SINGAPORE, Aug. 8, 2012 /PRNewswire-Asia/ -- CEVA Logistics, one of the world's leading supply chain management companies, is pleased to announce the continued success of its LCL (Less-than-Container Load) services in Asia Pacific. Since launching its dedicated LCL services in 2011, CEVA has more than tripled the number of lanes globally and has invested in the back office and infrastructure necessary to provide optimized cargo handling.
In Asia Pacific, Singapore is CEVA's regional LCL hub, providing easy access from Asia to the rest of the world. The strategically located Singapore hub now handles 15 weekly consolidations throughout Asia Pacific, with dedicated space within the Container Freight Station (CFS). The CFS is staffed with a dedicated expert team which handles all inbound and outbound LCL shipments and scheduling with direct services to all major ports in Southeast Asia as well as Shanghai, Hong Kong, Busan and Tokyo. Full online track and trace visibility of key shipment milestones means customers know exactly where their cargo is at any given point in the supply chain. The shipment tracking is supported by the CEVA Matrix One Freight System, using an innovative electronic application platform to enable all CEVA's Oceanfreight services.
In addition to LCL services, Singapore's location is ideal for customers who desire multi-country consolidation options, allowing them to build their own FCLs (Full Container Loads) through the consolidation hub, providing flexible and efficient transportation across Asia Pacific.
"Our Singapore hub is a true demonstration of how important optimized handling and cargo scheduling is fundamental to the delivery of our LCL and FCL services. By managing the process ourselves, we are able to offer faster freight availability for local Singapore cargo, in addition to faster turnaround of transhipment cargo to other Asian destinations. Maintaining our schedule integrity as a supply chain partner is critical to keeping our customers' inventories and production lines running efficiently," said Avery Tan, CEVA's Regional LCL Director, Asia Pacific.
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 euro6.9 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.
For more information contact:
CEVA
Wen Dee Foo
Director, Marketing and Communications, Asia Pacific
Tel: +65-6507-2650
Email: wendee.foo@cevalogistics.com
