Ceva’s Sales Slow, But CMA-CGM Cooperation Flies — Panjiva


Ceva’s Sales Slow, But CMA-CGM Cooperation Flies

Corp - Forwarders 157 Corp - Shipping 608 Earnings 365 Global 722 Mergers 200 Mode - Containerized 1005 Mode - Seaborne 1273

Freight forwarder Ceva Logistics has provided preliminary 2018 results that imply revenue growth of just 0.6% year over year in 4Q. That’s the slowest since 3Q 2016 and continues a pattern seen from UPS and CH Robinson. Profitability is expected to be unchanged for 4Q at the EBITDA line compared to a year earlier. The company may have released early due to container-line CMA-CGM’s offer to buy shares as part of the two firms’ cooperation agreement. In that regard the two are already working more closely together. Ceva’s U.S. seaborne inbound shipments handled by C...

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