CEVA Ground Becomes The First Global Supply Chain Provider To Be Awarded The TAPA TSR Validation In Mainland China
Hong Kong--(Marketwire) - CEVA Logistics, a leading global supply chain management company, today announced its domestic road transport services division in China, CEVA Ground, has achieved the Transported Asset Protection Association (TAPA) TSR-2008 validation. TAPA is a unique forum that unites global manufacturers, including logistics providers and freight carriers with the common aim of reducing losses from international supply chains. CEVA is the first global supply chain provider to be awarded the TAPA TSR validation in mainland China.
SGS Hong Kong Limited, the company who provides inspection and verification services to ensure that services and systems meet required quality standards, performed the validation; checking CEVA's Trucking Security Requirements (TSR) complied. TAPA's Trucking Security Requirements are an established set of best practice procedures designed to optimize the security of TAPA members' assets. It specifies the exact trucking security requirements acceptable across supply chains.
"At CEVA, we have always excelled in applying TAPA standards to our operations throughout the world. Being the first global supply chain company to achieve this validation for our domestic operations in China underscores our commitment to safety and TAPA standards," commented Ditlev Blicher, CEVA's Executive Vice President for North Asia. "With the steady increase in domestic transportation volumes, the safeguarding of our customers' cargo is now more important than ever."
CEVA - Making business flow
CEVA Logistics provides world class supply chain solutions for large and medium-size national and multinational companies across the globe. As an industry leader, CEVA offers customers complete supply chain design and implementation in contract logistics and freight management, alone or in combination. CEVA's integrated global network has facilities in over 170 countries and more than 46,000 employees; all dedicated to delivering consistently excellent operations and supply chain solutions. For the year ending 31 December 2009, the Group reported revenues of EUR 5.5 billion. For more information, please visit www.cevalogistics.com
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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 downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, 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 future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. 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. 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.
SOURCE: Ceva Logistics