Houston, USA, 23 June, 2014 – CEVA Logistics, one of the world’s leading supply chain management companies, today announced an expansion of service with Ford Motor Company. CEVA will provide the inbound transportation logistics for Ford’s new Coldwater Origin Distribution Center, in Coldwater, Michigan.
CEVA has served Ford as a transportation provider for more than 20 years.
CEVA’s transportation operations will be based in various Michigan locations and provide pickup and delivery to the Coldwater ODC.
“It’s a tremendous privilege for CEVA to help support the expansion of this new Ford facility. We are proud and excited to receive this award of business from one of our largest global customers,” said Kerry Zielinski, CEVA’s Vice President of Business Development and Ford account lead for the Americas. “Our customer’s growth in the Automotive industry has fueled our company’s expansion and market leadership in the Automotive sector as well.”
“Our focus each day is to provide efficient and cost effective operations that serve our customers’ business objectives,” said Jim Barnett, Vice President of Business Development for the Automotive sector in the Americas. “We appreciate the trust and commitment that Ford has shown in awarding CEVA this business and look forward to contributing to the operation’s success.”
For more information contact:
Kay Hart, CEVA
T: +1 281 618 3292
CEVA - Making business flow
CEVA, 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 44,000 employees in more than 170 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 2014 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.