CEVA renews and expands $100m logistics contract with tech customer

CEVA Logistics has renewed a global freight management contract with an unnamed technology customer and has been awarded important additional services in air and ocean freight.
The Switzerland-headquartered logistics provider estimates that existing and new business will "exceed $100m of revenue" over the next twelve months, depending on actual volumes handled. No operational specifics were disclosed in a statement announcing the contract renewal.
CEVA has been working with the customer for more than 10 years and has "much expanded services over the timeframe".
Commenting on the contract, CEVA chief executive Xavier Urbain said: "We are proud to retain and even expand our position as the No.1 freight service provider for this customer. This important award demonstrates the strong partnerships we have and the quality of service we provide to our customers."
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