TNT Logistics changes name to CEVA Logistics

TNT Logistics, the pure play contract logistics company, has changed its name to CEVA Logistics.

In connection with the name change, the company also unveiled its new corporate identity and has already begun doing business under the new brand across 26 countries worldwide. As the second largest logistics company world wide, CEVA has a turnover of 3.5 billion. It employs 38,000 people and operates over 7.4 million square metres of warehouse space across 26 countries world wide.

After the unveiling ceremony of the new brand name and logo, Dave Kulik, CEO of CEVA commented: Our new company brand represents a significant milestone in the companys long history and completes our transition from a company division to a stand-alone logistics company. The CEVA brand will be synonymous with advanced logistics technology and exceptional quality of service to customers worldwide. Our rebirth as CEVA gives us the opportunity to focus 100% of our energy on becoming the leading global service provider in logistics. The overall branding which will be completed in 2009 world wide incorporates the triangle into its logo. This symbol of a triangle is important to us, because it represents the essence of supply chain and CEVAs excellence in connecting a multitude of trading partners.

About CEVA Logistics
CEVA Logistics is a leading global logistics and supply chain management company. It designs, implements and operates complex supply chain solutions on a national, regional or global scale for multinational and large local companies. It provides customers with end-to-end logistics solutions spanning the entire supply chain. The company focuses on a diverse range of market sectors including automotive, tyres, high-tech/electronics, industrial, fast moving consumer goods (FMCG), and publishing & media. CEVA employs 38,000 people and operates an extensive global network with facilities in 26 countries worldwide, maintain 567 warehouses globally with a combined space of approximately 7.4 million square meters. For fiscal year 2005, CEVA reported sales of 3.5 billion. CEVA is owned by affiliates of Apollo Management, L.P., one of the leading private equity investors in the world.