth

Since its acquisition by the CMA CGM Group in 2019, CEVA Logistics has expanded both its capabilities and geographic reach. Through numerous acquisitions, the company now offers a strong network across the African continent. In 2022, CEVA added Ingram Micros CLS division to boost its ecommerce solutions, GEFCO to offer finished vehicle solutions for its automotive customers and strengthen its European overland network, and now Bollor Logistics to boost its air and ocean freight management solutions. Other targeted acquisitions boosted CEVAs reach in perishables transport in Latin America (Cargex) and in small parcel, last mile delivery in France (Colis Priv).

Our teams have been working toward this moment for many years, and Im so proud of where we are as a company,said CEVA Logistics CEO Mathieu Friedberg.CEVA Logistics is moving to a vertical, product-driven organization that will benefit our team and our customers as we compete among the Top 5 of the logistics industry. The vision we put in place for CEVA with the support of the CMA CGM Group is taking its final form. Our ability to innovate and collaborate with our customers to improve their global supply chains through truly end-to-end solutions is unmatched in some market segments.

####

About CEVA Logistics

CEVA Logistics, a world leader in third-party logistics, provides global supply chain solutions to connect people, products and providers all around the world. Headquartered in Marseille, France, CEVA Logistics offers a broad range of end-to-end, customized solutions in contract logistics and air, ocean, ground and finished vehicle transport in 170 countries worldwide thanks to its approximately 110,000 employees at approximately 1,500 facilities. With a pro forma 2023 revenue of US$20.2 billion, CEVA Logistics is part of the CMA CGM Group, a global player in sea, land, air and logistics solutions.

For more information, please visitwww.cevalogistics.com

( Press Release Image: https://photos.webwire.com/prmedia/6/323929/323929-1.png )

WebWireID323929

This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.

Read More


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *