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Stop letting funds go to waste

If the term ‘duty drawback’ is new to you, don’t feel bad. You’re not alone. According to Oradell, N.J.-based Comstock & Theakston Inc., 90 percent of the duty drawback refunds companies are eligible for in a typical year remain unclaimed and are ultimately lost. Duty drawback is the recovery of U.S. duties paid on merchandise that enters and subsequently leaves the commerce of the country to join the commerce of another country (including Canada and Mexico). Additionally, a drawback can be claimed on goods damaged and not useable upon arrival. Millions of dollars go unclaimed either because businesses don’t know […]

By |December 5th, 2012|Blog|0 Comments

Logistics company succeeds by building relationships

Ron Massman is always on the lookout for ways to reduce the carbon footprint his business leaves on the environment. So he’s quite proud The Dependable Cos. is using 5,300 solar panels to produce as much as 70 percent of the energy his business uses at its 1.5-million-square-foot corporate headquarters and warehouse in Los Angeles. “It was an investment, of course, but it’s something we felt was the right thing to do,” says Massman, CEO at the full-service logistics provider. “We have more than 50,000 square feet of office space. It’s really reduced our energy costs.” The effort to go […]

By |December 5th, 2012|Blog|0 Comments

The ultimate delivery vehicle

Bob Walters has dreamed of going into space since he was 15 and sending homemade rockets into the skies above the Mojave Desert. He’s confident his wait will soon be over. “It will be a dream come true,” says Walters, founder and president of Freight Management Inc. Walters has a ticket to ride aboard Virgin Galactic, the world’s first commercial spaceline. Sir Richard Branson began signing people up for the trip several years ago with the stipulation it might be a little while before liftoff. The ship needed to be built and tests needed to be conducted to make sure […]

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Special Delivery

FMI adapts with the times to continue delivering great service When Bob Walters started in the freight management business, it was highly regulated and competition was stifled. Today, it’s a high-tech market based on making the most of information from a variety of sources and managing the freight accordingly. “My business name is Freight Management, but in today’s world, I might as well be called ‘Data Management,’” Walters says. “Lower rates get us in the door, but we stay there based on how well we manage information for customers. “Deregulation is a seed that grew into the industry I’m in. […]

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Sustainably Shipped

How to build a greener supply chain by reducing your freight footprint With the undeniable impact of globalization, sustainability efforts and programs are likely playing a larger role in your company’s business strategy. Companies in almost every industry are looking for ways to create more workable, responsible infrastructure for the future, and one way they’re doing it is by reducing their carbon footprints. A company’s carbon footprint is the result of many factors, not limited to economic output, energy use, packaging, products, waste and other areas that contribute to the production of harmful greenhouse gases. Not surprisingly, the freight sector […]

By |December 5th, 2012|Blog|0 Comments