CEVA Launches Vehicle Logistics Division in Thailand
17 September 2008 - 11:53 CET
Bangkok, Thailand, September 17, 2008 - CEVA Logistics, one of the leading supply chain companies in the world , has launched a new division - Vehicle Logistics in Thailand. CEVA already has extensive capabilities for both Contract Logistics and Freight Management. This new activity further complements the CEVA service offering in Thailand.Providing services nationwide, CEVA Vehicle Logistics (Thailand) is targeting car dealers, automotive manufacturers, auction houses and finance companies. The new division can move up to 880 cars at one time, and has a storage capability of up to 20,000 cars.
Utilising a fleet of 150 vehicles and 400 skilled workers, CEVA has already carried out over 98,000 car movements since April 2008.
Mark Thornton, Section General Manager, CEVA Vehicle Logistics (Thailand) Ltd., commented, "Customer needs are changing, and as more companies are looking to alternatives to self drive delivery of vehicles, the launch of this new division will meet the growing demands for better information, professionally-managed delivery service and competitive pricing for their vehicle transport needs.
CEVA Vehicle Logistics is well-positioned to become a leading choice because of the efficiencies of scale, logistical supply chain management capabilities, and the overall professional level of service we offer."
For media inquiries, please contact:
CEVA Asia Pacific (Singapore)
May Chng
+65 (0) 6507 2763
may.chng@cevalogistics.com
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 more than 56,000 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 € 6.3 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 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.
