CEVA air freight volumes on the up
20 / 03 / 2015
Supply chain specialist CEVA reports that its third quarter airfreight volumes rose five per cent over prior year, ahead of the market.
CEVA also announced that it is adopting a local, rather than region-based, operating model.
Xavier Urbain, chief executive of CEVA, said: “For our customers, local ownership of execution is very good news, enabling faster decision-making and greater responsiveness to their needs.”
The new operating model eliminates the existing region-based structures across the globe, opting instead for an operating model consisting of 17 local geographic clusters of countries with standardised governance and business rules across all clusters.
Clusters may be a single large country, such as China, or consist of several countries in close proximity. The new structure takes effect January 2015.
CEVA’s Third quarter revenue of $1,992m was up 0.7 per cent sequentially from Q2 2014, representing a significant improvement over recent quarters due to positive volume trends in its Freight Management (FM) operations.
Tightening arfreight capacity on transpacific trade lanes created FM “margin pressures” in the quarter, offsetting the increase in volumes.
