August 5 - CEVA Holdings LLC reported a 6 percent rise in revenue year-on-year during its second quarter of 2014 at USD1.978 billion.

CEVA also posted an adjusted EBITDA of USD60 million in the second quarter of 2014, up 40 percent from the same period in 2013.

The company's ocean freight volumes were up 7 percent in 2014 compared with the same period in 2013, which CEVA claims was due to its early success in the 2014 tender season and well above industry growth.

Air freight volumes also increased by 1 percent from the previous year, strengthening at the end of the quarter, with three week rolling volumes up 4 percent in June.

CEVA's new business wins were up 31 percent over the prior year, increasing to USD763 million, compared with USD582 million for the same period in 2013. The company suggested that investment in its tender management, trade lane management and field sales force each contributed to the improved level of wins in the quarter.

"Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth," said Xavier Urbain, ceo of CEVA.

www.cevalogistics.com

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