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April 28, 2015 2:40 PM ET

Air Freight and Logistics

Company Overview of Neovia Logistics Services, LLC

Company Overview

Neovia Logistics Services, LLC provides contract third party logistics services to aerospace and defense, automotive, chemicals and petrochemicals, retail and consumer durables, industrial and mining, oil and gas, and technology industries worldwide. Its services include supply chain, inventory management, dynamic warehousing, and simulation technology, flexible transportation, and job-site management services; and inbound logistics solutions. The company also provides maintenance, repair, and operations supply chain solutions, including inventory forecasting and stocking strategy, replenishment and deployment, performance monitoring and analytics, network design, transportation, supplier ma...

6363 North State Highway 161

Suite 700

Irving, TX 75038

United States

Founded in 1986

Phone:

469-513-7000

Key Executives for Neovia Logistics Services, LLC

Chief Executive Officer
Age: 48
President and Chief Operating Officer
Chief Financial Officer
Age: 58
President of Client Services Division
President of Asia Pacific
Compensation as of Fiscal Year 2014.

Neovia Logistics Services, LLC Key Developments

Federal Aviation Administration Proposes $116,250 Civil Penalty against Neovia Logistics Services for Alleged Hazardous Materials Violations

The U.S. Department of Transportation’s Federal Aviation Administration (FAA) proposes a civil penalty of $116,250 against Neovia Logistics Services, LLC for allegedly violating Hazardous Materials Regulations. The FAA alleges that on July 11, 2014, Neovia offered a package of six one-gallon containers of corrosive liquid to UPS for shipment by air. A UPS employee discovered the hazardous material after the shipment began leaking. The FAA alleges the package was not declared to contain hazardous materials and the materials offered were not properly classed, described, packaged, marked, labeled and in proper condition for shipment under the Hazardous Materials Regulations. Further, the FAA alleges Neovia provided no emergency response information with the package. Neovia has 30 days after receipt of the FAA’s enforcement letter to respond to the Agency.

Neovia Announces Extension of the Expiration Time for the 2020 Notes Consent Solicitation

Neovia Logistics, L.L.C. announced that Neovia Logistics Services, LLC and Neovia Logistics Finance Corporation are extending the Expiration Time of their previously announced solicitation of consents upon the terms and subject to the conditions set in a consent solicitation statement, as amended and the accompanying form of consent sent to the holders of record at 5:00 p.m., New York City time, on October 27, 2014 of their outstanding 8.875% Senior Notes due 2020, to amend certain provisions of the Indenture governing the 2020 Notes, dated as of July 31, 2012, as supplemented, among the 2020 Notes Issuer, the 2020 Notes Co-Issuer, the guarantors named therein and Wilmington Trust, National Association, as trustee. The Consent Solicitation Statement shall be amended in respect of the 2020 Notes Consent Solicitation to extend the Expiration Time for the 2020 Notes Consent Solicitation to 5:00 p.m., New York City time, on November 12, 2014, unless extended or terminated by the 2020 Notes Issuers. Except as described herein, the other terms of the 2020 Notes Consent Solicitation remain unchanged. Moreover, the 2020 Notes Issuers are not extending the right of Holders to revoke or withdraw their Consents beyond 5:00 p.m., New York City time, on November 10, 2014. Holders who have previously delivered 2020 Notes Consents do not need to redeliver such 2020 Notes Consents or take any other action in response to this announcement in order to consent or receive the 2020 Notes Consent Fee upon the successful conclusion of the 2020 Notes Consent Solicitation. The 2020 Notes Consent Solicitation is subject to certain terms and conditions, as set fully in the Consent Solicitation Statement and related documents. The Consent Solicitation Statement and related documents contain important information, and Holders should read them carefully before making any decision with respect to the 2020 Notes Consent Solicitation.

Neovia Logistics Services Opens New Spare Parts and Warehousing Facility in Waldau Near Kassel, Germany

Neovia Logistics Services opens an automotive spare parts and warehousing facility for Volkswagen. The new 52,000-square-meter operation, which is in close proximity to Volkswagen's OTC (Genuine Parts and Service Division) site in Kassel, will serve as a pre-packaging and storage facility for genuine aftermarket spare parts, as well as empty container handling. The new facility, which will be operated by Neovia, is 'one of the most complex of the outsourced operations around the Kassel OTC.' Shortly after delegations toured nearby Neovia facilities in Breda, Netherlands and Rüsselsheim, Germany, where they were able to observe Neovia's Operating System (NOS) in an operational setting, Volkswagen awarded the project - after a standard RFQ and negotiation process - to Neovia late April. Utilizing Neovia's proprietary SureStart process, the takeover and implementation project began mid-May. A portion of the project scope included replacing the entire MHE fleet, installing new packing tables and lockers, installing all new IT equipment and network components, as well as providing safety training in preparation for the go-live. After a meticulously planned, well-managed transition on-site on August 30 and 31, Neovia officially launched operations at the new facility on September 1, without disruption.

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