Saving customers freight costs and improving transit times
SHANGHAI, March 21, 2013 /PRNewswire/ -- CEVA Logistics, a leading global supply chain management company, today announced the launch of a new China to Europe railway service.
CEVA's new China-Europe railway service connects Suzhou in China with the Netherlands in Europe. The total transit time for the whole journey is approximately 28 days, covering an 11,000 km northern route moving from Suzhou in China, across Russia to arrive in the Netherlands.
This new route follows the successful trial service which CEVA conducted for a customer in the Technology sector. The trial shipment arrived earlier than the planned date by five days. The unique railway service offering by CEVA brought significant cost savings to the customer compared to Airfreight, as well as shorter transit time of 13-15 days compared to Oceanfreight. The flexibility of daily schedules departing from Suzhou makes it an attractive railway service route connecting China and Europe.
For the trial service, the shipment was loaded during China's spring festival travel season, the well-known peak season of rail transportation in the country, and the container went through Europe at extreme cold temperatures as low as -38 degree Celsius. CEVA not only provided GPS tracking and visibility throughout the journey, it also provided specially insulated packaging materials to protect the products against extreme cold temperatures and, likewise, will provide packing to keep products cool in the container during the hot summer climate.
Martin Thaysen, Executive Vice President, China says: "This new service provides more options for customers to optimize their supply chain by integrating different transportation modes. We are constantly aiming to provide innovative solutions to customers and this is a good example of where we combined our experience in China's domestic network coupled with our international freight solutions and continues to optimize our customers' supply chains. We developed this new railway route as a unique service offering for customers to take advantage of the flexibility of daily departures from Shanghai and Suzhou, the significant cost savings compared to Airfreight and much shorter transit time than Oceanfreight."
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 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.
For more information contact:
Anita Wei
+86-21-2310-7688
Anita.wei@cevalogistics.com
