Fritz Companies, Inc. Builds State-of-the-Art Warehouse and Distribution Centre in Singapore.SAN FRANCISCO--(BUSINESS WIRE)--April 8, 1996--Fritz Companies, Inc. is pleased to announce the building of a new regional warehouse and distribution centre in Singapore. The 4,000,000 cubic foot warehouse is scheduled for completion in December of this year. The opening of this regional warehouse in the prospering Asian-Pacific market strategically positions Fritz to expand its logistics operations throughout Asia. The multi-use facility will feature the most advanced technology for materials handling Materials handling The loading, moving, and unloading of materials. The hundreds of different ways of handling materials are generally classified according to the type of equipment used. and automated storage and retrieval systems (AS/RS AS/RS Automated Storage & Retrieval System ) using Fritz's proprietary Warehouse Management System (WMS WMS Warehouse Management System WMS Web Map Service (open geospatial consortium specification) WMS West Middle School (Rochester Hills, MI) WMS Workforce Management Software WMS Wechsler Memory Scale ). The logistics centre will also link into AS/RS to drive the automated storage and retrieval of cargo from the racking system without utilizing forklifts or human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . The facility will store a wide range of products including electronic goods, high-technology products, and automotive and related equipment. The size of Singapore's facility, with over 8900 pallet positions and six cranes, further strengthens Fritz's ability to meet its clients' comprehensive warehousing and distribution needs in Asia and around the globe. Al Benki, Fritz's Managing Director, Asia, said, "The centre's distinguishing feature is its ability to offer cargo-specific services, including processing areas for pick/pack, kitting, and temperature controlled areas which can be included and expanded if necessary. To successfully serve our clients' customized logistics needs, we have invested extensive research resources and multinational expertise on the creation of Singapore's warehouse and distribution centre." Commenting on the new centre in Singapore, Fritz's Senior Director of Warehousing and Distribution, Joe Frank, remarked, "This building is in direct response to our global customers' needs. Fritz can now accomodate clients with central distribution and manufacturing hubs in this rapidly emerging area of Asia." Fritz Companies, Inc. is a leader in global transportation logistics and related information services See Information Systems. for importers and exporters worldwide. Fritz has over 300 wholly owned offices in every major international city around the globe. The Company's principal services include 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, international air and ocean freight consolidation and forwarding, warehousing and distribution, and other value-added services for the global movement of goods and logistics information. Fritz Companies, Inc. is headquartered at 706 Mission Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94103, telephone 415/904-8360 (www.fritz.com). The Company's shares are traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Exchange under FRTZ. CONTACT: Fritz Companies Kelly Belden Fisher, 415/904-8702 kelly.fisher@fritz.com |
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