CEVA in US free trade zone alliance with IMS Worldwide

CEVA Global Logistics and IMS Worldwide (IMSW) have entered into a strategic alliance to offer the benefits of Foreign Trade Zone (FTZ) services to US customers.
The partnership’s development of zone managed services in certain FTZ activities will achieve improved efficiency and "substantial savings" in duties or import fee reductions as well as cash flow improvements through reductions in working capital.
A joint statement said that CEVA’s collaborative alliance with IMSW, specialising in th FTZ consulting and operations in the US, allows CEVA to "enhance, grow and expand their current FTZ offerings to all of their ocean and air gateways in North America".
Jerome Lorrain, CEVA’s chief operating officer for global freight management, said: "Our continuing effort to streamline our customers’ supply chains, squeezing every bit of costs out of the logistics process, is greatly aided by this alliance with IMSW, which is considered one of the top FTZ experts in the country.
"We have worked with them for over 12 years now, and a stronger, more integrated approach is going to be a great addition to our import and contract logistics operations."
Trey Boring, senior VP of IMSW, commented: "We are excited about this Alliance as IMSW has been looking for the right partner to grow our current Managed Services business, and CEVA has great reach into Asia, Europe, North America and Latin America. Together we feel this combination is second to none in the industry."
In addition to offering FTZ services, CEVA’s Strategic partnership with IMSW allows the alliance to offer "cutting edge e-commerce solutions and further expand the footprint in air cargo forwarding".