Ceva Logistics’ Earnings, Revenue Improve

Ceva Logistics on Monday reported higher revenue and earnings for the fourth quarter and full year.

Fourth-quarter earnings before interest, taxes, depreciation and amortization rose 35% to 89 million euros, and revenue gained 22% to 1.8 billion euros.

Full-year EBITDA and revenue each rose 25%, to 292 million euros and 6.8 billion euros, respectively, “ahead of pre-recessionary levels,” the Netherlands-based company said in a statement.

“Growth in the Americas was broad-based,” Ceva said in a statement. “A robust performance in the automotive sector underpinned good growth in contract logistics and we made excellent progress in freight management.”

Ceva Logistics is ranked No. 25 on the Transport Topics 50 listing of U.S. and Canadian logistics companies.