Freight logistics companies servicing the freight industry predictably had the same kind of year that overseas shipping companies and international car shipping firms experienced. One firm with results that are typical for most in the logistics industry is Ceva Logistics. They reported revenues and profits were down in the first part of 2009, but the numbers started to look better as the year went on and they were hoping that things were going to be even better in 2010 for Ceva Logistics and the freight industry. They remain positive despite the last twenty months of down numbers in most parts of business operations and are looking forward to growing their business in 2010 and beyond.
Ceva Logistics did implement a strategy of implementing as many cost-savings policies as they could think of to help them recover as much of the loss as possible in 2008 and 2009. Despite the year they had they were able to get the company debt down by about 7 percent according to the company with their tactics and even found a few new customers to help them improve the numbers a bit. They haven’t reported any numbers for the first part of 2010, so far, but things have been going up in some freight sectors in the first part of 2010, so if they reported slightly better numbers in their freight business with overseas shipping companies, it wouldn’t be a surprise.
The freight logistics business for firms like Ceva Logistics will get better as the volume of freight being moved goes up in 2010 in all sectors of the freight industry. But the fate and revenue of companies like Ceva Logistics is tied directly to the health of the freight industry and the business of moving freight will have to get better for the freight logistics industry to improve significantly.