CEVA's proven performance and operational excellence recognized two years
running
HOUSTON, May 15 /PRNewswire/ -- CEVA Logistics, the fourth largest
supply chain management company in the world, was recently recognized as
"Transportation Partner of the Year" by Fujitsu Computer Products of
America, Inc. (FCPA). For the second year in a row, CEVA has emerged as the
most valued supply chain partner for one of the world's leading suppliers
of innovative computer products.
"CEVA has consistently demonstrated the level of performance and
personal service necessary to earn this award," said Glenn Wood, senior
director, logistics, Fujitsu Computer Products of America, Inc. "Working
closely with FCPA, CEVA has developed and executed innovative solutions
that provide a higher level of service while removing cost from our model.
The fact that CEVA (formerly EGL) maintained service excellence and
enhanced our partnership in the midst of their merger with TNT Logistics is
particularly impressive."
FCPA's service providers were evaluated in the areas of operational
execution, cost reduction initiatives, customer service and technology.
CEVA's performance over the measured period earned the highest score since
the inception of the award. On May 7, Wood presented CEVA with the award at
the world Freight Management Headquarters in Houston, Texas.
"It's an honor to be recognized as Fujitsu Computer Products of
America's top logistics provider for the second consecutive year," said Joe
Bento, president, global freight management, CEVA. "We have worked hard to
differentiate ourselves through flexibility and innovation, but equally
important is the reciprocal commitment by FCPA to a partnership that is
mutually rewarding. We value the relationship we have with FCPA and look
forward to continuing to play a key role in Fujitsu's goals and strategic
objectives for the future."
FCPA and CEVA have continually expanded their transportation
partnership since it began in 2006. Today, CEVA services nearly every
segment of Fujitsu's supply chain, from transportation services including
customs brokerage to contract logistics and manages multiple logistics
facilities for FCPA in North America.
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We
provide end-to-end design, implementation and operational solutions in
contract logistics and freight forwarding to large and medium-sized
national and multinational companies. CEVA employs 54,000 people and runs
an extensive global network with facilities in over 100 countries.
Following the merger with EGL in August 2007, the new combined company had
pro forma sales of euro 6.3 billion. For more information, please visit
http://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 process of combining EGL and CEVA, the actual effects of recent and
future regulatory changes and technological developments, globalization,
levels of spending in major economies, the economic climate in Asia and the
US, 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 integrating recently
acquired businesses and future business combination or dispositions and
other factors detailed in risk factors and elsewhere in CEVA and EGL's most
recent Annual Reports, including but not restricted to the EGL Annual
Report on Form 10-K. 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 filings with the
Securities and Exchange Commission. 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. EGL and CEVA
disclaim any intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events or
otherwise.
SOURCE CEVA Logistics
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Related links:
http://www.cevalogistics.com
CONTACT:
Laura Gorham of CEVA Logistics,
+1-281-618-3465, Laura.Gorham@cevalogistics.com
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