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US$20 million investment for CEVA UK

PRESS RELEASE

October 22, 2014: CEVA Logistics, one of the world's leading supply chain management companies, is delighted to announce a major fleet investment program within the UK.

The investment, worth $20 million, will add 120 tractor units, 40 rigid vehicles and 180 new trailers to CEVA's extensive UK ground transport fleet before the end of 2014. All of the vehicles will be fitted with telematics and the rigid vehicles will have an innovative load restraint system to enable use across multiple CEVA operations. CEVA and its customers will also benefit from some weight saving enhancements to the trailer specification, which increases carrying capacity to 29.2 tons.

Speaking about the investment, Michael O'Donoghue, CEVA's Executive Vice President, UK, Ireland and Nordics commented: "We are delighted to make this investment in our ground transport operation. It increases our size and scale and signals our optimism in the UK marketplace."

Michael continues: "We've also added innovative and creative solutions that will benefit our own operations and our customers'. All of the vehicles on order will be fitted with telematics which help us to measure, monitor and continually improve the behavior of our drivers in terms of safety and efficiency."

In the UK, CEVA has embraced a number of innovations to improve its sustainability, efficiency and environmental credentials which led to a saving of 6,000 tons of carbon dioxide in 2013. In order to make these savings, CEVA introduced longer semi-trailers, double deck trailers and improved vehicle aerodynamics. Through the use of telematics, CEVA monitors driver performance for every journey against seven fuel indicators in addition to providing safe and fuel efficient driving training for its drivers.

The new fleet will be predominately used for CEVA's Consumer and Retail operations in the UK and will form part of CEVA's ground transportation service which uses sophisticated monitoring systems to give CEVA, and its customers, outstanding flexibility, control and visibility.

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