Global Archives

Logistics Plus Acquires H.C. Bennett Company

by logisticsplus | Nov 1, 2018 | News

FOR IMMEDIATE RELEASE

Logistics Plus Acquires H.C. Bennett Company

As part of its new FPA Services offering, Logistics Plus will now provide
International buyers with a complete Purchase Order Management Program.

ERIE, PA (November 1, 2018) – Logistics Plus Inc., a leading worldwide provider of transportation, logistics and supply chain solutions, is pleased to announce that, effective today, it has acquired the international freight forwarding and foreign principal agent (FPA) services of privately-held Red Lion, PA-based H.C. Bennett Company (HCB). The former HCB unit will now operate as the FPA Services department within the Logistics Plus International division and will provide international buyers with a more complete purchase order (PO) management program with the ability to manage the shipment of thousands of POs purchased on a routed transaction.

Current HCB customers can expect a stable transition to Logistics Plus with the ability to access new, expanded complimentary domestic and international services. As part of Logistics Plus, the new FPA Services department can quote highly competitive rates for any worldwide air or ocean shipment to any destination with integrated destination clearance services. Logistics Plus also provides in-house programming expertise to support the HCB cornerstone PO Wizard™ software solution. PO Wizard provides foreign principals and their suppliers the ability to view the progress of each PO line item’s movement across the supply chain.

“We are excited about the synergies we now have as part of Logistics Plus. Becoming part of a much larger organization, we now have a deeper bench and more international transportation resources than ever before,” said David Bennett, president of H.C. Bennett Company. “Operational continuity is extremely important to Logistics Plus, and current HCB customers and vendors can expect the same staff, pricing, and procedures as they have come to expect, but now with a whole lot more through the Logistics Plus network.”

About Logistics Plus Inc.
Logistics Plus Inc. provides freight transportation, warehousing, fulfillment, global logistics, and supply chain management solutions through a worldwide network of talented and caring professionals. Founded in Erie, PA by local entrepreneur, Jim Berlin, 21 years ago, Logistics Plus is a fast-growing and award-winning transportation and logistics company. With a strong passion for excellence, its 400+ employees put the “plus” in logistics by doing the big things properly, and the countless little things, that together ensure complete customer satisfaction and success.

The Logistics Plus® network includes offices located in Erie, PA; Little Rock, AR; Los Angeles, CA; Riverside, CA; San Diego, CA; San Francisco, CA; Visalia, CA; Atlanta, GA; Chicago, IL; Detroit, MI; Lexington, NC; Buffalo, NY; New York, NY; Olean, NY; Akron, OH; Cleveland, OH; Charleston, SC; Nashville, TN; Dallas, TX; Fort Worth, TX; Houston, TX; Laredo, TX; Winchester, VA; Madison, WI; Australia; Bahrain; Belgium; Brazil; Canada; China; Colombia; Czech Republic; Egypt; France; Germany; Hong Kong; India; Indonesia; Kazakhstan; Kenya; Libya; Mexico; Netherlands; Poland; Saudi Arabia; Singapore; South Sudan; Taiwan; Turkey; UAE; Uganda; and United Kingdom; with additional agents around the world. For more information, visit www.logisticsplus.com or follow @LogisticsPlus on Twitter.

Media Contact:
Scott G. Frederick
Vice President, Marketing
Logistics Plus Inc.
(814) 240-6881
scott.frederick@logisticsplus.com

Click image below to download the Logistics Plus logo:

World Growth to Accelerate According to IMF via Armada

by logisticsplus | Apr 19, 2017 | News

If you’re looking for reliable, insightful, and digestible economic, political, and business intelligence, you should check out Armada Executive Intelligence. Their Black Owl Report executive briefing system is a must-have for any business leader wanting to stay current on global news and events that could impact your supply chain. Shown below is an excerpt from the Wednesday 19, April 2017 Black Owl Report briefing with news and comments regarding the latest IMF (International Monetary Fund) World Outlook Update. The IMF projects the world economy to grow at a pace of 3.5 percent in 2017, up from 3.1 percent last year, and 3.6 percent in 2018. Acceleration will be broad based across advanced, emerging, and low-income economies, building on gains it has seen in both manufacturing and trade.

Here is the Armada Black Owl Report excerpt:

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World Growth to Accelerate According to IMF. The IMF has released its latest World Outlook update, and it bumped up global growth from 3.4% to 3.5%. It left most of its 2018 outlook unchanged – primarily because of Brexit and a few unknowns that could affect global growth. To pull a few highlights out of the report, here are the items that caught our eye:

From a geopolitical perspective, it would seem that Russia has less to worry about (economically speaking). The IMF sees the country growing finally at 1.4% in 2017 and 2018. That changes the negotiating perspective between Russia and the rest of the world. If it can grow despite economic sanctions imposed on it, then it has flexibility and the ability to maneuver. The global community could always ratchet up global sanctions, but it would take a lot more to get the world to move. Otherwise, unilateral action is likely to have less impact in the future (and therefore becomes a lesser deterrent).
Emerging markets in general will see growth of 4.5% this year, compared to 4.1% last year.
China outlook has improved slightly, but the IMF still believes that it will see growth behind its 2016 performance.
India will see growth accelerate further, growing at 7.2% in 2016 vs. 6.8% in 2016. India ranks 7th among the largest economies in the world, but had just $2.2 trillion in output in 2016 (compared to China’s $11 trillion or the US’ $18 trillion).
Growth in most of Europe was also lifted by .1 percentage point in 2017, but remained unchanged in 2018. The uncertainty of Brexit (as mentioned) is the greatest factor limiting the IMF from hiking growth expectations in 2018.
Closer to home, Canada growth was left unchanged at 1.9% for 2017, which is still improved from the 1.4% growth rate experienced in 2016. Mexican growth was also left unchanged at 1.7%, down from the 2.3% posted last year. Uncertainty over NAFTA negotiations, weaker oil prices, and an unexpected sluggishness in global automotive demand has weakened the outlook.
Lastly, the IMF is baking in some rough geopolitical conditions into several regions (you can read the full, online report here).

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If you’re interested in checking out the Armada executive briefing reports for yourself, they’re currently offering a 30-day risk-free trial. The Black Owl Report is published twice weekly, with other valuable reports periodically interspersed. Click the image below for more details.

Need help managing your global supply chain? Logistics Plus has that part covered. Contact us for more information.