CEVA Logistics creates Centres of Excellence for magazine distribution
23 December 2008 - 14:52 CET
ASHBY DE LA ZOUCH, 23 December 2008 - CEVA Newsfast has created three new Centres of Excellence for its magazine business. CEVA Newsfast, a division of CEVA Logistics, one of the world's leading supply chain companies, is combining its ocean, air, road and rework services for the magazine sector, in which it is already a market leader."Combining export and domestic freight in this way will enable CEVA to introduce a number of efficiencies across its magazine distribution business. Consolidation will also enable us to have better visibility of the inbound supply chain and we will be able to extract maximum value from this for our customers. Tracking technology systems are also being introduced," says David Bermingham, Managing Director, CEVA Newsfast.
Under the realignment CEVA will operate three Centres of Excellence based at Braintree, Heathrow and Felixstowe. A phased implementation has been put in place for the migration process.
CEVA currently operates import and export freight activities from its depot in Thurrock. The ocean freight activity will migrate to CEVA at Felixstowe and the export of magazines will be managed by CEVA Newsfast, Braintree. Air freight will be managed by CEVA at Heathrow. Combining the export and domestic freight will enable CEVA to introduce a number of efficiencies. Employees from Thurrock are relocating to the respective locations over the next few weeks. CEVA will continue to utilise its Thurrock depot as a storage facility.
About CEVA Newsfast
CEVA Newsfast operates the largest high quality multi-user logistics network in the UK. It has a fleet of 800 vehicles working through its network of 19 multi-user depots for more than 80 clients. CEVA Newsfast carries more than 100 million newspapers a year and also makes more than 1,000 wholesale magazine deliveries every week, for 1,300 different titles.
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 € 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.
