Singapore, 17 April, 2012 – CEVA Logistics, a leading global supply chain management company, today announced the launch of its Less than Truck Load (LTL) service as part of CEVA Ground’s cross-border Roadfreight offering in Asia Pacific.
The LTL service will enhance CEVA’s existing cross-border solution which runs from Singapore to China with an average of 500 trips each month for various multinational customers in the region. CEVA’s cross-border service currently provides an integrated and cost effective solution for customers that need to balance speed and timely shipments throughout Asia with Full Truck Load (FTL) services. The new LTL services will leverage CEVA’s established FTL regional network to offer a wider range of services for its customers and greater choice between LTL and FTL for faster response and delivery times. CEVA Ground is already recognized as a market leader for domestic and cross-border ground transportation needs in China and this new offering will build on the knowledge and capabilities gained in this territory.
The LTL service will launch with three initial cross-border lanes: from Shenzhen, China to Penang, Malaysia; Ho Chi Minh, Vietnam to Shenzhen in China, and Singapore to Kuala Lumpur, Malaysia. These lanes are heavily travelled routes and critical links in companies’ supply chains.
Norm Mummery, Senior Vice President, Regional Operations, for Asia Pacific said: “We are very pleased with the success we have had since launching our cross-border Roadfreight solution last year. Our integrated Roadfreight services are now further enhanced to meet our customers’ varying needs with the addition of the LTL offering. Intra Asia freight movements continue to be a rising trend in line with the economic growth in the region and CEVA’s local expertise enables us to deliver greater value to our customers, offering reliability, speed, the highest security standards and world-class Freight Management systems and processes.”
CEVA intends to grow the number of LTL lanes over the next two years, including Shenzhen, China to Bangkok, Thailand, and Kuala Lumpur to Bangkok, to augment its already well connected and comprehensive regional road network across Asia.
For more information contact:
Wen Dee Foo
Director, Marketing and Communications, Asia Pacific
Tel: +65 65072650
Economist Intelligence Unit (EIU) 2012 – Asia Competition Barometer, Transport and Logistics