CEVA wins Best Green Logistics Operator award at Asian Freight and Supply Chain Awards 2014

Singapore, 26 June, 2014 – CEVA Logistics, a leading global supply chain management company, was awarded the Best Green Logistics Operator award at the 28th Asian Freight and Supply Chain Awards (AFSCA) held in Shanghai recently.

The annual awards organized by Cargonews Asia are designed to honor leading organizations for demonstrating leadership as well as consistency in service quality, innovation, customer relationship management and reliability.

Nominations for each category were voted for by readers of Asia’s leading shipping, supply chain and cargo transport publication, Cargonews Asia. The results are finalized by an independent auditor and CEVA was named as a finalist in the Best 3PL and Best Green Logistics Operator categories.  The winners of the awards were announced at the AFSCA 2014.

Peter Dew, CEVA’s President of Asia Pacific commented: “I am very pleased that CEVA is named the Best Green Logistics Operator in Asia Pacific. This is a significant award by the industry that recognizes CEVA’s effort in providing greener supply chain solutions to our customers. In our customer surveys, many of our customers are putting sustainability as one of the top agenda items in their supply chain management. At CEVA, our commitment to sustainability helps us reduce waste and share the benefits with our customers. This approach permeates the way we do business, from warehousing operations to transportation, solution design to procurement policy.”

CEVA, together with our customer Wartsila, a leading global supplier of marine and power plant solutions, were jointly named as winners of the Lean and Green Star Award last year for successfully reducing CO2 emissions by 60% at Wärtsilä’s warehousing operation in Kampen, the Netherlands.

CEVA’s presence in over 170 countries provides a truly global network with local expertise in various market sectors to support the logistics needs of its customers.

For more information contact:

Wen Dee Foo, Director, Marketing and Communications,CEVA, Asia Pacific
 wendee.foo@cevalogistics.com
+65 65072650

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.