CEVA Logistics One Logic project helps to lower carbon emissions
31 March 2008 - 10:33 CET
MILAN, 31 March 2008 - CEVA Logistics, one of the leading supply chain companies in the world and a top operator in Italy, is celebrating the success of the implementation of the One Logic project to its transport sector. During the first year, CEVA's policy helped eliminate 11,000 heavy trucks from the roads, transferring the loads to alternative long-haul transportation means for trips longer than 700 km. The migration translates into the elimination of approximately 16,000 tons of CO2 and 4 tons of fine particles per year resulting in a positive impact on air quality.One Logic is the general term used to summarize the policy implemented by CEVA to optimize the acquisition of production factors used to render its core business services. The key element of the policy is to migrate from road transport to intermodal transport (railway and sea) while maintaining the service levels and delivery times agreed with receivers. One Logic was launched for CEVA transport services in 2007 and is currently implemented on 60% of transportation and set to reach 100% within the new few months.
Italy has the highest road traffic in Europe and the second highest in the world, with 70% of all transport done through its roads. "We know that Italy is severely lagging behind in terms of infrastructure and that it will take many years before the country can catch up from an environmental perspective. Therefore, we believe that our important contribution to environmental quality stands as an example to show all companies the benefits of adhering to public policies in support of this sector," said Gianfranco Sgro, Chief Operating Officer and Managing Director of CEVA Logistics for South Europe, Middle East and Africa. "Being proactive not only in the quality of our services to Customers, but also in the environmental policies adopted will have to be part of our normal way of doing business."
For more information:
Sara Faravelli
Marketing & Communication Manager
+39 02 89230270
sara.faravelli@cevalogistics.com
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight forwarding to large and medium-sized national and multinational companies. CEVA employs 54,000 people and runs an extensive global network with facilities in over 100 countries. Following the merger with EGL in August 2007, the new combined company had pro forma sales of € 6.3 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 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.
