HOUSTON, Aug. 20 /PRNewswire/ -- CEVA Logistics, one of the leading
supply chain companies in the world, was recognized as the recipient of two
"Kaizen Challenge Awards" by Toyota Motor Sales (TMS) at its annual
Logistics Partner meeting, for the second consecutive year. The Kaizen
Challenge gives TMS' service providers an opportunity to work with the
company to improve its business processes. Kaizen, which means "continuous
improvement," is a key component of the Toyota Production System (TPS) and
exemplifies the company's continuous efforts to achieve the highest
quality, lowest cost and shortest lead-time.
This year, CEVA's winning entries focused not only on process
improvement and cost savings, but also on environmental and safety
awareness. "Clean Sweep," the first of CEVA's kaizen projects, targeted
unkempt work areas and warehouse and equipment placement. CEVA's redesign
of the work area in the warehouse has resulted in improved safety,
increased productivity and standardized work processes. For the second
winning project, "Go Green," CEVA developed a pallet model for the local
transfer from Toyota North American Parts Center California (NAPCC). The
outcome of this project has been improved pallet utilization, warehouse
utilization and environmental footprint for Toyota and CEVA.
"CEVA is an outstanding partner of Toyota, exhibiting the highest
commitment to kaizen and continuous improvement. In recognition of their
superior performance CEVA was presented with not one, but two of our four
Kaizen awards," said Carole Suwa, Toyota Logistics Operations Manager,
North American Parts Operations. "CEVA was selected from among more than 20
of our key logistics partners who participated in the Kaizen Challenge
Program. Toyota sincerely thanks the staff at CEVA for their hard work and
dedication to Toyota and our partnership in the spirit of kaizen."
"I am very proud of our partnership with Toyota and our accomplishments
as a team. It is especially rewarding when we can work together to develop
environmentally responsible solutions that improve processes in a
cost-efficient manner," said Joe Bento, CEVA President, Americas and Global
Freight Management.
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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