OWNER DRIVER Franchise Opportunities (Self Employed Contract …
OWNER DRIVER Franchise Opportunities (Self Employed Contract) 7.5 Tonne Multi Drop Deliveries Leeds c. 32,000 gross Our Vehicle | Your Business You ll no doubt have seen our vans on the road. We re DPD, a leading time-critical carrier providing both national and international delivery services. With over 40 years behind us, we know what makes our business tick fantastic people and amazing service, delivered via state of the art technology to ensure an incredible customer experience. And that s why we re so busy. If you are licensed to drive a 7.5 tonne vehicle (must have LGVC1 entitlement), hold a digital Tacho card and are passionate about delivering a great customer experience, then you have all the credentials needed to run your own business. And our low cost entry rates means there really is nothing to stop you being your own boss. Here s what we offer: 7.5T Contracts 7.5T Vehicle Supplied Excellent Stop Rates Low Cost Entry Investment 2500 ( 500 with 2K refundable deposit) Automated 4-Week Billing DPD actively promotes its Dignity at Work Policy. If you want to work for yourself and be part of a highly successfully company, please apply by clicking on the above button. BE PART OF OUR SUCCESS
Celadon Trucking Services Announces the Acquisition of Hyndman …
Celadon Trucking Services, Inc., a wholly-owned subsidiary of Celadon Group, Inc. (NYSE: CGI1), announced today that it has agreed to acquire Hyndman Transport Limited, based in Wroxeter, Ontario. Hyndman operates approximately 175 tractors and generated approximately $48 million in revenue in 2012, comprised of both domestic Canadian shipments and international shipments between Canada and the United States. Additional terms and conditions of the transaction were not disclosed.
With this acquisition, Celadon will further expand its presence in Canada and continue to grow its international footprint. Celadon will be maintaining the 21 acre Hyndman terminal and facility in Wroxeter, ON, while continuing to operate its Celadon Canada operation in Kitchener, ON. In addition, Mike Campbell, Hyndman president, and Jeff Sippel, Hyndman CFO, will remain with Celadon and continue to manage this business under the direction and guidance of Celadon’s corporate team and long term strategies.
Hyndman has been a well-respected Canadian truckload carrier that has provided a high level of dry van freight services for its customers since 1937, stated Paul Will, president and CEO, Celadon Trucking. We believe this acquisition offers solid potential to expand our domestic Canada footprint and advance our overall growth plans by delivering growth in our dry van, cross border transportation service offering. We’re excited to work with Mike Campbell and Jeff Sippel, who will continue to help manage and service existing Hyndman business. We look forward to continuing to provide the quality service that the Hyndman core account base has come to expect. Based on previous acquisitions, we believe we can actually enhance that service through upgraded equipment, advanced technology, additional assets available for dispatch, and an industry leading safety record.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
References
Scania to power Terex TR60 rigid dump trucks
The Terex TR60is a rigid dump truck designed for moving heavy loads, up to 55 tonnes in rugged terrain. A Terex TR60 with a Scania US Tier 4i/ EU Stage IIIB engine installed will be showcased during the BAUMA exhibition at the Terex Stand (F7.710-711), 15-21 April in Munich, Germany.
Scania already supplies engines for Terex articulated dump trucks, the TA250s, TA300s and TA400s. The range is powered by Scania s 9-litre and 13-litre engines both as US Tier 4i/ EU Stage IIIB and US Tier 2/EU Stage II. Scania s engines are showcased at the stand in Hall B4 102/202.
Scania s engines have performed well in Terex articulated dump truck applications and we are pleased to have earned the trust of Terex to also power one of their rigid dump trucks. We see this as a further step in the direction of a strengthening the relationship between Terex and Scania, says Anders Liss, Sales Director Industrial Engines.
