Singapore, 24 October, 2012 CEVA Logistics, a leading global supply chain management company, was presented with the Supply Chain Innovation Award at this year s SCM Logistics Excellence Awards held in Singapore recently. The annual SCM Logistics Excellence Awards are designed to honor leading supply chain organizations for excellence in supply chain management and logistics. Companies and practitioners who have successfully engineered their supply chains to achieve greater agility and profitability are recognized by the industry for their outstanding achievements.
The Supply Chain Innovation Award is a brand new category in this year s honor roll to commend the company that has applied innovative thinking and measures to improve their business performance and impact the market. Nominations for each category were judged and finalists shortlisted by a select panel of distinguished industry professionals and supply chain academia. The winners of each category were then selected through online voting by a wider audience of industry peers, supply chain and logistics professionals across Asia.
Elaine Low, CEVA s Executive Vice President for Business Development, Asia Pacific said, I am delighted to receive the Supply Chain Innovation award on behalf of CEVA. This award is all the more meaningful for us as the market becomes more dynamic and complex, and we are clearly recognized in the industry for our innovative thinking and solutions that meet today s supply chain needs. We believe the close collaboration we have with our customers and suppliers, and the dedication of our employees, enable CEVA to continue creating value through innovation for our customers success.
CEVA s presence in over 170 countries provides a truly global network with local expertise in various market sectors to support the logistics needs of its customers. For more information contact: CEVA Logistics Wen Dee Foo Director, Marketing and Communications, Asia Pacific Tel: +65 65072650 Email: [email protected] CEVA Making business flow CEVA Logistics, one of the world s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 51,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries.
For the year ending 31 December 2011, the Group reported revenues of 6.9 billion.
For more information, please visit www.cevalogistics.com Tagged as: 3PL, CEVA, Distribution, Freight, Logistics, Supply Chain, Transportation, Warehousing Article source: http://www.logisticsmatter.com/2012/10/24/ceva-wins-the-supply-chain-innovation-award-at-scm-logistics-excellence-2012/ CEVA wins Lear s Logistics Services Supplier of the Year award Damco wins Supply Chain Best Partnership at SCM Logistics Excellence Awards CEVA wins prestigious AEO Excellence Awards in the UK Game against discrimination wins the European Innovation Award from DB Schenker Logistics CEVA wins contract to manage Lavazza s supply chain in Spain and Portugal
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CEVA wins the Supply Chain Innovation Award at SCM Logistics …
MINNEAPOLIS (BUSINESS WIRE) Oct.
23, 2012 C.H. Robinson Worldwide, Inc.( C.H. Robinson ) (NASDAQ: CHRW), today reported financial results for the quarter endedSeptember 30, 2012.
Summarized financial results for the quarter endedSeptember 30are as follows (dollars in thousands, except per share data): Our truck net revenues, which consist of truckload and less-than-truckload ( LTL ) services, increased 2.1 percent in the third quarter of 2012. Our truckload volumes increased approximately eight percent in the third quarter of 2012 compared to the third quarter of 2011. Our truckload net revenue margin decreased in the third quarter of 2012 compared to the third quarter of 2011, due to increased cost per mile.
Excluding the estimated impacts of the change in fuel, our average truckload rate per mile to our customers was unchanged in the third quarter of 2012 compared to the third quarter of 2011. Our truckload transportation costs increased approximately one percent, excluding the estimated impacts of the change in fuel. Our LTL net revenues increased approximately 11 percent.
The increase was driven by an increase in total shipments of approximately 17 percent, partially offset by decreased net revenue margin. Our intermodal net revenues decreased 4.4 percent in the third quarter of 2012. This was due to decreased net revenue margin, offset partially by volume growth.
Our net revenue margin decline was due to a change in our mix of business and increased cost of capacity. Our ocean transportation net revenues increased 3.5 percent in the third quarter of 2012, due to increased pricing, partially offset by volume declines. Our air transportation net revenues decreased 9.0 percent in the third quarter of 2012 due to pricing declines, partially offset by volume increases.
