Subscribe to our free, weekly email newsletter!


Jacobson sets up shop in Hong Kong

By Jeff Berman, Group News Editor
January 06, 2011

Global third-party logistics (3PL) services provider Jacobson Companies said this week it is expanding into Hong Kong with the launch of Jacobson Global Logistics Ltd. (JGL).

Jacobson officials said this will serve as the base for which it will expand its Asia-based logistics services. JGL will provide shippers with myriad international logistics services to and from the U.S. and within Asia, including ocean and air freight forwarding, PO management, procurement and consolidation, origin value-added services, customs brokerage, bonded warehousing, deconsolidation and DC bypass, trans-load and bonded hubs, as well as international multi-modal services.

JGL will leverage a “one-stop” services concept, with FCL (full-container-load), LCL (less-than-container load) and expedited services on a carrier-neutral basis. The spokesperson noted JGL will offer shippers value-added services at origin and destination, depending on customer requirements.

A Jacobson spokesperson told LM that the company’s decision was based on the fact that its current and future customer are looking for end to end supply chain services including Origin and P.O. management, adding that Jacobson had been looking to expand into this region for a year.

“With Jacobson’s strong capabilities in the United States, we see an opportunity to offer intercontinental services to and from Asia and Greater China,” said the spokesperson. “Asia and Greater China remain a vast opportunity for logistics service providers and is a significant source of trade for Jacobson’s Transpacific business and operations network.”

Prior to this expansion Jacobson maintained long-term relationships with agents in Asia and Greater China.

Jacobson’s 2011 plan for JGL is to have about 25 employees, including regional management and a president. The company declined to disclose a specific number of customers for JGL, stating it will announce customer wins only in agreement with related clients.

“The establishment of JGL as our Asia regional Headquarters is a remarkable milestone for Jacobson Companies,” says Brian Lutt Jacobson CEO and President, in a statement. “Asia and Greater China remain a vast opportunity for logistics service providers and is a significant source of trade for Jacobson’s Transpacific business and operations network.”

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

With congestion issues and seaport gridlocks plaguing the transportation industry, air freight volumes are back on the rise. According to JLL’s annual Airport Outlook Report, global air cargo saw a 4.5 percent annual increase in 2014 and the forecast calls for 5 percent growth in 2015.

With a 3.1 cent increase, this week’s average price is $2.811, following last week’s 0.26 cent boost. The gains over the last two weeks come on the heels of a cumulative 16.3 cent decrease over the previous five weeks.

Transportation and logistics bellwether UPS began 2015 in solid fashion with first quarter revenue up 1.4 percent at $14.0 billion and operating profit up 11 percent at $1.7 billion. Earnings per share were up 14 percent at $1.12, which exceeded Wall Street expectations of $1.09, while revenue was shy of the Street’s $14.27 billion estimate.

Last week, the United States Department of Transportation took further steps to address various issues identified in recent train accidents involving crude oil and ethanol shipped by rail. The announcement was made by DOT with other DOT agencies, including the Federal Railroad Administration (FRA) and the Pipeline and Hazardous Materials Safety Administration (PHMSA).

Logistics Management Group News Editor Jeff Berman had an opportunity to interview Derek Leathers, President and Chief Operating Officer of Werner Enterprises, at this month's NASSTRAC Shippers Conference and Transportation Expo in Orlando. They discussed various aspects of the truckload market, including prices, fuel, and regulations.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA