Ocean freight sees an opportunity

COVID-19 has destabilised global trade and the economy. As major trade countries like the USA, UK and Germany suspend air travel, cargo movement has slowed. Ocean freight transport is emerging as a viable and cost-effective alternative with a wider reach for moving cargo to destinations across the globe, say those with an interest in the […]

$224m loss in 2016 for CEVA

Losses at CEVA have grown to $224 million for 2016 while revenue also dipped to $6.6 billion. Total comprehensive loss for the period net of income tax was up from $196 million and revenue was down 4.5 per cent from $6.9 billion. Freight management revenue was down from $3.1 billion in 2015 to $3 billion […]

CEVA posts solid performance in Q3 but still records a loss

CEVA Holdings has reported a solid performance in the third quarter (Q3) of this year as it saw air cargo volumes grow by a double-digit figure. The logistics firm’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter ending 30 September was $75 million, up 19 per cent versus Q2 and flat versus […]