SINGAPORE, Feb. 17, 2011 /PRNewswire-Asia/ --
CEVA Logistics, one of the world's leading supply chain companies, has today launched a cross-border roadfreight solution in South East Asia. Providing an integrated and cost effective solution for customers, CEVA now offers a seamless service from Singapore, through Malaysia, Thailand and Vietnam to China that is both rapid and cost-efficient. This new offering highlights CEVA's commitment to continuously offer leading edge transport solutions across Asia.
South East Asia is a dynamic market and, as a heavily travelled corridor for freight movements, is a critical link in the supply chains of many global organizations. The solution was developed in response to the needs of customers who have to balance speed and timely shipments throughout South East Asia with a cost-effective and reliable service. Deliveringsupply chain services and solutions that meet these challenges are key elements of CEVA's growth strategy.
As CEVA's customer base continues to grow throughout South East Asia, it identified an opportunity to provide this new solution focusing on key tradelanes within the region, in addition to value added services like Customs clearance. CEVA's truly integrated roadfreight solution is underpinned by reliability, speed, the very highest security standards and is supported by world class freight management systems and processes.
Casey Fisher, EVP for CEVA in South East Asia said: "Our new cross border solution perfectly meets the needs of our customers, and is just one way that we are developing solutions that help simplify their supply chains – especially important in this fast growing and dynamic region. The expertise and knowledge we have in each country has been critical to creating this new offering, and it has enabled us to successfully navigate the different Customs and border requirements to bring this exciting new product to market."
CEVA expects approximately 72,000 tons to be carried on the cross border service within the first 12 months, and will be offering Full Truck Load (FTL) and Less Than Truck Load (LTL) services for maximum flexibility in response and delivery times.
CEVA - Making business flow
CEVA Logistics provides world class supply chain solutions for large and medium-size national and multinational companies across the globe. As an industry leader, CEVA offers customers complete supply chain design and implementation in contract logistics and freight management, alone or in combination. CEVA's integrated global network has facilities in over 170 countries and more than 46,000 employees; all dedicated to delivering consistently excellent operations and supply chain solutions. For the year ending 31 December 2009, the Group reported revenues of €5.5 billion. For more information, please visit www.cevalogistics.com
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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. 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:
Foo Wen Dee
Director, Marketing & Communications Asia Pacific
Tel: +65-8488-5311
Email: wendee.foo@cevalogistics.com
