Another sign that a vital part of Houston's economy is coming back to life
in the wake of Ike.
HOUSTON, Sept. 17 /PRNewswire/ -- CEVA Logistics, one of the leading
supply chain companies in the world, reports both its ground fleet and air
freight divisions are operating at full service following Hurricane Ike.
Transportation accounts for $12.7 billion in revenue annually in the
Houston area, according to the U.S. Census. CEVA Logistics is Houston's
largest provider of transportation logistics for retailers, construction
and energy infrastructure.
As energy companies procure equipment to repair offshore assets and
retail shopping centers throughout the Houston metropolitan area restock
shelves, CEVA Logistics is committed to minimizing the storm's impact on
customers by delivering the same timely and reliable service CEVA's
customers expect.
"We understand many customers in our area have been impacted by the
storm, and CEVA Logistics is working at full capacity to help them get back
to business as usual," said Joe Bento, CEVA President, Americas and Global
Freight Management. "But make no mistake, Houston's open for business."
Hurricane Ike, a Category Two storm with sustained winds of 110 miles
per hour, made landfall along the Texas coast in the early hours of
Saturday, September 13. CEVA's freight-forwarding facilities in the Houston
area regained power Monday, Sept. 15, and resumed normal operations.
Residential customers without power are encouraged to call in advance
before picking up shipments at CEVA's facility at 15350 Vickery Drive in
Houston.
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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