You can find all about Scania at the Bauma exhibition in the pressroom www.scania.com/media/bauma
(http://www.scania.com/media/bauma)For further information, please contact:
Anders Liss, Sales Director Industrial Engines, Scania, tel. +46 8 553 705 25, e-mail anders.liss@scania.com Ann-Helen Tolleman, Corporate Relations, tel. +46 70 778 1360, email ann-helen.tolleman@scania.com
About Terex Terex Corporation is a diversified global manufacturer of a broad range of equipment that is focused on delivering reliable, customer-driven solutions for many applications, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy, utility and manufacturing industries. Terex reports in five business segments: Aerial Work Platforms; Construction; Cranes; Material Handling & Port Solutions; and Materials Processing. Terex offers financial products and services to assist in the acquisition of equipment through Terex Financial Services. More information can be found at www.terex.com.
About Scania Scania is one of the world s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Scania is one of the world s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime. Scania also offers financial services. Employing some 38,600 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2012, net sales totalled SEK 79.6 billion and net income amounted to SEK 6.6 billion. Scania press releases are available on www.scania.com
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Freight Forwarding, importing goods into the UK for the first time
If you haven t dealt with international trade before, the business of importing your goods into the UK might seem like a bit of a challenge.
It is a good idea to appoint a freight forwarder with the required knowledge and experience to assist you with your shipments.
Not only can a good freight forwarder arrange the actual shipment for you from A to B, but they should be able to impart some useful advice when it comes to buying your goods abroad.
When buying your goods, here are some pointers that you may wish to think about before signing anything with a supplier:
- Ensure you know how much your goods are going to cost;
- Make sure you know how much it is going to cost to transport your goods to your warehouse;
- Make sure you investigate as to whether there are any restrictions on the goods you wish to import into the UK (an experienced freight forwarder will be able to advise);
- Ensure that your contract of purchase is sound;
- Make sure that you will get your goods once you have paid, or have legally agreed to pay.
These are just a few pointers to consider when looking to import into the UK. If you are at this stage, then it will be worth contacting a freight forwarder to obtain a quote for the importation of your goods. An experienced freight forwarder will be able to offer you a variety of different levels of shipping services for example, a comprehensive service from door to door, including all insurance, customs clearance, VAT & Duty payments to HMRC etc, or just an aspect of your shipment, for example just the ocean freight.
If you re looking to import goods into the UK, then contact Mercator Cargo today, our family-run business can offer you support and advice when it comes to importing for the first time Tel. 02392 756 575. Email: sales@mercatorcargo.co.uk.1
Tags: first time importer, freight forwarder, freight forwarder uk, freight forwarding, freight forwarding into uk, freight forwarding uk, import into the uk, import into uk, importing for the first time, importing into the uk, importing into uk23456789101112
References
- ^ sales@mercatorcargo.co.uk. (www.mercatorcargo.co.uk)
- ^ first time importer (www.mercatorcargo.co.uk)
- ^ freight forwarder (www.mercatorcargo.co.uk)
- ^ freight forwarder uk (www.mercatorcargo.co.uk)
- ^ freight forwarding (www.mercatorcargo.co.uk)
- ^ freight forwarding into uk (www.mercatorcargo.co.uk)
- ^ freight forwarding uk (www.mercatorcargo.co.uk)
- ^ import into the uk (www.mercatorcargo.co.uk)
- ^ import into uk (www.mercatorcargo.co.uk)
- ^ importing for the first time (www.mercatorcargo.co.uk)
- ^ importing into the uk (www.mercatorcargo.co.uk)
- ^ importing into uk (www.mercatorcargo.co.uk)
Converge Blog: The Ins and Outs of Global Compliance and …
Compliance and logistics are often said to be the backbone of an electronics distributor1, especially one with an established global presence. Without these two important functions, companies buying and selling electronic components worldwide would be unable to fulfill demand and/or even compete for business.
But all companies exporting any kind of product are bound by and must comply with strict government regulations and compliance procedures. This requires not only experienced personnel and resources but also time to prepare/verify a product for export and ensure that it s not being shipped to a sanctioned country or restricted party.
Some independent distributors2, due to their size and limited capabilities, must outsource this function because it can be quite labor intensive and cumbersome to perform in-house.
