Ceva Logistics Reports Higher Earnings

Third-party logistics provider Ceva Logistics reported an increase in first-quarter revenue compared with the same time in 2009.

Ceva, which has international headquarters in Hoofddorp, Netherlands, and U.S. operations based in Houston, reports in euros and said gross revenue grew to the equivalent of $2.06 billion from $1.7 billion in the 2009 first quarter.

Ceva is not publicly traded, but said its quarterly cash flow from continuing operations before one-time adjustments grew to $72 million from $39.2 million. Ceva is ranked No. 3 on the Transport Topics 50 listing of U.S. and Canadian logistics companies.