Fritz Trans-Shoes Consolidates Business of Cargoway.SAN FRANCISCO--(BUSINESS WIRE)--Nov. 21, 1995--Fritz Companies, Inc. is pleased to announce the consolidation of Cargoway Transportes Internacionais Ltda.'s customer base into the business of Fritz Trans-Shoes, a division of Fritz Companies, Inc. specifically dedicated to shoe manufacturers, retailers and other Brazilian exporters. Cargoway, founded in 1978, has four offices in Brazil as well as a New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. location. This business consolidation effectively makes Fritz Trans-Shoes one of the largest 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. and consolidators for the footwear and apparel industries in Brazil. Giselda Beatriz Da Silva, the founder and principal of Cargoway, will be joining Fritz Trans-Shoes as the Assistant Managing Director and will be domiciled in the Novo Hamburgo No·vo Ham·bur·go A city of southern Brazil north of Pôrto Alegre. It was founded by German immigrants in the 19th century. Population: 251,000. office. Da Silva commented, "I am very excited to be part of such a dynamic organization as Fritz Companies, Inc. I hope to contribute to the continued growth of Fritz into the 21st century as part of the complete logistics solution in Brazil and the world." A primary account gained from this business acquisition is the import and distribution business of one of Brazil's largest department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Hermes Macedo. There are over 40 Hermes Macedo locations throughout Brazil. Jonathan Rivera, Joint-Managing Director, Fritz Trans-Shoes, commented on Cargoway, "Ms. Da Silva and Cargoway are well-known and respected among exporters in Brazil and among many importers in the U.S. I believe this consolidated business impacts the retail and footwear communities very positively, providing new synergies in logistics solutions. The contribution that Ms. Da Silva and her staff will bring to the Fritz organization is enormous." 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 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 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, Inc. Kelly Belden Fisher, 415/904-8702 |
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