However, Converge‘s global compliance and logistics teams are in-house, experienced personnel consisting of a Compliance Manager, Logistics Manager, Compliance Analysts, and Traffic Specialists. Our teams follow a stringent step-by-step compliance process for all electronic components imported and exported, which can begin even before the product is actually in the warehouse. This process can include:
- Verifying that the sales order has a value
- Screening customer/vendor accounts (ship to, bill to, and ultimate consignee) against restricted parties lists (RPLs)
- Identifying product classifications obtaining the harmonized tariff schedule (HTS), local tariff number, and export control classification number (ECCN) for all line items being exported
- Confirming a license determination for each export transaction
- Verifying end-use certificate is on file and obtaining it if it is not
- Following U.S. and in-country national export regulations and strategic goods control system when exporting from distribution hub outside the U.S.
The compliance process we have in place protects us and provides our customers with security while ensuring that each transaction goes smoothly without delays.
Once compliance has completed all the necessary steps, the order is released and cleared for processing through our logistics team, which must also follow a series of steps to prepare the product for shipment. These steps include:
- Verifying all shipping documents, including SO/PO, method of shipping (carrier/freight forwarder), agreed delivery requirements and providing compliance information to the customs broker
- Coordinating shipments with freight forwarders and negotiating competitive rates
- Approving additional freight-related costs (typically handled by the Logistics Manager)
- Logging shipments into the automated export system (AES) when applicable
- Ensuring the proper packaging for utmost protection of the product
At the same time that our logistics team is preparing for shipment, our IDEA-certified Component Quality Engineers (CQEs) and Component Quality Specialists (CQSs) are following a quality management process whereby the product is put through a standardized multi-point inspection/shipping checklist, which can include up to 102 points, before leaving our possession.
Converge s presence with global and regional hubs located in Peabody, MA6 (38K sq ft), Amsterdam7 (50K sq ft), Singapore8 (26K sq ft), and Hong Kong (7K sq ft) guarantees our customers efficient deliveries, local standardized inspections (regardless of where the product was procured from), and the highest packaging standards that go way beyond the minimum industry standards. Our compliance, logistics, and quality/warehouse teams in each region are experienced, committed, and ready to fulfill any order. That s the kind of assurance expected from an independent distributor and one of the reasons why customers keep partnering with us. To learn more about our compliance and logistics services or global locations9, please contact us at info@converge.com10.
References
- ^ electronics distributor (www.converge.com)
- ^ independent distributors (www.converge.com)
- ^ IDEA-certified (www.converge.com)
- ^ quality management process (www.converge.com)
- ^ multi-point inspection/shipping checklist (www.converge.com)
- ^ Peabody, MA (www.converge.com)
- ^ Amsterdam (www.converge.com)
- ^ Singapore (www.converge.com)
- ^ global locations (www.converge.com)
- ^ info@converge.com (blog.converge.com)
Valuation Guide: Cargo Shipping | Fulcrum Inquiry
Industry Description
The freight shipping industry in the U.S. comprises deep sea freight transportation, inland water freight transportation, and coastal and Great Lakes freight transportation (SIC 4412, 4424, 4432, 4449; NAICS 483111, 483211, 483113). The global containerized shipping and logistics industry generates approximately $155 billion in revenue annually.1 Approximately $9 billion of that revenue is derived from the U.S. deep sea shipping industry.2
Within deep sea freight transportation, containers make up 27% of the freight transported, followed by boxed and palleted goods (21%), dry bulks (11%), bulk liquids and gases (8%), climate-controlled containers (8%), and other freight (25%).3 Although container services represent only about 30% of global ton-miles, they account for approximately 80% of total shipment values.2
The industry is primarily focused around major ports. Within the U.S. the top three ports ranked by tons of traffic are the Port of South Louisiana, Houston, and New York/New Jersey. The top three ports ranked by container traffic are Los Angeles, Long Beach, and New York.2
The ships themselves are the primary assets of most shipping companies. The average container ship can carry about 3,000 40-foot containers.2 The average age of U.S. owned fleets is approximately 15 years.2 On average, ships last between 25 to 40 years and are rebuilt several times during their lifetime.2 Ships are often outfitted with complex information technology systems that manage routing and monitor weather patterns.2 Ships typically travel with a crew of about 20 and travel at approximately 15 to 20 miles per hour.2
