Fritz Companies, Inc. announces new foreign trade zone; Fritz Rochester Designated Foreign Trade Zone.SAN FRANCISCO--(BUSINESS WIRE)--Jan. 15, 1996--Fritz Companies, Inc. is pleased to announce Fritz's Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or location has been designated a general purpose foreign trade zone by the U.S. Department of Commerce's Foreign Trade Zone Board. This designation allows an area that is within the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to be treated as though it exists outside of U.S., providing for non-manufacturing operations such as storage, inspection, repackaging and labeling. With a foreign trade zone status, Fritz will be able to better serve its clients with sub-zone manufacturing requirements. Leonard Sharp, General Manager, Rochester, said, "We have Fritz clients who will immediately benefit from this designation. We are enabled to serve new and potential Fritz customers who utilize just-in-time operations through inventory maintenance and duty-deferral programs. With a foreign trade zone status, we will develop greater expertise in a previously untapped market." Dennis Pelino, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Fritz Companies, Inc., said, "We commend the efforts of Fritz Rochester's staff. They have taken customer service to the next level to provide yet another value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. to our clients. Fritz currently has foreign trade zone status in Anchorage, El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. and Rochester. We will employ the means and methods of these benchmark locations to enhance Fritz's network with additional foreign trade zone locations." Fritz Companies, Inc. is a leader in global transportation logistics and related information services See Information Systems. for importers and exporters worldwide. The Company's principal services include logistics management, 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, 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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