Losses continue to add up at CEVA Logistics

Losses at CEVA Logistics increased by $45 million in 2018 to $242 million due to Italian Contract Logistics costs and IPO expenses. Revenue for the year grew by 5.2% to $7.3 billion, and while CEVA teams continued to improve productivity, cost reduction and other margin improvement initiatives, EBITDA was negatively impacted by various events such […]