New consolidated campus location to provide state-of-the-art facilities and latest in logistics fulfilment technology
Nashville, TN, 23 July, 2013 – CEVA Logistics, one of the world’s leading supply chain management companies, today announced that the company is creating a campus consolidating several facilities in Mt. Juliet, TN, a suburb of Nashville.
Located in the Mt. Juliet Industrial Park, CEVA’s new 700,000 sq ft facility (known as Beckwith II) will provide a more efficient, productive and technologically sophisticated environment for CEVA and the customer on whose behalf the company operates the facility. CEVA is combining two existing properties in Nashville plus a network distribution site that had been based in Chicago into the new facility.
Services provided at the new facility will include fulfilment, storage, value added services and Vendor Managed Inventory (VMI) for over 100 suppliers of CEVA’s customer. The new facility joins an existing 480,000 sq ft CEVA facility on the Mt. Juliet campus (the Beckwith III building). Additionally, CEVA is presently utilizing the third building on the site (Beckwith I) for storage purposes. CEVA will occupy the new facility in mid-September.
“The creation of the Mt. Juliet campus is significant on many levels,” stated Les Grubbs, Senior Vice President of Logistics for CEVA in the Americas. “This marks an extension of a longstanding relationship with this strategic customer and, thus, a continuation of quality jobs in the Nashville market. Additionally, the facility enables us to provide our customer with a new level of fulfilment technology which will drive efficiencies and help enable their future success.”
CEVA also runs a regional cross-dock operation for a large Automotive customer in Mt. Juliet and operates a Freight Management facility in Nashville. The company’s workforce totals approximately 1,100 in the Nashville area.
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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
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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.