Ceva Logistics was founded in 2007, as a merger of TNT Logistics and EGL Eagle Global Logistics. After the merger, CEVA Logistics became the 4th largest global third party logistic (3PL) company. Since 2014, CEVA Logistics underwent various business transformations before its IPO in 2018. In 2016, 3PL revenues in China amounted to US$166.7 billion. Research firm Technavio positioned Ceva Logistics as the 4th largest firm with gross revenues of US$1.2 billion, net revenues of US$706 million and 1% of total market share. In 2018, CEVA Logistics was listed on the SIX
Swiss Stock Exchange. The company acquired also Spedimacc, a logistics firm specialising in the transport of fragile and valuable goods and helped Ceva Logistics reach 20% of the Italian market. In March 2019, CEVA Logistics was acquired by the French group
CMA CGM, the world's third-largest
container transportation and
shipping company, to complete its service range with activities in logistics. CEVA's headquarters moved from
Switzerland to
Marseille, France. In 2020, the company acquired AMI Worldwide, a logistics solutions provider in Africa, offering connections with
India, the
Middle East, and
China. In 2021, CEVA had 98,000 employees working in 6 regions operating from 160 countries. Colis Privé, GEFCO and Spedag Interfreight. In 2022, CEVA Logistics announced a partnership with
Ferrari as its official logistics partner, providing logistics support services for the
Scuderia Ferrari cars and equipment for Grand Prix events, GT racing series, and other
Ferrari Challenge events. ==References==