CEVA Logistics will move its Panama City operation this month to a 4,400-square-meter warehouse near the Panama Tocumen International Airport.
The firm will manage multiple customers from the new space, which boasts a capacity for 7,000 pallet positions and room for expansion.
"This new facility also gives us room to expand our customer base and our service offering in Panama,” CEVA’s country manager in Panama, Edgar Urrutia, said in a statement. “We have been running at close to 100% capacity in our former location, so this new warehouse will enable us to continue to grow and meet the strong customer demand for logistics services that we see in this market.”
The new location joins CEVA's other operations in Panama — an air cargo facility at the airport and a warehouse in the Colon Free Trade Zone.