Other logistics services net revenues, which include transportation management services, customs, warehousing, and small parcel, increased 16.6 percent in the third quarter of 2012. This was primarily due to transaction increases in our transportation management and customs net revenues. Sourcing net revenues increased 2.0 percent in the third quarter of 2012.
This was due to volume growth, partially offset by decreased net revenue margin. Excluding Timco Worldwide, which was acquired onSeptember 26, 2011, we estimate that Sourcing net revenues decreased approximately two percent in the third quarter of 2012. Our payment services net revenues increased 4.2 percent in the third quarter of 2012 primarily due to an increase in transactions.
OnOctober 16, 2012, we completed the sale of our payment services business,T-Chek Systems, Inc., toElectronic Funds Source, LLC. The related assets and liabilities that were sold are classified as held for sale on the balance sheet as ofSeptember 30, 2012. For the third quarter, operating expenses increased 2.6 percent to$245.4 millionin 2012 from$239.1 millionin 2011.
This was due to an increase of 0.7 percent in personnel expense and an increase of 8.3 percent in other selling, general, and administrative expenses. For the third quarter, operating expenses as a percentage of net revenues increased to 56.7 percent in 2012 from 56.5 percent in 2011. Our personnel expense increase was driven by an increase in our average headcount of approximately nine percent, partially offset by declines in various incentive plans that are designed to keep expenses variable based on growth in earnings.
Other operating expense growth was driven primarily by an increase in the provision for doubtful accounts, accounting and legal due diligence costs related to acquisitions, and in travel expenses, partially offset by a decrease in claims. Founded in 1905,C.H. Robinson Worldwide, Inc., is one of the largest non-asset based third party logistics companies in the world.C.H.
Robinsonis a global provider of multimodal transportation services and logistics solutions, currently serving over 37,000 active customers through a network of 234 offices inNorth America,South America,Europe,Asia, andAustralia.C.H. Robinsonmaintains one of the largest networks of motor carrier capacity inNorth Americaand works with approximately 53,000 transportation providers worldwide. Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events.
These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience or our present expectations, including, but not limited to such factors as changes in economic conditions, including uncertain consumer demand; changes in market demand and pressures on the pricing for our services; competition and growth rates within the third party logistics industry; freight levels and increasing costs and availability of truck capacity or alternative means of transporting freight, and changes in relationships with existing truck, rail, ocean and air carriers; changes in our customer base due to possible consolidation among our customers; our ability to integrate the operations of acquired companies with our historic operations successfully; risks associated with litigation and insurance coverage; risks associated with operations outside of the U.S.; risks associated with the potential impacts of changes in government regulations; risks associated with the produce industry, including food safety and contamination issues; fuel prices and availability; the impact of war on the economy; and other risks and uncertainties detailed in our Annual and Quarterly Reports. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update such statement to reflect events or circumstances arising after such date. All remarks made during our financial results conference call will be current at the time of the call and we undertake no obligation to update the replay.
Conference Call Information: C.H. Robinson Worldwide Third Quarter 2012 Earnings Conference Call Tuesday October 23, 2012 5:00 pm. Eastern Time The call will be limited to 60 minutes, including questions and answers.
Presentation slides and a simultaneous live audio webcast of the conference call may be accessed through the Investor Relations link on C.H. Robinson s website at www.chrobinson.com To participate in the conference call by telephone, please call ten minutes early by dialing: 877-941-6009 Callers should reference the conference ID, which is 4568762 Webcast replay available through Investor Relations link at www.chrobinson.com Telephone audio replay available until 12:59 a.m. Eastern Time on October 26: 800-406-7325; passcode: 4568762# Source:C.H.
Robinson Worldwide, Inc. C.H. Robinson Worldwide, Inc.
Chad Lindbloom, chief financial officer, 952-937-7779 or Angie Freeman, vice president, 952-937-7847 Tagged as: 3PL, C.H. Robinson, Freight, Logistics, Transportation, Warehousing Article source: http://www.logisticsmatter.com/2012/10/24/c-h-robinson-reports-third-quarter-results/ C.H. Robinson Reports Second Quarter Results C.H.
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