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Bangkok, Thailand, 2009/03/26 - CEVA Logistics, one of the world’s leading supply chain companies, today announced that it had maintained its number one position in the International Transport Air Association (IATA) ranking in Thailand.
This is the second consecutive year that CEVA tops the IATA ranking list after it announced a 27% airfreight growth and achieved over 3.8 billion Baht of airfreight sales volume in Thailand for 2008.
“Certainly, this is an impressive accomplishment that we are able to maintain our leading airfreight position in Thailand even during these tough times. I believe that the local demand for outsourcing logistics will continue to grow as companies look to consolidate their operations and focus on their primary business needs.” commented Roy Tan, CEVA’s Country Manager for Freight Management operations in Thailand. Tan furthermore shared that the outstanding performance is directly attributable to the team’s commitment in one of the CEVA’s key values ‘Customers Come First’. “Our team takes pride in meeting our customers’ needs and expectations, driving us in everything we do. In addition, establishing a reliable relationship with the airline partners is a very important component in our airfreight operations today.” said Tan.
In Thailand, CEVA employs more than 3,800 people across its 700,000 square meters of warehouses and shipping yards, and operates over 520 dedicated vehicles and trailers. In terms of air freight services, CEVA provides international coverage in more than 100 countries and offers a comprehensive range of services including critical response service for urgent shipping needs, oversized cargo and worldwide charter services.
About CEVA - Making Business Flow
CEVA Logistics (cevalogistics.com) is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn.
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.