CEVA focuses on expanding in Panama

Global third-party logistics (3PL) services provider CEVA Logistics recently announced it expanded its presence in Panama City, Panama to a new logistics park there.

CEVA said the new location, which has three times the capacity of its previous location there and based at the Parque Sur Industrial Park, is comprised of 4,400 square-meters, with capacity for 7,000 pallet positions, 10 meters of free height, and is in close proximity to the Panama Tocumen Airport as well as major highways. And the company also noted it has electric ramps to accomondate a truck’s floor level and save loading dock time, a RedPrairie WMS, and a heavy-duty racking system designed for increased load capacity.

CEVA has had a presence in Panama since 2005.

“CEVA’s customers drove the need for new space,” a company spokesman told LM. “We want to ensure that we have the space to provide growth opportunities for our customers. As our customers grow, they need the right space to make a global footprint meaningful.”

CEVA serves 300 customers out of this location and also has two other Panama-based operations at the Tocumen airport cargo terminal and at the Colon Free Trade Zone.

And with three times the number of dock doors compared to its previous facility, CEVA said that these doors are allocated for its Freight Management operation, which includes Air and Ocean transportation and trucking and domestic cross-dock activities. 

“This new facility also gives us room to expand our customer base and our service offering in Panama,” said Edgar Urrutia, CEVA’s Country Manager in Panama, in a statement.  “We have been running at close to 100 percent capacity in our former location, so this new warehouse will enable us to continue to grow and meet the strong customer demand for logistics services that we see in this market.”