Fritz Los Angeles Consolidates Into Single Gardena Location; Growth, Efficiency and Improved Customer Service Cited.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--April 16, 2001 Fritz Companies announced today that it has completed the first step of a two-stage move designed to consolidate several of its Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. activities into a single location - as part of an overall effort to improve efficiency, accommodate business growth and better serve its customers. The first activities to complete the move are the company's customs brokerage and inbound air and ocean freight operations, which have now taken possession of their new offices at 1515 West 190th Street in Gardena, Calif. Next, the 53,000 square feet of new office space will house all sales executives and product support staff and outbound air and ocean freight operations - and they will transition to the new offices beginning July 31, 2001. Altogether, the facility will combine air freight air freight n → flete m por avión air freight n → fret aérien air freight air n → Luftfracht f , ocean freight, customs brokerage, customer service, sales, product support and administrative support functions previously located in three separate facilities in Carson, Redondo Beach Redondo Beach (rĭdŏn`dō), city (1990 pop. 60,167), Los Angeles co., S Calif., on the Pacific Ocean; inc. 1892. Once a commercial port for Los Angeles, it is a residential and resort city with a protected harbor and an excellent marina. , and Inglewood. Material Management and Distribution operations will not be effected. "It is our mission to lead our industry with best-in-class customer satisfaction and growth," said Betty Burghard, Fritz regional vice president, Los Angeles. "We have been in our previous facilities for up to 15 years, and we reached capacity because of continued increases in our business volumes. To maintain our growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and continue to earn customer and employee loyalty, we wanted to provide a state-of-the-art facility and professional environment." The new Fritz offices are located at 1515 West 190th Street, Suite 300, Gardena, CA 90248. The phone number is: 310-630-6000. Fritz Companies is a specialist in global integrated logistics. Fritz delivers comprehensive supply chain solutions to its customers worldwide by providing flexible door-to-door transportation and materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, using sophisticated information systems. Emphasis is placed on simplifying processes and reducing overall transportation costs. The Fritz network is composed of highly trained professionals working in more than 450 locations in 115 countries. Fritz Companies, Inc., (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 :FRTZ) global headquarters is 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 USA, tel: 415.904.8360. Additional information is available via the Internet: www.fritz.com. |
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