Singapore, 14 March 2012 – CEVA Logistics, one of the world’s leading supply chain companies, has announced the launch of three new Less-than-Container Load (LCL) lanes into Australia. The latest additions to CEVA’s global Oceanfreight services are from Shanghai, China and Singapore to three locations in Australia: Sydney, Melbourne and Fremantle.
The three lanes in Asia Pacific are already operational. Transit time from Shanghai to Sydney is 16 days and also serves the Brisbane area. With expedited cargo clearance at CEVA’s Container Freight Station (CFS) upon arrival, delivery to final destinations in Sydney happens just three to five days after the vessel arrives in port and to Brisbane within a further two days. The Shanghai to Melbourne transit, also serving Adelaide, is 19 days and also benefits from faster freight availability through CEVA’s CFS in Melbourne. CEVA is delivering locally in Melbourne within three to five days of vessel arrival, with guaranteed overnight transit to Adelaide. Both the Brisbane and Adelaide moves are managed by CEVA Ground, CEVA’s specialist organization which provides full transportation management services through its integrated road linehaul service. The Singapore to Fremantle transit time is approximately seven days, with faster freight availability at CEVA’s Perth CFS.
Shanghai and Singapore’s strategic locations make them ideal regional hubs to connect Asia with the rest of the world, and CEVA’s integrated network offers direct access to over 100 trans-shipment destinations throughout Southeast Asia and the Indian sub-continent.
Greg Scott, CEVA’s Global LCL Director commented in a press release: “The continued expansion of our global LCL offering is very much focused on the needs of our customers and our desire to offer them world class Oceanfreight solutions. With Shanghai and Singapore recognized as two of the world’s busiest ports, these new routes provide our customers with much needed services into Australia, and they are safe in the knowledge that their goods are safely in CEVA’s control, from start to finish.”
All sailings offer complete visibility through CEVA’s Track and Trace tool, which allows customers to see exactly where their goods are at any point in the supply chain. Further services to Sydney and Melbourne out of Hong Kong and Hamburg, Germany are also planned in the coming months.
CEVA:
CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 51,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2011, the Group reported revenues of €6.9 billion. For more information, please visit www.cevalogistics.com
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2011 and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. 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 annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. 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. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
