CEVA set to grow in Virginia
July 17, 2013 - LM Editorial
Global third-party logistics (3PL) services provider CEVA Logistics said this week it is increasing its presence in Virginia by moving to a new location later this summer, which it said is a multi-use site that will manage the logistics needs of several global brands with room to expand.
Company officials said that the new facility, which is located at the Richmond Airport Distribution Center, is comprised of 11 dock doors for its Freight Management operation, which includes ramp access for enhanced security measures and office space built out for the company’s growing domestic operations.
“We saw a great opportunity to expand our customer base and offerings in the Virginia market,” said Larry Gamble, Vice President of Operations, East Region, for CEVA, in an interview. “The location of this multi-use facility will be able to support CEVA’s rapidly growing domestic operation, as well as current customers served. We currently serve a majority of the state from our Richmond facility, including the state’s major port in Norfolk, so we have been looking to grow our presence and the timing is perfect.”
Gamble added that through this new facility, CEVA will be able to provide additional service offerings and greater throughput and velocity movement of cargo, noting that its customers will experience improved service performance through its LEAN operations.
CEVA said it serves nearly the entire state of Virginia from its Richmond facility, including the state’s major port in Norfolk, the city of Roanoke to the west, and south across the North Carolina border, and it provides multiple services, including air import and export, warehousing (including pick and pack operations), ocean import and export, domestic ground and residential home delivery of heavy, bulky items particularly for large customers that utilize ecommerce as an integral part of their business model.
Gamble did not disclose how many employees will work out of this new facility but said the team there will grow over time.
In May, CEVA reported first quarter earnings of $1.6 billion Euro or about $2.8 billion U.S., which represented a 6 percent annual decrease.
Company officials said that CEVA’s quarterly results were impacted by various factors, including: overall soft global logistics markets; loss of airfreight volume with some business switching to ocean transport; exposure to Eurozone markets; and underperforming Contract Logistics contracts.
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