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Following the eruption of a volcano in the south of Chile the resulting ash is causing continued disruption to flights in and out of the country.
Both passenger and cargo flights have been cancelled and, as a result, there will be some backlog in freight movements, but we are working to minimize any disruption.
We are closely monitoring the situation and will provide updates as required.
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CEVA - Making business
flow
CEVA Logistics, one of the world’s leading supply
chain companies, designs and implements industry
leading solutions for large and medium-size national
and multinational companies. Approximately 50,000
employees are dedicated to delivering effective and
robust supply chain solutions across a variety of
sectors and CEVA applies its operational expertise
to provide best-in-class services across its
integrated network, with a presence in over 170
countries. For the year ending 31 December 2010, the
Group reported revenues of €6.8 billion. For more
information, please visit
www.cevalogistics.com
SAFE HARBOR STATEMENT:
This news release may contain forward-looking
statements. These statements include, but are not
limited to, discussions regarding industry outlook,
the Company’s expectations regarding the performance
of its business, its liquidity and capital
resources, its guidance for 2011 and the other
non-historical statements. These statements can be
identified by the use of words such as “believes”
“anticipates,” “expects,” “intends,” “plans,”
“continues,” “estimates,” “predicts,” “projects,”
“forecasts,” and similar expressions. All
forward-looking statements are based on management’s
current expectations and beliefs only as of the date
of this press release and, in addition to the
assumptions specifically mentioned in the above
paragraphs, there are a number of factors that could
cause actual results and developments to differ
materially from those expressed or implied by these
forward-looking statements, including the effect of
local and national economic, credit and capital
market conditions, a downturn in the industries in
which we operate (including the automotive industry
and the airfreight business), risks associated with
the Company’s global operations, fluctuations and
increases in fuel prices, the Company’s substantial
indebtedness, restrictions contained in its debt
agreements and risks that it will be unable to
compete effectively. Further information concerning
the Company and its business, including factors that
potentially could materially affect the Company’s
financial results, is contained in the Company’s
annual and quarterly reports, available on the
Company’s website, which investors are strongly
encouraged to review. Should one or more of these
risks or uncertainties materialize or the
consequences of such a development worsen, or should
underlying assumptions prove incorrect, actual
outcomes may vary materially from those forecasted
or expected. CEVA disclaims any intention or
obligation to update publicly or revise such
statements, whether as a result of new information,
future events or otherwise.
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