NEC America Turns to Exel for FTZ

Electronics firm taps provider for foreign trade zone management and customs brokerage operations at Dallas warehouse

Dallas — December 12, 2003 — NEC America (NEC) has awarded the management of its foreign trade zone (FTZ), including customs brokerage, to supply chain management company Exel.

This relationship calls for Exel to provide all FTZ management and customs brokerage operations for NEC's warehouse in Dallas.

NEC challenged Exel to streamline operations and reduce operating costs on import products. Additionally, Exel expects to improve efficiency and deliver savings for NEC through caps on merchandise processing fees and reducing inventory taxes.

"As a leader in the electronics industry, we understand the importance of finding customer-focused solutions and world-class service," said Clifford Cozzolino, vice president and general manager of NEC America's Corporate Network Group. "In Exel, we have found a supply chain partner capable of delivering the same world-class service in FTZ management."

Exel said it has experienced significant growth in FTZ contracts this year because of its ability to reduce import costs for FTZ customers.

Commenting on this growth, Yoshi Ishizaki, Exel's director of sales, technology and global freight management for the Americas, said, "By successfully proving ourselves as FTZ leaders, Exel's increase in contracts has made a significant impact on top line revenue in the marketplace."