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As of 8:10 PM 02/25/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

150-14 132nd Avenue

Jamaica, NY 11434

United States

Phone: 718-527-3800

Fax: 718-527-1689

Janel World Trade, Ltd., through its wholly owned subsidiaries, provides logistics services for importers and exporters worldwide. The company engages in full-service cargo transportation logistics management, including freight forwarding – through air, ocean, and land-based carriers; customs brokerage services; and warehousing and distribution services. The company’s traditional freight forwarding and customs brokerage activities include various value-added logistics services, such as freight consolidation, insurance, a direct client computer access interface, logistics planning, landed-cost calculations, in-house computer tracking, product repackaging, online shipment tracking, and electronic billing. The company operates out of nine leased locations in the United States, such as Jamaica (operations and headquarters), Valley Stream (operations), and Lynbrook (accounting) in New York; Edison (Newark, New Jersey); Philadelphia, Pennsylvania; Elk Grove Village (Chicago, Illinois); Forest Park (Atlanta, Georgia); and two locations in Inglewood (Los Angeles, California). Janel Shanghai, Janel Hong Kong, and Janel China (Shenzhen) operate as independently owned franchises within the company’s network. The company conducts its business through a network of company-operated facilities and independent agent relationships in various trading countries. During the year ended September 30, 2014, the company handled approximately 29,000 individual import and export shipments, primarily originating or terminating in the United States, Europe, and the Far East. Operations Freight Forwarding Services As a cargo freight forwarder, the company procures shipments from its customers; consolidates shipments bound for a particular destination from a common place of origin; determines the routing through which the consolidated shipment would move; selects a carrier (air, ocean, and land) serving that route on the basis of departure time, available cargo capacity and rate; and books the consolidated shipment for transportation with the selected carrier. In addition, the company prepares all required shipping documents, delivers the shipment to the transporting carrier, and in various cases, and arranges clearance of various components of the shipment through customs at the final destination. Customs Brokerage Services As part of its integrated logistics services, the company provides customs brokerage clearance services in the United States and in various foreign countries. These services entail the preparation and assembly of required documentation in various instances, the electronic transmission to federal agencies of this data (the company provides in-house translation services into Chinese, Spanish, or Italian), the advancement of customs duties on behalf of importers, and the arrangement for the delivery of goods after the customs clearance process is completed. Additionally, other services might be provided, such as the procurement and placement of surety bonds on behalf of importers; and the arrangement of bonded warehouse services, which allow importers to store goods while deferring payment of customs duties until the goods are delivered. Other Logistic Services In addition to providing air, ocean, and land freight forwarding and customs brokerage services, the company provides its import and export customers with a range of integrated global logistics services. These logistics services include warehousing and distribution services, door-to-door freight pickup and delivery, cargo consolidation and de-consolidation, project cargo management, insurance, direct client computer access interface, logistics planning, landed-cost calculations, duty-drawback (the recovery of previously paid duties when goods are re-exported), in-house computer tracking, product promotion, product packaging and repackaging utilizing the company’s mobile packaging machinery, domestic pickup and forwarding, ‘hazmat’ certifications for hazardous cargoes, letters of credit, language translation services, online shipment tracking, and electronic billing. Information Systems The company’s information system hardware consists of an IBM AS 400 system that is utilized by all of its offices in the United States. The company’s information technology capabilities also include DCS/HBU Logistics software (an integrated freight forwarding and financial reporting system), a T-1 online national network, Web-based supply-chain technology, and a nationwide in-house email network. These systems enable the company to perform in-house computer tracking and to offer customers landed-cost calculations and online Internet information availability through the company’s Websites relative to the tracing and tracking of customer shipments. Customers, Sales, and Marketing The company serves three principal markets, such as consumer wearing apparel and textiles, machines and machine parts, and household appliances. During the year ended September 30, 2014, the company shipped goods and provided logistics services for approximately 963 individual accounts. The company markets its cargo transportation and integrated logistics services worldwide. Seasonality Historically, the company’s quarterly operating results have been subject to seasonal trends. The fiscal first quarter (year ending September 2014) has been the weakest, and the fiscal third and fourth quarters have been the strongest. Regulation With respect to the company’s activities in the air transportation industry in the United States, it is subject to regulation by the Department of Transportation as an indirect air carrier. The company is licensed in each of its offices as a freight forwarder by the International Air Transport Association. The company is licensed as a customs broker by the Department of Homeland Security Customs and Border Service. The company is registered as an Ocean Transportation Intermediary and licensed as a non-vessel operating common carrier by the Federal Maritime Commission. History Janel World Trade, Ltd. was founded in 1974.

 

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