CEVA Logistics AG: CEVA and IMS Worldwide enter strategic alliance for Foreign Trade Zone services in the USA Mittwoch, 30. Mai 2018 - 17:35

CEVA Logistics AG / Key word(s): Alliance
CEVA Logistics AG: CEVA and IMS Worldwide enter strategic alliance for
Foreign Trade Zone services in the USA

30.05.2018 / 17:35

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CEVA and IMS Worldwide enter strategic alliance for Foreign Trade Zone
services in the USA.

Houston, USA, 30 May 2018 - CEVA Global Logistics, LLC (CEVA) and IMS
Worldwide, Inc. (IMSW) have announced that they have entered into a
Strategic Alliance to offer the benefits of Foreign Trade Zone (FTZ)
services to customers in the USA.

The partnership's focus is the development of a sophisticated Zone Managed
Services offering that is rooted in compliance, efficiency and experience.
Based on an in-depth analysis of the customers' supply chains, CEVA and IMSW
can offer to integrate certain activities into FTZ environments and
therefore achieve improved efficiency and substantial savings in terms of
duties or import fee reductions as well as cash flow improvements through
reductions in working capital.

The combined collaborative alliance with CEVA and IMSW, a leader in the FTZ
consulting and operations in the US, allows CEVA to enhance, grow and expand
their current FTZ offerings to all of their Ocean and Air gateways in North
America as well as utilize their extensive Contract Logistics expertise and
footprint to offer further benefits to their customers within the FTZ.

Jerome Lorrain, CEVA's Chief Operating Officer for Global Freight
Management, announcing the alliance said: "Our continuing effort to
streamline our customers' supply chains, squeezing every bit of costs out of
the logistics process, is greatly aided by this alliance with IMSW, which is
considered one of the top FTZ experts in the country. We have worked with
them for over 12 years now, and a stronger, more integrated approach is
going to be a great addition to our import and contract logistics
operations."

Trey Boring, Senior Vice President of IMSW, and past Chairman of the NAFTZ
Association, which represents the FTZ industry commented: "We are excited
about this Alliance as IMSW has been looking for the right partner to grow
our current Managed Services business, and CEVA has great reach into Asia,
Europe, North America and Latin America. Together we feel this combination
is second to none in the industry."

In addition to offering FTZ services, CEVA's Strategic partnership with IMSW
allows this Alliance to offer cutting edge e-commerce solutions and further
expand the footprint in air cargo forwarding.

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Note to the editors :

The FTZ program started in the US in 1934 and is in use across all states,
particularly at large gateway points such as Houston, Los Angeles, Miami,
Dallas, Chicago, Phoenix, El Paso and New Jersey, etc. An FTZ allows federal
taxes and fees to be lowered, eliminated or even exempted from payment.

For more information, please contact:

Investors:
Pierre Benaich
SVP Investor Relations
pierre.benaich@cevalogistics.com
+41 41 547 0048

Media:
David Urbach
SVP Corporate Development
david.urbach@cevalogistics.com
+41 799 333 083

or

Pilot Marketing
Cathy Howe ch@pilotmarketing.co.uk
London, UK
+44 20 8941 5381

IMSW Media USA:
Kelly Halvorsen,
Senior Project Manager and PR Specialist
kelly.halvorsen@imsw.com
281-554-9099

CEVA - Making business flow
CEVA Logistics, a leading global asset-light supply chain management
company, designs and implements industry leading solutions for large and
medium-size national and multinational companies. Approximately 56,000
employees in more than 160 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
www.cevalogistics.com.

IMS Worldwide - Finding Solutions in your Supply Chain
IMSW has been involved in creative solutions which provide real value
propositions to shippers, ports, railroads and industrial real estate
clients for over 40 years. Specializing in Foreign-Trade Zone management and
operations, IMSW has created Zones for over 350 customers; including public
agencies (Port of Los Angeles, Houston, Ft. Lauderdale and others) and
Fortune 500 importers, exporters and shippers. IMSW's expertise in supply
chain solutions continue to save our customers millions of dollars in
establishing new routes and new streamlined services to extract dollars out
of already efficient supply chains. IMSW is considered the Best Practices
FTZ consulting service provider in North America.