Ceva Logistics CEO Outlines Growth Plans

JACKSONVILLE, Fla.— John Pattullo, chief executive officer of Ceva Logistics, announced plans to grow the global contract logistics firm into a $14 billion business by 2010. That goal will require a 15% year-on-year increase.

Ceva Logistics, which combines the European contract logistics arm of TNT with the U.S. freight forwarder EGL, is majority owned by Apollo, a U.S. private equity firm.

EGL is strong in the U.S., while TNT has solid business in Europe and Asia. The rebranded Ceva Logistics has 52% of its market share outside Europe.

Pattullo noted that Ceva Logistics will establish a “global task force” to pursue multi-million-dollar outsourced logistics contracts.

The CEO said that the 15% revenue “stretch goal” is achievable. “We are in markets with growth rates that are easily in double digits,” he said.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish