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

The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.

YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.

With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.

Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809

Article Topics

News · Global Logistics · CEVA · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA