CEVA says results reflect 'difficult quarter'

Supply Chain

Friday, August 03, 2012

CEVA Logistics reported a loss of 72 million euros ($88.5 million) in the second quarter of 2012, compared to a loss of 41 million euros in the same 2011 period. CEVA said it had revenue of 1.81 billion euros in the second quarter, 5.5 percent more than the 1.71 billion euros in the same 2011 period. Freight management revenues in the second quarter were 843 million euros, 9 percent more than in the same 2011 period, largely due to strong growth in the company'...

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