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Worldwide Logistics and Magnussen Logistics form Venture

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Worldwide Logistics (WWL) and Magnussen Logistics announced a venture inHo Chi Minh City, Vietnam, and Riverside, California, that they say has become the first asset-based logistics companies to offer a complete logistical solution to the home furnishings industry from Vietnam to the US and Canada. This venture combines Magnussen’s Asian logistics expertise with WWL’s domestic logistics expertise to provide a complete logistics solution to distributors and retailers that are venturing into direct sourcing, product development, quality control, warehousing and logistics. “Magnussen Home has been a great customer to the WWL companies over the years,” says Eric Clarke, Presidentof Worldwide Logistics. “We are very excited about marrying our domestic capabilities with the knowledge and expertise that Magnussen has gained in Asia over the past 27 years. Together we are bringing a superior product to the marketplace.” Magnussen Logistics is the logistical arm of Magnussen Home based out of New Hamburg, Ontario, Canada.Magnussen Home is known and respected throughout the home furnishings industry as having mastered the art of supply chain management, realizing that a well planned and executed supply chain gives manufacturers and importers a competitive edge in the marketplace. “We believe that by leveraging our 27 years of experience we can assist suppliers and retailers in inventory flow management,” adds Richard Magnussen, President and CEO of Magnussen Home. “Inventory turnover is all aboutsupply chain management. Significant ROI can be achieved for our retailers and suppliers with every inventoryturn. Magnussen Home is excited to work with Worldwide Logistics to manage the supply chain and, thereby, bringabout a greater number of turns and reductions in inventory for our retailers and suppliers.” About Magnussen Logistics: Magnussen Logistics, the logistical arm of Magnussen Home, currently operates out of a 400,000 square foot distribution facility in Riverside, California, and a 232,000 square foot facility in Ho Chi Minh City, Vietnam. Construction is currently underway and soon to be completed on a new 430,000 square foot facility in Vietnam. This new distribution center will be the single largest bonded DC in Vietnam of all industries. The facilities inVietnam are, and the new facility will be, fully racked and humidity controlled, which is important in Vietnam because the climate is conducive to mold growth and carton degradation. Magnussen’s Vietnam facilities are able to store product for up to 3 years without concern for mold growth. The Ho Chi Minh facility is bonded, C-TPAT Certified by US Customs and fully secured 24/7.About Worldwide LogisticsWorldwide Logistics was formed earlier this year through the merger of six specialized furniture carriers: FourTruckers, Morganton, NC; FTS, Pomona, CA; Milwaukee Delivery, Jefferson, WI; Palmer Transport, Ontario, CA;Rudisill Transportation, Hickory, NC and Warren Trucking, Martinsville, VA. Worldwide Logistics offers completesupply chain solutions in the United States. Through access to Magnussen’s Logistics’ humidity controlled, fully racked, facility in Ho Chi Minh City, Vietnam, and industry leading web-based technology, Worldwide Logistics cansecurely store and transport furniture.

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