Volvo selects CEVA for customs brokerage in the U.S.

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Printer-friendly versionPrinter-friendly version Houston, USA, 11 March, 2014 – CEVA Logistics, a leading global supply chain management company, today announced that Volvo Cars of North America, the Rockleigh, New Jersey-based subsidiary of the Swedish luxury automotive manufacturer, has selected CEVA’s customs brokerage services for its U.S. business. The U.S. market is Volvo’s largest market, with the brand having been sold in the U.S. for more than 60 years.  According to Maureen Syme, Customs Manager of Volvo, “Volvo chose CEVA’s customs brokerage services due to the proactive and forward thinking solutions the company proposed coupled with its knowledge of best practices in this area. CEVA has a comprehensive understanding of our business needs and will help us drive our brokerage program to new levels of efficiency.” CEVA’s selection further validates the company’s leadership in managing logistics for the global Automotive sector.  “Our newest Volvo relationship leverages CEVA’s deep expertise in the Automotive sector and customs brokerage to bring unique value to the customer,” said Kimberly Wakeman, Senior Director, Business Development, Customs Brokerage and Trade Services, for CEVA.  “Beyond pricing, Volvo was impressed with our compliance capabilities and our Zero Defect Start-up (ZDS) process.”  CEVA’s ZDS process is an integral part of CEVA’s Project Management methodology and is designed to get customer implementations right the first time.  ZDS ensures a standard approach to project implementation with ZDS project managers across all CEVA operations globally trained on the framework and experience in best practice ZDS project implementation tools. CEVA has a rich heritage in customs brokerage, with a lineage dating back more than 124 years.  The company has extensive customs brokerage resources in the U.S., including deeply experience licensed brokers and several hundred import professionals. For more information contact: Kay Hart, + 1 281 618 3292 CEVA - Making business flow CEVA, 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 44,000 employees in more than 170 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit 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 2014 and beyond, 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.

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