Ceva Ties Growth and Profitability Together, China Tariff Challenge Lies Ahead — Panjiva
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Ceva Ties Growth and Profitability Together, China Tariff Challenge Lies Ahead

Corp - Forwarders 157 Earnings 365 Global 722

Ceva Logistics reported 2Q revenues that rose 8% on a year earlier and were 3% better than expected. That repeats a pattern by K+N and JB Hunt and may partly reflect a late rush in airfreight shipments to beat American duties on Chinese exports that were implemented on July 6. A reversal is possible in 3Q of course. The company reported a 30 basis point improvement in its profitability (EBITDA margin) as a result of cost cutting, doing better than K+N (which competed for volumes by cutting prices) and showing a similar performance to Panalpina. Improving profits further may prove challe...

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