ACU June 5th DRAFT

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