CEVA Logistics AG: CEVA taps new transport for Asian customers

CEVA Logistics AG / Key word(s): Mergers & Acquisitions
CEVA taps new transport for Asian customers

15.04.2019 / 17:30

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Shanghai, 15 April, 2019 - CEVA Logistics North Asia has successfully
launched a new Wednesday Xiamen block train service from China to Europe on
10th of April. The multimodal (Sea-Rail) transportation mode further taps
the potential of trade and cooperation among the countries under the "Belt
and Road Initiative".

Located in the southeast of mainland China, Xiamen is a hub city
geographically favourable located for sea and rail transportation. It
connects China's surrounding coastal countries via the Belt and Road to the
reach the West. Multimodal transport reinforces trade and economic growth
across the region.

Cooperating with Xiamen International Railway Service (XMIRS), CEVA
Logistics started a block train all the way to Duisburg, Germany. With the
transit in Xiamen, sea freight consolidated from Asian countries can easily
take the "Belt and Road" express to the West. "Depending on the origin
cities in Asia, it will take 16-17 days at a minimum to reach the
destination in Europe via Xiamen. More block trains will be operated as
demand grows. I am convinced that the countries and cities along the Belt
and Road will benefit from the advantage of this seamless transportation
mode, which in turn will attract more domestic and foreign enterprises'
attention to Xiamen," said David Wu, General Manager at XMIRS.

"In addition to our recently setup regular trucking service between China
and Europe, multimodal (Sea-Rail) transport is a another mode for connecting
East and West, which saves more than ten days compared with sea transport
alone. We hope to further drive our partnership with XMIRS by opening new
Wednesday block trains and regular Saturday block trains for South China and
Asian customers' alternative transportation needs. We are convinced that our
Xiamen multimodal transport service will grow and develop in the near
future," said Kelvin Tang, Director of Road and Rail at CEVA Logistics North
Asia.

For additional information please contact:

Investors:

Pierre Benaich
SVP Investor Relations
[e-mail]
[phone]

Media:

Matthias Hochuli
Group Head of Marketing and Communications
[e-mail]
[phone]

Cathy Howe
Pilot Marketing
[e-mail]
Tel: [phone]

Jochen Klein/Luthy Ding
Communication and Marketing Manager, North Asia
[phone]
jochen.klein @cevalogistics.com
[e-mail]


Road & Rail:
Kelvin Tang
Director of Road and Rail, North Asia
[e-mail]

CEVA - Making business flow
CEVA Logistics, a global asset-light third-party logistics company, designs
and operates industry leading supply-chain solutions for large and
medium-size national and multinational companies. Its integrated network in
Freight Management and Contract Logistics spans more than 160 countries.
Approximately 58,000 employees are dedicated to delivering effective
solutions across a variety of industry sectors where CEVA applies its
operational expertise to provide best-in-class services. CEVA generated
revenue of US$ 7.4 billion and Adjusted EBITDA of US$ 260 million in 2018.
CEVA Logistics is listed on SIX Swiss Exchange under ticker symbol CEVA. For
more information, please visit www.cevalogistics.com

Xiamen International Railway Service (XMIRS)
Xiamen International Railway Service Co., Ltd is a state-owned subsidiary
company of Xiamen Haitou Supply Chain Operations Co., Ltd. China-Europe
(Xiamen) block train started on August 16, 2015, contains three
international train routes (China-Europe, China-Central Asia and
China-Russia), spanning Europe, Central-Asia, Taiwan, ASEAN with European
destination ports to Hamburg, Duisburg, Budapest, Rotterdam, Moscow and
Alma-Ata. In the future, XMIRS will continue strengthening the cargo
sourcing, vigorously develop international sea-rail combined transportation,
optimize service, improve service efficiency, and build a giant passway
jointing Belt and Road together. For more information, please visit
http://www.xmirs.com