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CEVA Logistics is recognized by its customers for superior supply chain management processes that make their business flow. With a strong commitment to the success of our customers, CEVA focuses on a diverse range of market sectors including automotive & tires, technology, industrial, retail & consumer goods, health care, publishing, aerospace and oil & gas.
We offer our customers increased efficiency and reduced transit times, thanks to our ongoing focus on operations excellence and the visibility and control that we create in the supply chain. As a leading global logistics company, we provide end-to-end design, implementation and operation of logistics solutions in contract logistics, freight forwarding, distribution management and transportation management for large and medium-sized national and multinational companies.
CEVA combines the heritage of two great companies, TNT Logistics and EGL Eagle Global Logistics, which merged in August 2007. We employ more than 54,000 people and our extensive global network comprises more than 1,000 locations, with 8.6 million square meters in over 100 countries. For fiscal year 2007, CEVA reported combined proforma revenue of ¢æ 6.3 billion. CEVA is a non-listed company owned by affiliates of Apollo Management, L.P., one of the leading private equity investors in the world. CEVA¡¯s CEO is John Pattullo.
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About CEVA
History
CEVA combines the heritage of two great companies, TNT Logistics and EGL, which merged in August 2007.
Contract Logistics
The origin of our contract logistics business is with TNT, which was founded in Australia in 1946. In 1996 Australia-based TNT was acquired by postal and telecom company KPN in the Netherlands. Two years later the telecom and postal divisions of KPN were separated. The new company, called TNT NV, was then organized around three divisions: TNT Logistics, TNT Express and TNT Post.
At the end of 2005 TNT announced its intention to sell its contract logistics activities as the result of a revised strategic focus. In the autumn of 2006 TNT Logistics was sold to affiliates of Apollo Management L.P. TNT Logistics was rebranded CEVA Logistics in December 2006.
Freight Management
The origin of our freight management business is with EGL, which was founded in Houston, Texas in 1984 as EagleUSA Airfreight. After experiencing strong and rapid growth in the early 1990's, the Company initiated a public offering in 1995 and began trading on the NASDAQ Stock Market.
In 1997, the Company began its international focus and by 2000, EGL was recognized as a global force in the industry with operations in more than 100 countries. To properly reflect the expanded transportation and logistics services, shareholders approved the name change of the Company to EGL Eagle Global Logistics.
EGL was removed from the NASDAQ in August 2007 when Apollo Management L.P.
purchased the company and merged it with CEVA Logistics. EGL now operates under the CEVA brand name.