CEVA extends global relationship with Ferrari
Multi-year extension focused on excellence on the track, on the road; CEVA remains committed to net zero goal
CEVA Logistics, a subsidiary of the CMA CGM Group, has signed a new multi-year agreement to continue providing all logistics services for Scuderia Ferrari's cars and equipment during Grand Prix events as well as for GT races and Ferrari Challenge events.
"As a team partner of Scuderia Ferrari, the CEVA Logistics logo will remain on Scuderia Ferrari's new 2024 single-seater, on the team's vehicles, and on the equipment and clothing of the drivers and racing team. Scuderia Ferrari's new 2024 single-seater will be unveiled on February 13. In addition to its brand exposure in the Formula 1 World Championship, CEVA Logistics will be visible in other series, such as the GT Ferrari Challenge," says an official release from CEVA.
Scuderia Ferrari has taken part in every edition of the Formula 1 World Championship since 1950, and holds the record for the most Grand Prix wins - 243 victories and 16 Constructors' World Championships, the release added. With the increase in the number of Grand Prix per season, and the return of the Chinese leg in 2024, Formula 1 is strengthening and consolidating its global presence.
"CEVA is ready for the 2024 Formula 1 World Championship, which will include 24 events worldwide starting on March 2 in Bahrain and ending on December 8 in Abu Dhabi."
Olivier Storch, Deputy CEO, CEVA Logistics says: "Since 2022, we have demonstrated that we have a lot in common with Ferrari. Like Scuderia Ferrari, we are constantly designing and improving our solutions. We anticipate the next changes in our sector or in our customers' ecosystems. Like Ferrari, we implement more sustainable solutions and reduce our environmental footprint. Like Ferrari, innovation is a key factor in our success. The renewal of our partnership is proof of CEVA’s ambition and ability to achieve excellence in all circumstances."
Lorenzo Giorgetti, Chief Racing Revenue Officer, Ferrari adds: “Modern motorsport places ever greater challenges on its logistical requirements. Compared to just a few years ago, there are many more Formula 1 races held outside Europe as the calendar visits four continents. For the first time in the sport’s history, this year’s championship boasts 24 races. This hectic pace means it is vital for Scuderia Ferrari to be able to count on a world-class logistics partner like CEVA Logistics as it guarantees an on-time and precise service while sharing Ferrari’s passion for innovation and the desire to push the boundaries, continuously improving in their respective fields, while also taking into consideration the current challenges linked to respect for the environment and the planet.”
With 2022 revenue of $18.7 billion, CEVA offers end-to-end, customised solutions in 170 countries with its approximately 110,000 employees at more than 1,300 facilities, the release added.
