Emery Worldwide Launches Class "A" Freight Forwarding Operations in Shanghai.Business Editors SHANGHAI, China--(BUSINESS WIRE)--May 8, 2000 Emery Worldwide Emery Worldwide was a cargo airline, once was one of the leading carriers in the cargo airline world. Emery started in 1946 and was the first freight forwarder to receive a carrier certificate from the United States Government. International Transportation Co. Ltd. today announced the launch of the Company's Class "A" full freight forwarding operations in Shanghai. The operations include airfreight air·freight n. 1. A system of transporting freight by air. 2. The amount charged for transporting freight by air. air , seafreight, customs clearance, warehousing consolidation/deconsolidation, and other transportation related activities. Emery Worldwide International Transportation Co. Ltd. is a joint venture (JV) between Emery Worldwide, a global heavyweight cargo transportation company and a subsidiary of CNF CNF Configuration (File Name Extension) CNF Conference CNF Conjunctive Normal Form CNF Could Not Find CNF Chin National Front (Burma) CNF Canadian Nature Federation CNF Cornell NanoScale Facility , and China Elec-Trans International Service Ltd, a subsidiary of the state-owned China National Electronics Import and Export Corporation (CEIEC). The JV Company was awarded an "A" license in Beijing in October 1998 and since then has been providing freight forwarding and logistics services directly in China. The launch was officiated by Emery Worldwide Chairman of the Board Gregory Quesnel, CNF President and Chief Executive Officer, Emery Worldwide President and Chief Executive Officer Roger Piazza, and CEIEC President Qian Benyuan. Also present were China Elec-Trans General Manager Wen Chao and Emery emery: see corundum. emery Granular rock consisting of a mixture of the mineral corundum (aluminum oxide, Al2O3) and iron oxides such as magnetite (Fe3O4) or hematite (Fe2O3). Vice President International Peter Quantrill. Quesnel, who also is President and Chief Executive Officer of CNF Inc., Emery's parent company, and Piazza flew in specially for the event. Emery is also commemorating the official opening of its new premises and 15th anniversary in Shanghai. "Emery's participation in China's rapid economic growth is a great opportunity. Many of our customers are global multinationals, which have operations in China," said Quesnel, "and being a global company ourselves, we need to expand our resources to effectively service our large base of customers in this market." "The extension of our Beijing joint venture company into Shanghai next month (June) and Emery's 15 years in Shanghai are causes for celebration," said Piazza. "We are proud of our strong commitment and success in developing close partnerships with our customers, which clearly underlies the importance that Emery attributes to China and the Asia Pacific." "With full freight forwarding capabilities, the JV company will be able to provide a full range of services to meet the specific needs of our customers in China. With Emery's global reputation as a total integrated logistics solution provider, we are confident we can give our customers the competitive edge they need in this country," said Qian. China Elec-Trans is the only international freight forwarder An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. for China's electronics sector and a Class A freight agent Noun 1. freight agent - an employee of a freight carrier who directs the receipt and delivery of goods agent - a representative who acts on behalf of other persons or organizations . It is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CEIEC which has 46 subsidiaries, more than 100 wholly or partially owned enterprises and more than 30 overseas offices. CEIEC is the main channel of foreign trade in China's electronics sector with a $20 billion import and export turnover. Emery Worldwide has been in China since 1983 through liaison offices plus agency representation. The company now has offices in Beijing, Shanghai, Guangzhou, Tianjin and Dalian. Emery manages 20 logistics centers in the Asia Pacific, and maintains a regional headquarters in Singapore. Its Shanghai and Beijing operations are part of its Asia Pacific Area, which has more than 55 office and agent locations across the region including India. Emery Worldwide specializes in time-definite transportation services for business-to-business shippers of heavyweight cargo. A $2.4-billion company, Emery provides global air and ocean freight transportation, logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet , customs brokerage and expedited services to manufacturing, industrial, retail and government customers. Based in Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif., Emery operates in 229 countries through a worldwide network of more than 500 service centers and agent locations. CNF (NYSE NYSE See: New York Stock Exchange :CNF), Emery's parent company, is a $5.6-billion management company of global supply chain services with businesses in regional trucking, airfreight, ocean freight, customs brokerage, global logistics management and trailer manufacturing based in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. |
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