November 12, 2010 10:15 AM, EST

Ceva Logistics Reports Higher Earnings in 3Q

Third-party logistics provider Ceva Logistics reported an increase in third-quarter earnings to 86 million euros ($117 million), a 26% increase over last year.

Ceva, which has international headquarters in Hoofddorp, Netherlands, and U.S. operations based in Houston, said revenue grew 32% in the quarter to 1.82 billion euros ($2.48 billion), compared with 1.37 billion euros ($1.87 billion) last year.

“The Americas recorded a particularly strong quarter,” said Ceva, which is not publicly traded. Revenue grew 37% in the Americas, and earnings rose 20%.

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