Expands Active's freight fulfillment to global level; only corporate trading firm to be fully licensed, insured transportation broker and NVOCC
Pearl River, NY — February 21, 2006 — Corporate trade company Active International has acquired a majority stake in Marine Cargo Line LC, a licensed non-vessel operating common carrier ("NVOCC"), which will do business as Active Freight & Logistics.
Active said that the move expands its freight capabilities to a global level, making it the only corporate trading firm in the industry to be a fully licensed and insured transportation broker (MC# 499820) and NVOCC.
Active Freight & Logistics will provide clients with access to transportation providers around the world and provide services such as U.S. Customs Service, ocean and air imports and exports, next-day air letters and packages, public warehousing, inter-modal services and U.S. domestic freight (full truckload, less-than-load, small package), the company said.
Alan Elkin, Active International's CEO, Arthur Wagner, Active's president, and Richard Vendig, Active's chief financial officer, have joined the board of directors of Active Freight & Logistics. Eduardo Del Riego, former chairman of Marine Cargo Line, has been named president of Active Freight & Logistics.
"By combining the international operations of Marine Cargo Line with the U.S. domestic freight operations of Active International, Active Freight & Logistics has experience in handling over $1 billion in freight and logistics management that can benefit our clients," said Elkin.
"We're excited to be the first to offer clients a way to reduce the cash costs of key global supply chain expenses using Active's corporate trading model," added Riego.
Additional Articles of Interest
— Got reverse logistics? Learn how one company's high-velocity "reverse logistics" operation put its ERP system to the test by making pre-owned network equipment available globally. Read more in the SDCExec.com exclusive "5 Principles for a Better Reverse Logistics Operation."
— Learn how a business process network ties in to the success of government mandate compliance and the 10 steps your company should take to accelerate business results in the SDCExec.com exclusive article, "The Role of Trading Partner Integration in Achieving Compliance with Government Mandates."
Pearl River, NY — February 21, 2006 — Corporate trade company Active International has acquired a majority stake in Marine Cargo Line LC, a licensed non-vessel operating common carrier ("NVOCC"), which will do business as Active Freight & Logistics.
Active said that the move expands its freight capabilities to a global level, making it the only corporate trading firm in the industry to be a fully licensed and insured transportation broker (MC# 499820) and NVOCC.
Active Freight & Logistics will provide clients with access to transportation providers around the world and provide services such as U.S. Customs Service, ocean and air imports and exports, next-day air letters and packages, public warehousing, inter-modal services and U.S. domestic freight (full truckload, less-than-load, small package), the company said.
Alan Elkin, Active International's CEO, Arthur Wagner, Active's president, and Richard Vendig, Active's chief financial officer, have joined the board of directors of Active Freight & Logistics. Eduardo Del Riego, former chairman of Marine Cargo Line, has been named president of Active Freight & Logistics.
"By combining the international operations of Marine Cargo Line with the U.S. domestic freight operations of Active International, Active Freight & Logistics has experience in handling over $1 billion in freight and logistics management that can benefit our clients," said Elkin.
"We're excited to be the first to offer clients a way to reduce the cash costs of key global supply chain expenses using Active's corporate trading model," added Riego.
Additional Articles of Interest
— Got reverse logistics? Learn how one company's high-velocity "reverse logistics" operation put its ERP system to the test by making pre-owned network equipment available globally. Read more in the SDCExec.com exclusive "5 Principles for a Better Reverse Logistics Operation."
— Learn how a business process network ties in to the success of government mandate compliance and the 10 steps your company should take to accelerate business results in the SDCExec.com exclusive article, "The Role of Trading Partner Integration in Achieving Compliance with Government Mandates."
