CEVA enhances LCL distribution network in the U.S.
Use of own CFS puts freight in customers’ hands up to three days faster CEVA Ground specialist road transportation completes door to door service
Houston, U.S., 13 August, 2012 – CEVA Logistics, one of the world’s leading supply chain management companies, has today announced the further enhancement of its LCL (Less-than-Container Load) Oceanfreight services, with expansion in the U.S. Midwest.
In addition to the growing number of sailings worldwide, CEVA has augmented its LCL services in the U.S. Midwest by bringing all inbound consolidation containers into its own CFS (Container Freight Station) in Elk Grove Village, Illinois. Onward distribution within the Midwest is then managed using CEVA’s Roadfreight organization, CEVA Ground.
The combination of CEVA’s well-established Roadfreight network and highly efficient CFS now delivers daily overnight IPI services to 10 U.S. Midwest network locations, more than doubling the prior service frequency and putting the cargo in the hands of customers up to four days faster.
Robert Braun, CEVA’s Regional LCL Director – Americas said: “We remain committed to continually enhancing our LCL Oceanfreight services and by managing the entire operation within CEVA’s own network we are not just reducing overall transit times by up to four days, we are able to guarantee our customers the consistent high level of quality they have come to expect from us. The combination of our CEVA Ground network with our LCL solution is a perfect fit and we will be introducing additional combined services in 2012.”
Currently, inbound containers are arriving in Illinois, U.S. from various locations in Asia Pacific, with plans for additional European and Asian origins to be added by the end of this year.
For more information contact:
Charlotte Johnson, Blanc & Otus
cjohnson@bando.com
+1 512 432 1862
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 51,000 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 2011, the Group reported revenues of €6.9 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 2012 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.
