Autoliv North America Selects GATX Logistics for Manufacturing Support.Business Editors JACKSONVILLE, Fla.--(BUSINESS WIRE)--Sept. 5, 2000 Autoliv North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. has selected GATX GATX General American Transportation Corporation Logistics, Inc. for dedicated contract carriage services that will support its manufacturing plant in Ogden, Utah Ogden is the county seat of Weber County,GR6 Utah, United States. A 2006 estimate placed its population at 78,086. The city served as a major railway hub through much of its history, and still handles a great deal of freight rail traffic which makes it a . GATX Contract Carriers, a subsidiary of GATX Logistics, will manage the collection of parts and components from 39 Autoliv suppliers in 10 states east of the Mississippi River. Autoliv North America is a division of Autoliv Inc. Autoliv Inc. develops and manufactures automotive safety systems for major automakers throughout the world. The company has 60 wholly-owned subsidiaries and joint ventures in 29 vehicle-producing countries. Their product line includes seat belts, front- and side-impact airbags, steering wheels, child restraints and anti-whiplash seats. "Initially, we'll be running 66 scheduled collection routes from our Central Region hub in Bloomington/Normal, Illinois," said Gene Marino, vice president of national accounts, GATX Logistics. "Materials arriving at the hub will be checked against Autoliv's production schedule and cross-docked onto line-haul trailers for just-in-time (JIT JIT - dynamic translation ) delivery to their Ogden airbag plant." "Information technology was critical in winning this account. Our specialized transportation management system gives Autoliv optimal visibility and control of materials in the pipeline. This helps them achieve more discipline with their supplier base, which in turn, streamlines the production process and dramatically cuts the amount of inventory they must carry in the plant," said Marino. In addition to managing the flow of inbound components, GATX Logistics will also manage the transportation of some finished products back through the pipeline to assure maximum utilization of the line-haul equipment provided by GATX Contract Carriers. GATX Logistics' systems will transmit an advance shipping notice (ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. ) to Autoliv's automakers when products ship from Ogden to the Bloomington/Normal hub. Founded in 1974, GATX Logistics, Inc. has expanded offerings beyond the value-added warehousing space to manage a greater portion of its customers' supply chains from warehouse operations and private fleet transportation to product assembly and installation services. The company recently launched a full-service eLogistics fulfillment initiative that offers integrated one-stop solutions for the entire back-end support and fulfillment for companies that sell products on the Web. GATX Logistics is jointly-owned by Oak Hill Capital Partners, L.P., the Stephens Group, Inc. and GATX Corporation. Oak Hill Capital Partners, L.P. is a private equity partnership. It makes significant investments through acquisitions, build-ups, recapitalizations, restructurings, strategic joint ventures and the purchase of minority stakes across a wide range of industries. The Stephens Group, Inc. is the parent of Stephens, Inc., an investment banking firm and member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . It conducts merchant banking activities, including investments in oil and gas, health care, financial services, data processing services/software, publishing, agriculture, manufacturing, and retailing. GATX Corporation (NYSE NYSE See: New York Stock Exchange :GMT (Greenwich Mean Time) See UTC. GMT - Universal Time 1 ) combines unique financing, asset and logistics solutions for customers and partners worldwide. Its major assets comprise rail cars, locomotives, commercial aircraft, bulk liquid terminals and distribution systems, and technology equipment. FORWARD LOOKING STATEMENTS This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Corporate information may be found at http://www.gatxlogistics.com. |
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