The U.S. deep sea shipping industry includes about 500 companies, with the top 50 generating almost 95% of the total industry revenue. As of January 2013, the top 10 maritime shipping companies ranked by cargo capacity are:4
- APM-Maersk
- Mediterranean Shipping Company
- CMA-CGM Group
- COSCO Container Line
- Evergreen Line
- Hapag-Lloyd
- APL
- Hanjin Shipping
- CSCL
- MOL
Industry Trends
Trends in the shipping industry are primarily driven by changes in the world economy. A few of the most significant changes are:
- Industry growth is decreasing as economic growth slowsThe shipping industry is closely aligned with the world economy and international import and export trends. Prior to 2008, worldwide container shipping volumes grew at 12.6% annually.5 Growth then began decreasing as worldwide GDP growth slowed. In 2011, the global container shipping industry had annual growth of only 6.6%, or almost half the rate of growth prior to the recession.5 This decreased growth is due in large part to the sluggish economic conditions in Europe.5
- Shipping companies are increasing fleet sizeMany shipping companies began expanding their capacity to meet increased demand during the pre-recession growth period, and they continued placing orders for new ships once they believed the economy was recovering in 2010.5 In particular, the orders for new ships have primarily been for larger ships that can carry more cargo. Consequently, fleet capacity has been expanding, while the growth in demand has been decreasing. Capacity grew 7.9% in 2011 and was projected to grow 8.1% in 2012 and 10.6% in 2013.5 As a result of the increase in capacity and the slowing growth in demand, analysts expect competition in the industry to increase.5
- Fuel costs threaten profitsFuel costs are by far the largest operating cost for shipping companies.6 Over the last several years, the price of oil has reached record highs. Overall, the price of fuel has increased 300% since 2000.6
- The piracy threat remainsPiracy continues to pose a threat to shipping crews, particularly in the Indian Ocean along the coast of Somalia. Over 60 seafarers have been killed by pirates in recent years, and more than 4,000 others have been taken hostage.6 In response to the threat of piracy, shipping companies are increasingly hiring private armed guards to help ensure ship security.6
Key Performance Metrics
The following are performance metrics that managers in the freight shipping business use to benchmark their performance against others in the industry:
- Twenty-foot equivalent units (TEUs, a measure of cargo capacity)
- Dead weight tonnage (DWT)
- Gross register tonnage (GRT)
- TEU carried annually
- % of containers full
- Ton-miles (cargo weight x distance traveled)
- Annual turnover
Industry Organizations and Publications
Some organizations that publish helpful information about freight shipping include:
- U.S. International Logistics website: www.export.gov, forms and information about exporting freight out of the U.S.
- International Freight Association: www.ifa-online.com, an association of logistics and transportation companies covering 160 international locations
- International Chamber of Shipping: www.ics-shipping.org, in association with the International Shipping Federation it forms the principal trade association for merchant ship operators and publishes annual reviews of the global shipping industry
- Marine Insight: www.marineinsight.com, news and articles covering the maritime, cruising, boating, and offshore industries
Summary of Valuation Approaches
There are four commonly accepted valuation methods that should be considered when valuing a freight shipping company. These methods are:
- Asset-based valuation: This method calculates a business s equity value as the fair market value of a company s assets less the fair market value of its liabilities. This approach is also sometimes referred to as a cost based approach ; that is, the business s value is equal to the cost of acquiring its physical assets.
- Income approach to value (capitalization of earnings): This method is most applicable to companies that face predictable and constant growth in earnings and have a long history of operations. The business value under this method is equal to the cash flow projection for one year divided by a capitalization rate (i.e. the appropriate discount rate less the predicted growth rate).
- Income approach to value (discounted cash flow): The value of equity utilizing this method is equal to the present value of free cash flows available to equity holders over the life of the business. This method works well for both established companies with low growth rates as well as new companies with higher rates of growth, but requires predicting changes in future cash flows.
- Market approach to value: This method utilizes market indications of value based on metrics from guideline publicly traded grocery companies and privately held businesses. The financial metrics of public companies or those of private transactions can be used to create valuation multiples that are then used to calculate business value.
