September 01, 2014 2:47 PM ET

Air Freight and Logistics

Company Overview of CEVA Holdings LLC

Company Overview

CEVA Holdings LLC, together with its subsidiaries, designs, implements, and operates end-to-end freight management and contract logistics solutions for multinational and large and medium sized companies worldwide. The company operates in two segments, Freight Management and Contract Logistics. The Freight Management segment provides international air, ocean, and domestic freight forwarding, as well as customs brokerage, deferred air and pickup and delivery, and other value-added services. The Contract Logistics segment offers inbound logistics, manufacturing support, outbound/distribution logistics, and aftermarket/reverse logistics services. The company primarily serves the automotive, cons...

Trust Company Complex

Ajeltake Road

Ajeltake Island

Majuro,  96960

Marshall Islands

44,000 Employees

Key Executives for CEVA Holdings LLC

Chief Executive Officer
Age: 56
Chief Financial Officer
Age: 57
Chief Operating Officer and Member of Board of Managers
Age: 57
Chairman and Interim President of Americas
Age: 66
Chief Information Officer and President of Asia Pacific
Age: 54
Compensation as of Fiscal Year 2014.

CEVA Holdings LLC Key Developments

CEVA Holdings LLC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

CEVA Holdings LLC reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $1,978 million declined 4.2% compared to $2,064 million for the same period a year earlier, driven by the prior year’s successful recapitalization, and termination of lower margin business. Second quarter revenues were up 6.1% sequentially compared to the first quarter. Adjusted EBITDA was $60 million was 40% ahead of the previous quarter, and adjusted EBITDA as a percentage of revenue improved from 2.3% to 3.0%, reflecting continuing strength in Contract Logistics and the termination of lower margin business. EBITDA came in 25% lower than in the same period a year earlier as Freight Management revenues were impacted by lower rates in the market. Loss attributable to equity holders of the company was $59 million compared to a profit attributable to equity holders of the company of $191 million a year ago. For the six months, the company reported loss attributable to equity holders of the company was $215 million compared to a profit attributable to equity holders of the company of $43 million a year ago. Revenue was $3.84 billion compared to $4.11 billion a year ago.

CEVA Logistics Announces Expanded Aerospace Industry Presence in Fort Worth, Texas

CEVA Logistics announced that it is expanding its aerospace industry operations at Fort Worth Alliance Airport (AFW). Alliance Airport, owned by the City of Fort Worth, is the purely industrial airport designed for cargo and corporate aviation. The new CEVA facility has 100,000 sq ft (9,290 sq m) of warehouse space and is adjacent to the Alliance Airport runway, permitting chartered flights to taxi directly to the facility for unloading cargo. The operation will also provide Oceanfreight transportation management and other pre-manufacturing support services.

CEVA Holdings LLC Reports Earnings Results for the First Quarter Ended March 31, 2014

CEVA Holdings LLC reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported loss attributable to equity holders of the company of $155 million, compared to a loss attributable to equity holders of the company of $148 million for the same quarter ended March 31, 2013. Revenue was $1.86 billion, compared to $2.05 billion for the same quarter ended March 31, 2013. Operating loss was $14 million, compared to an operating loss of $19 million for the same quarter ended March 31, 2013. Loss before income taxes was $155 million, compared to a loss before income taxes of $161 million for the same quarter ended March 31, 2013. Adjusted EBITDA increased 7.5% to $43 million, driven by a strong performance in Contract Logistics where profits increased 37.8% as part of CEVA's decision to exit underperforming contracts last year, which also resulted in an expected and planned reduction in revenue in this segment.

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CEVA Holdings LLC Asia

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