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LOGISTICS NEWS<br />
GENAVCO RACKS UP ACCESS WORLD LOGISTICS<br />
GENAVCO has recently completed the Stow Pallet Racking System with Crown TSP Series VNA Equipment at<br />
Access World Logistics' newly opened 15,650-sqm warehouse at Dubai's Jebel Ali Free Zone (JAFZA). Photo<br />
shows executives from both companies celebrating the completion of the project.<br />
Moving into their new distribution center, AWL needed a solution to adapt and enable products and SKU<br />
flexibility. Genavco's design team worked closely with the company to meet and exceed the requirements<br />
though the integration of both Racking and Material Handling Solutions. The installed solution includes<br />
12,674 Pallet Locations along with a fleet of Crown Material Handling Equipments including VNA, Forklifts,<br />
Powered Pallet Trucks, Battery Transfer System, among many others.<br />
Panalpina joins Blockchain in Transport Alliance<br />
BASEL, Switzerland: International<br />
freight forwarding and logistics<br />
company Panalpina has joined the<br />
Blockchain in Transport Alliance<br />
(BiTA), a forum of leading tech and<br />
transportation companies for the<br />
development and implementation of<br />
blockchain standards in the freight<br />
industry.<br />
The company says it sees many<br />
advantages of blockchain technology<br />
for freight forwarding and logistics<br />
operations in general, but also for<br />
specific areas such as perishables.<br />
BiTA is a forum of leading tech and<br />
transportation companies for the<br />
development and implementation of<br />
blockchain standards. Members aim<br />
to educate the market on blockchain<br />
applications and encourage their use<br />
through implementation.<br />
Blockchain creates a digital record of<br />
e v e r y t r a n s a c t i o n m a d e i n a<br />
decentralized and secure way using<br />
cryptography. BiTA standards will<br />
address how the technology will<br />
impact contracts, freight payments,<br />
asset maintenance and ownership<br />
history, chain of custody of freight,<br />
and other issues facing the industry.<br />
“Our goal is to bring together leading<br />
companies in the freight and<br />
technology industries that have a<br />
vested interest in the development of<br />
blockchain technology. As an assetlight<br />
company with a very long history<br />
in the freight forwarding and logistics<br />
industry, Panalpina's contribution will<br />
be very valuable,” says BiTA president<br />
Chris Burruss.<br />
Blockchain use in freight forwarding<br />
and logistics is still in the early<br />
adoption phase, but Panalpina, which<br />
ended 2017 with strong air freight<br />
volumes and margins, is already being<br />
approached by vendors, partners and<br />
customers inquiring about it.