Benchmark Statistics
The following benchmarking data is based on studies from various coastal and Great Lakes shipping companies: 7
2007
2008
2009
2010
2011
Operating profit%
17.5%
20.7%
13.2%
14.2%
11.4%
Sales/Fixed assets
1.1
.9
1.1
.7
1.8
Current ratio
1.1
1.1
1.2
1.1
1.1
As a further point of comparison, the following data is based on studies from various inland water freight transportation companies: 7
2007
2008
2009
2010
2011
Operating profit%
20.0%
15.8%
12.2%
14.5%
14.4%
Owners Compensation/Sales%
2.2%
1.3%
2.3%
2.6%
3.4%
Sales/Fixed assets
1.0
1.4
1.2
1.7
1.5
Current ratio
1.3
1.5
1.4
1.4
1.4
Before using this data for specific valuation purposes it should be evaluated for appropriateness.
Availability of Publicly Traded Comparable Companies
Many of the large freight shipping companies are publicly traded on foreign exchanges. The availability of financial data for publicly traded deep sea freight companies makes it possible to compare a subject company to industry benchmarks and apply industry multiples. When valuing a freight business, however, it is important to use benchmarks and multiples based on companies that are similar to the subject company.
The top five publicly traded shipping companies, ranked by market capitalization, are:8
- APM-Maersk ($35.3 billion)
- COSCO ($5.2 billion)
- Orient Overseas (International) Limited ($4.3 billion)
- Mitsui O.S.K. Lines ($4.2 billion)
- Nippon Yusen Kabushiki Kaisha ($4.1 billion)
The price to earnings ratios of these companies range from 11.1 to 53.6.11 Overall, publicly traded companies in the air delivery and freight services industries have a price to earnings ratio of 18.3.9
Availability of Private Purchase Transactions
In addition to public shipping companies, data regarding privately held companies can also provide a useful benchmark when valuing a freight shipping business. The size and scope of private companies that have been bought and sold over the last five years varies greatly, both in terms of their sales and the purchase price paid for the companies.
Fulcrum identified two private purchases of freight shipping companies over the five year period from July 1, 2007 through June 30, 2012. These transactions show the following ranges:10
- Total deal values ranged from $202 million to $552 million.
- Market value of invested capital (MVIC) to net sales ranged from 3.6 to 5.9 times.
- MVIC to earnings before interest, taxes and depreciation (EBITDA) ranged from 7.5 to 11.9.
This range of market multiples is based on an extremely small sample and is too variant to be useful without further analysis. Furthermore, both companies identified are related to the petroleum industry, which may not necessarily be representative of freight shipping as a whole. As with selecting publicly traded guideline companies, care should be given to select private transactions that share similarities with the subject company. The financial metrics of a potential guideline transaction should be compared with those of the subject. Additionally, industry economic conditions also vary over time, which can affect cargo shipping businesses as investment opportunities. Specific factors that are unique for each company must be considered.
Fulcrum Inquiry performs business appraisals1 for shipping companies and other businesses2.
1 Global Containerized Shipping & Logistics: Market Research Report, www.IBISWorld.com
2 Hoovers: Deep Sea Shipping
3 Industry Statistics Sampler: NAICS 483111 Deep Sea Freight Transportation, Product Lines, U.S. Census Bureau
4 Alphaliner Top 100, Operated fleets as per 30 January 2013, www.alphaliner.com
5 Industry Research: Container Shipping, TRIS Rating, June 15, 2012.
6 Annual Review, International Chamber of Shipping
7 RMA (The Risk Management Association)
9 Industry Center Air Delivery & Freight Services, Yahoo! Finance
10 Private transaction data obtained from Pratt s Stats available through www.bvmarketdata.com
Posted in Valuation and Appraisal, Valuation Guides34
References
- ^ business appraisals (www.fulcrum.com)
- ^ other businesses (www.fulcrum.com)
- ^ View all posts in Valuation and Appraisal (www.fulcrum.com)
- ^ View all posts in Valuation Guides (www.fulcrum.com)
Freight Forwarding Supervisors (Male Only) Jobs in South Sudan
Our client, a well established Dry Cargo and logistics company, with over 25 years experience, is urgently looking to hire Freight Forwarding Supervisors (Male Only) The position is on a 2 year Contract.
