CEVA creates new regional force for north Asian logistics

SHANGHAI,April 2,2019 -- CEVA Logistics has increased the cooperation between markets in Greater China,Japan and South Korea with the creation of the CEVA North Asia cluster covering all three countries.

CEVA

Geographically and in terms of population,the new North Asia cluster will be one of the largest CEVA Logistics operations worldwide,and will continue focusing on the very best service offers in Freight Management and Contract Logistics.

The new structure will strengthen the CEVA business by having two of the top three economies of the world run through one single contact window. CEVA's customers will benefit from optimized operations processes.

New multimodal services from Japan and South Korea via China to Europe and additional new trucking services will be introduced and implemented by the cluster during 2019.

This new cluster will also enable CEVA to further develop and grow its business at the same time as optimizing business processes which will keep the organization agile and competitive while delivering high-quality services to customers.

"Our organizations in Greater China,Japan and South Korea are well-functioning and highly proficient. Our dedicated staff work professionally,providing value to our customers,shareholders and the society as a whole. I'm convinced that the restructuring will bring about more internal and external opportunities and reinforce our profitability. We will continue to work closely together to foster a culture of communication,trust,and mutual understanding in order to deliver the best solutions to our customers in all three countries," says Torben Bengtsson,Executive Vice President of CEVA's North Asia cluster.

CEVA - Making business flow

CEVA Logistics,a global asset-light third-party logistics company,designs and operates industry leading supply-chain solutions for large and medium-size national and multinational companies. Its integrated network in Freight Management and Contract Logistics spans more than 160 countries. Approximately 58,000 employees are dedicated to delivering effective solutions across a variety of industry sectors where CEVA applies its operational expertise to provide best-in-class services. CEVA generated revenue of US$ 7.4 billion and Adjusted EBITDA of US$ 260 million in 2018. CEVA Logistics is listed on SIX Swiss Exchange under ticker symbol CEVA. For more information,please visit www.cevalogistics.com

Photo - https://photos.prnasia.com/prnh/20190401/2418632-1