Ceva Logistics B.V. (TNT) is reportedly seeking to sell its TNT Mercúrio, Valor Econômico reported. Valor Econômico added that the employees of TNTwere recently notified about the decision to sell TNT Mercúrio adding that international operations in Brazil will continue to be carried out by the parent company. JSL S.A. is rumored to be negotiating a purchase, report added. TNT also stated that it was planning to sell assets in Brazil and China on February 18, 2013. It also plans to sell its assets outside of Europe.

Ceva Logistics B.V. has signed a new multi year contract with MACH 2 LIBRI S.p.A. CEVA will take charge of the logistics activities and books distribution on behalf of Mach 2, supporting the customer's distribution network with a total of about 30 million items handled overall, including delivery to point of sale and reverse logistics. As part of a planned phased implementation, the logistics operator will initially carry out its activities at CEVA's warehouse located in Peschiera, near Milan. The logistics operator will put at the customer's disposal its solid know how of the Publishing industry to provide high added value services such as reverse logistics management, offering efficient solutions aimed to increase the leanness of Mach 2's overall supply chain. This new contract represents an important step for Mach 2 as this is the first time the company has outsourced its logistics operations. In this way, Mach 2 will benefit from CEVA's experience of working with the major players in the market, in addition to its focus on Operations Excellence. The new structure of Mach 2 also aims to leverage the operational synergies of a logistics partner which boasts an extensive distribution network across the country, being able to support the customer in addressing the challenges which characterize the Publishing industry. Specifically, the collaboration with CEVA will allow improvements such as higher flexibility in the management of the seasonal peaks and lead time reduction, therefore guaranteeing rapid response to meet the final customers' requests.

CEVA Logistics reported earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported revenue of €5,154 million against €5,364 million a year ago. Adjusted EBITDA was €238 million against €206 million a year ago. EBITDA in the third quarter declined to €70 million, primarily as a result of continuing weakness in CL performance, particularly in Southern Europe, Middle East and Africa (SEMEA). Cash generated from operations amounted to €22 million compared to €40 million last year. For the first nine months revenue for the group increased 4.1% to €5,364 million against €5,154 million for the same period a year ago. EBITDA declined 13.4% to €206 million, mostly driven by weak performance in the company's CL business.