The tender is for a freight forwarding contract in South Sudan in various places They will be responsible for overseeing the day-to-day operations of the Forwarding Department; the overall objective is timely, effective and profitable handling of all cargo. Remuneration: USD 500 USD 800 p.m. Duties
- Manages the day-to-day operations of the forwarding department to maintain and improve productivity and profitability. Meeting Corporate and Industry standards.
- Interfaces with customers and other employees.
- Conducts employee performance review and evaluations. Makes recommendations for additional training.
- Identifies and pursues New Business opportunities.
- Analyzes customer needs and develops solutions adapted to client expectations.
- Maintains regular contact with clients to understand and improve continuous customer relationships.
- Shares with the operations manager, pertinent market information and on existing and prospective clients
Education: Bachelor s degree in relevant field.
Requirements
- 5 10 years experience in Freight Forwarding Market, Logistics and Transport.
- Strong leadership skills
- Strong communication, planning and organizational and interpersonal skills
- Experienced in Sales; able to understand and anticipate customer needs
- Ability to manage stress
- Team Player
- Strong ability with Microsoft Office.
If you are up to the challenge, posses the necessary qualification and experience, please send your CV only indicating why you are the most suitable candidate for the role clearly quoting the job title (FREIGHT FORWARDING SUPERVISOR- SOUTH SUDAN) on the email subject to vacancies@corporatestaffing.co.ke.
Freight Forwarding Imports and Exports to Russia
Mercator Cargo is an independent UK based freight forwarder. Having been running for over twenty years, we have extensive experience of importing and exporting with Russia.
It is a wise choice to appoint a freight forwarder when arranging your shipment to or from Russia, as it can be a complex matter. Our team of freight forwarders can assist you with their knowledge and expertise when it comes to shipping freight to and from Russia.
Mercator is an agent for a dedicated shipping line, and we have our own containers and equipment for shipping to Russia from the UK. Our export team is familiar with export protocols and documentation required to export goods to Russia.
All ocean freight destined for/originating from Russia tranship at Rotterdam. If you are looking to export goods via sea freight to Russia, there are regular sailings from the UK to St Petersburg. There are regular sailings from Russia to the UK. Transit times via ocean freight between the UK and Russia are approximately two weeks.
So if you re looking for a reliable freight forwarder to handle your shipments between Russia and the UK, call us today – Tel. 02392 756 575. Email: sales@mercatorcargo.co.uk.
1Alternatively you can complete our Quotation Form2.
Tags: cargo from russia, cargo to russia, container forwarding russia, container from russia, container to russia, export from russia, freight forwarder, freight forwarder russia, freight forwarders, freight forwarding, freight forwarding russia, import from russia, ocean freight russia, ocean freight to russia, sea freight from russia, sea freight to russia, shipment from russia, shipment to russia34567891011121314151617181920
References
- ^ sales@mercatorcargo.co.uk. (www.mercatorcargo.co.uk)
- ^ Quotation Form (www.mercatorcargo.co.uk)
- ^ cargo from russia (www.mercatorcargo.co.uk)
- ^ cargo to russia (www.mercatorcargo.co.uk)
- ^ container forwarding russia (www.mercatorcargo.co.uk)
- ^ container from russia (www.mercatorcargo.co.uk)
- ^ container to russia (www.mercatorcargo.co.uk)
- ^ export from russia (www.mercatorcargo.co.uk)
- ^ freight forwarder (www.mercatorcargo.co.uk)
- ^ freight forwarder russia (www.mercatorcargo.co.uk)
- ^ freight forwarders (www.mercatorcargo.co.uk)
- ^ freight forwarding (www.mercatorcargo.co.uk)
- ^ freight forwarding russia (www.mercatorcargo.co.uk)
- ^ import from russia (www.mercatorcargo.co.uk)
- ^ ocean freight russia (www.mercatorcargo.co.uk)
- ^ ocean freight to russia (www.mercatorcargo.co.uk)
- ^ sea freight from russia (www.mercatorcargo.co.uk)
- ^ sea freight to russia (www.mercatorcargo.co.uk)
- ^ shipment from russia (www.mercatorcargo.co.uk)
- ^ shipment to russia (www.mercatorcargo.co.uk)
Descartes' Cloud-Based Air Cargo Advance Screening Solution
WATERLOO, Ontario, Jan. 24, 2013 — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce,announced that OHL, a leading global 3PL and freight forwarder, is enhancing its security operations with Descartes’ cloud-based Air Cargo Advance Screening
(ACAS) solution.
