Richmond, VA, USA, 16 July, 2013 – CEVA Logistics, one of the world’s leading supply chain management companies, today announced that the company will expand to a new location in Richmond, VA, in late summer 2013.
Located at 6601 S. Laburnum Avenue at the Richmond Airport Distribution Center, the new facility is a multi use site which will manage the logistics needs of several global brands, with room to expand. Additionally, the new facility triples the number of dock doors available to its Freight Management operation, including ramp access for enhanced security measures. The new facility also features office space expressly built out for CEVA’s rapidly growing domestic operation.
CEVA serves virtually the entire state of Virginia from its Richmond facility, including the state’s major port in Norfolk, the city of Roanoke to the west, and south across the North Carolina border. Services provided include Air import and export, warehousing (including pick and pack operations), Ocean import and export, domestic ground and residential home delivery of heavy, bulky items particularly for large customers that utilize ecommerce as an integral part of their business model.
“This new facility gives us room to expand our customer base and offerings in the Virginia market,” stated Larry Gamble, Vice President of Operations, East Region, for CEVA. “One of CEVA’s core strengths is our expertise in developing and managing LEAN operations. The new facility allows us to build on this expertise for greater productivity, with the added benefit of increased energy efficiency. We are excited about what this means for CEVA’s presence in Virginia.”
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CEVA - Making business flow
CEVA Logistics, one of the world’s leading non-asset based supply-chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 50,000 employees in more than 160 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. 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 2013 and beyond, 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.