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30.05.2018 – 17:37

CEVA Logistics AG

EQS-News: CEVA Logistics AG: CEVA and IMS Worldwide enter strategic alliance for Foreign Trade Zone services in the USA


EQS Group-News: 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.

# # #

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 Howech@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 visitwww.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.
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=BUNRJIXTKP
Document title: CEVA and IMS Worldwide enter strategic alliance for Foreign
Trade Zone services in the USA

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End of Corporate News
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690965  30.05.2018