Dépêches

SEKO Announces Approval of Foreign Trade Zone

Dépèche transmise le 26 mai 2011 par Business Wire

ITASCA, Ill.--(BUSINESS WIRE)--SEKO (www.sekologistics.com) - global provider of supply-chain solutions, including comprehensive transportation, logistics and IT solutions - is excited to announce that its Indianapolis, IN office recently received approval from U.S. Customs and Border Protection to operate under Foreign Trade Zone status. SEKO Indianapolis activated FTZ services in the first quarter of this year, enabling its customers to defer duty on raw goods until they are sold or removed from the FTZ period. Additionally, customs clearance and service fees are reduced, and any goods imported into an FTZ can be transferred, duty free, to other FTZ’s in the US, Canada and Mexico, until the goods are consumed or re-exported.

“This is an important initiative for SEKO”

SEKO Indianapolis began the application process in the third quarter of 2010 after a large consumer electronics customer requested FTZ services.

John Sell, SEKO’s Indianapolis Strategic Partner states, “Moving forward with FTZ activation is an enhancement to our overall service offerings and will allow our customers’ goods to flow to market more quickly, creating significant cost savings potential.”

Initial activation includes 375,000 square feet of retail goods warehouse space. SEKO Indianapolis also included in the application process their 200,000 square foot pharmaceutical facility. Being able to import pharmaceuticals directly into an FTZ ensures the quality of the drug supply chain by reducing time spent in transit. SEKO Indianapolis plans to activate FTZ services in their pharmaceutical warehouse by Q1 of 2012.

"This is an important initiative for SEKO," states SEKO President and CEO, Bill Wascher. "We anticipate that the approval for foreign trade zone status will allow us to be more competitive in the global market."

SEKO continues to expand in direct response to increased customer requirements for integrated logistics services across the globe. The company’s Strategic Partner business model is based on creating a collaborative network of independent contractors that have local business, cultural and regional expertise, and applying to their businesses the best practices of SEKO’s organizational structure, IT systems and overall resources. The result provides clients with a seamless, global logistics network.

About SEKO

Founded in 1976, SEKO is a global, third-party logistics provider with more than 50 offices in the United States and more than 50 offices in 40+ countries worldwide. It offers a full range of supply-chain solutions including domestic and global air, ocean, and ground transportation, freight forwarding, customs brokerage, trans‐border distribution, U.S. home delivery, and DC bypass shipping. SEKO’s IT solutions offer a broad range of real‐time, Web‐based shipment management and data exchange tools for a high degree of supply-chain visibly. To learn more about SEKO visit us at www.sekologistics.com.

Business Wire

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