Subscribe to our free, weekly email newsletter!


CEVA focuses on expanding in Panama

By Jeff Berman, Group News Editor
March 03, 2014

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.”

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Rumors of transportation and logistics titan UPS acquiring Chicago-based transportation management services provider Coyote Logistics for $1.8 billion have become a reality, with UPS announcing today that the deal is now official.

Earlier today, the United States Senate signed off on a six-year surface transportation authorization, according to various media reports. The bill, entitled the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act, passed by a 65-34 margin and comes at a time, when the most recent extension for surface transportation funding expires tomorrow, July 31.

Demand for the $500 million in available funding for the United States Department of Transportation’s TIGER (Transportation Investment Generating Economic Recovery) competitive grant program was easily trumped, with applications for the seventh round of TIGER grants coming in at $9.8 billion, or nearly twenty times the available amount, DOT said this week.

Global logistics managers will be tracking the progress of the controversial Trans-Pacific Partnership (TPP) talks in Maui, Hawaii this week, as negotiating parties hope to finalize the agreement.

As has been noted in recent coverage on this site in regards to Peak Season, one underlying theme has been, and remains, how Peak Season is not what it used to be. That is not to say there will not be any Peak Season-related activity. Make no mistake, there will be and things driving it from the seasonal nature of business activity and cargo flows to higher demand and increased e-commerce activity, among others.

Article Topics

News · Global Logistics · CEVA · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA