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STANDARD PRODUCTS COMPANY TAPS LOGICORP FOR EXCLUSIVE LOGISTICS CONTRACT

STANDARD PRODUCTS COMPANY TAPS LOGICORP FOR EXCLUSIVE LOGISTICS CONTRACT
 DETROIT, May 27 /PRNewswire/ -- Representatives of Standard Products Company (NYSE: SPD) and LogiCorp, Inc. today announced an agreement that names LogiCorp the exclusive provider of transportation management services for the Dearborn, Mich.-based automotive supplier.
 Under the terms of the multi-year contract, LogiCorp, of West Bloomfield, Mich., will provide complete domestic and international freight logistics supervision for Standard Products Company's inbound materials shipments and outbound movement of OEM auto parts.
 In a move that allows Standard Products Company to further concentrate on its core business, LogiCorp will be engaged to coordinate shipments of raw and finished materials to, from and between Standard Product's nine facilities in Kentucky, Michigan, New York, North Carolina, Ohio and South Carolina.
 Standard Products, a Fortune 500 Company with interests in Europe and Canada, is an OEM supplier to the automotive industry for rubber and plastic parts. Standard Products also owns Holm Industries, manufacturers of sealing systems for home appliances, and Oliver Rubber Company, which makes retread for the tire industry.
 This is the second major contract announcement made by LogiCorp this month. On May 7, LogiCorp announced that it had been awarded the worldwide logistics business of Ford New Holland, Inc., a New Holland, Pa.-based manufacturer of agricultural and heavy equipment.
 LogiCorp. Inc. is a leader in the rapidly emerging field of domestic and international contract logistics. The company combines freight bill audit and payment, leveraged freight buying, logistics data management technology, logistics analysis and engineering expertise to seek continual improvement in client freight programs. LogiCorp acts as an adjunct to its clients' internal staff, or can offer stand-alone, turn-key services.
 Unlike carrier-based logistics providers, LogiCorp holds no transportation assets which must be capitalized, allowing it to provide objective solutions to its clients' transportation needs. LogiCorp serves manufacturers in the automotive, healthcare, furniture and industrial materials fields.
 -0- 5/27/92
 /CONTACT: Gary Swope of LogiCorp, 313-737-8352 or 800-235-2565; Jack Sarb of Standard Products, 313-561-1100; or Robert Mothershead of Addison Group, 313-884-5020, for LogiCorp/
 (SPD) CO: Standard Products Company; LogiCorp, Inc. ST: Michigan IN: AUT SU: CON


ML -- DE002 -- 4104 05/27/92 09:07 EDT
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Publication:PR Newswire
Date:May 27, 1992
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