“We’ve been successfully using Descartes’ Automated Commercial Environment (ACE) and Advanced Commercial Information (ACI) compliance solutions to manage security filings for shipments into the United States and Canada for a number of years. Working with Descartes to deploy their ACAS solution was a natural extension,” said Steve Hutter, Director of Aviation Security at OHL. “The key benefit is that we’re able to repurpose our existing air messaging traffic moving via Descartes’ Global Logistics Network (GLN) for use within the ACAS solution.”
ACAS was designed to provide Customs and Border Protection (CBP) with more time to analyze security filing data for US-bound air cargo shipments prior to the shipment being loaded on the aircraft. By receiving information about the parties and commodities involved in an
inbound air shipment earlier from the forwarder as opposed to the carrier, CBP hopes to be able to better identify high-risk shipments destined for the United States. In addition, the program will speed up the movement of lower-risk shipments and leave more resources to focus on higher-risk shipments for additional screening.
“Being able to leverage the house bill information automatically received by the GLN from a forwarder’s enterprise system and use it to file to CBP directly, streamlines the entire filing process and increases data quality,” said Eric Bossdorf, Vice President Global
Logistics Network at Descartes. “We’re pleased that our broad suite of compliance solutions for the air cargo industry is helping to make the logistics operations of leaders like OHL more efficient.”
About OHL
OHL International is a division of OHL. OHL is one of the largest 3PLs
in the world, providing integrated global supply chain management
solutions including transportation, warehousing, customs brokerage,
freight forwarding, and import and export consulting services. OHL
operates more than 130 value-added distribution centers, offers
comprehensive transportation management services, employs nearly 7,000,
and has offices worldwide. OHL has expertise in direct-to-consumer
fulfillment, efulfillment, serves a wide range of business sectors from
specialty retail to manufacturing, and specializes in the textiles and
apparel, footwear, electronics, retail, printing, food and beverage,
and consumer packaged goods industries. www.ohl.com
About Descartes
Descartes (TSX:DSG) (Nasdaq:DSGX) is a global leader in providing
on-demand, software-as-a-service solutions focused on improving the
productivity, performance and security of logistics-intensive
businesses. Descartes’ B2B network, the Global Logistics Network,
integrates more than 35,000 trading partners to our cloud-based
Logistics Technology Platform to unite their businesses in commerce.
Customers use our modular, software-as-a-service solutions to route,
schedule, track and measure delivery resources; plan, allocate and
execute shipments; rate, audit and pay transportation invoices; file
customs and security documents for imports and exports; and complete
numerous other logistics processes by participating in the world’s
largest, collaborative multi-modal logistics community. Our
headquarters are in Waterloo, Ontario, Canada and we have offices and
partners around the world. Learn more at www.descartes.com.
This release contains forward-looking information within the meaning of
applicable securities laws (“forward-looking statements”) that relate
to Descartes’ solution offering and potential benefits derived
therefrom; and other matters. Such forward-looking statements involve
known and unknown risks, uncertainties, assumptions and other factors
that may cause the actual results, performance or achievements to
differ materially from the anticipated results, performance or
achievements or developments expressed or implied by such
forward-looking statements. Such factors include, but are not limited
to, the factors and assumptions discussed in the section entitled,
“Certain Factors That May Affect Future Results” in documents filed
with the Securities and Exchange Commission, the Ontario Securities
Commission and other securities commissions across Canada. Readers are
cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. We do not undertake
or accept any obligation or undertaking to release publicly any updates
or revisions to any forward-looking statements to reflect any change in
our expectations or any change in events, conditions or circumstances
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