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Please find the latest industry news below.
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Only 8 hours loading time to deliver food and supplies shipside before RCCL ships cruise away with guests.
TURTLE BEACH CORPORATION PARTNERS WITH KUEHNE + NAGEL FOR GLOBAL LOGISTICS
San Diego, CA – September 22, 2015 – Turtle Beach Corporation (NASDAQ: HEAR), the leading-edge audio technology company and #1 in gaming audio, today announced the Company has entered into a strategic partnership with Kuehne + Nagel, one of the world’s leading integrated logistics providers.
"Partnering with Kuehne + Nagel is a key step in the globalization, standardization and simplification of our supply chain partner network,” said Robert Andris, Senior Vice President of Global Supply Chain Operations, Turtle Beach Corporation. "Leveraging Kuehne + Nagel’s scale, operational prowess and visibility increases our agility as we revamp the cost, quality and delivery aspects of Turtle Beach’s operation. This is a significant advancement in our supply chain transformation as we continue the globalization of our operations and expand into new territories.”
“Finding a logistics provider that supports our strategic global direction was a critical factor in partnering with Kuehne + Nagel,” said Juergen Stark, CEO, Turtle Beach Corporation. “Kuehne + Nagel’s global reach is key to supporting our market expansion and financial objectives for both gaming headsets and hearing healthcare solutions.”
“We are excited to enter into this new partnership to support Turtle Beach’s continued growth,” said John Hextall, President and CEO, Kuehne + Nagel North America. “We are committed to deeply integrating our supply chain expertise and providing Turtle Beach a competitive edge through our global network and integrated logistics solutions, thereby facilitating the expansion of Turtle Beach’s gaming headset and HyperSound businesses.”
Celebrating 40 years of business this year, Turtle Beach continues to deliver its patented, innovative audio products to market. In July 2015 the Company launched its third 100% fully wireless Xbox One gaming headset – the Ear Force® Stealth 420X – one of Amazon’s highest consumer rated gaming headsets, and has plans to launch several more new products, including HyperSound Clear™ – the Company’s groundbreaking hearing healthcare device which has been shown to improve sound clarity and speech intelligibility for people with hearing loss for a crisp, clear home entertainment listening experience, by the end of the year.
About Kuehne + Nagel
With over 74,000 employees at more than 1,300 locations in over 100 countries, the Kuehne + Nagel Group is one of the world’s leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated logistics solutions. Further information can be found at www.kuehne-nagel.com.
About Turtle Beach Corporation
Turtle Beach Corporation (www.turtlebeachcorp.com) designs leading-edge audio products for the consumer, commercial and healthcare markets. Under the Turtle Beach brand (www.turtlebeach.com), the Company markets a wide selection of quality gaming headsets catering to a variety of gamers' needs and budgets, for use with video game consoles, including officially-licensed headsets for the Xbox One and PlayStation®4, as well as for personal computers and mobile/tablet devices. Under the HyperSound brand (www.hypersound.com), the Company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. The company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.
This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events. Forward looking statements are based on management's statements containing the words "may", "could", "would", "should", "believe", "expect", "anticipate", "plan", "estimate", "target", "project", "intend" and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management's current belief, as well as assumptions made by, and information currently available to, management.
While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, the substantial uncertainties inherent in acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the implementation of any businesses we acquire, our indebtedness, and other factors discussed in our public filings, including the risk factors included in the Company's most recent Annual Report on Form 10-K and the Company's other periodic reports. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.
Kuehne + Nagel to manage Ortho Clinical Diagnostics’ temperature-controlled supply chain
About Kuehne + Nagel
ReTrans acquisition closed
Jersey City, NJ, August 4, 2015 - The Kuehne + Nagel Group has completed the agreement to acquire 100 per cent of the shares of ReTrans Inc., a U.S. based leading provider of multimodal transportation management solutions. The acquisition builds on Kuehne + Nagel’s growth strategy and commitment to offer tailored logistics solutions to its customers in North America.
The ReTrans business model is entirely complementary to that of Kuehne + Nagel with its range of domestic transportation solutions,including a proven Intermodal offering. As one of the leading nation wide Intermodal Marketing Companies (IMCs), ReTrans provides Kuehne +Nagel with direct access to the Railroads.
John Hextall, Kuehne + Nagel’s President & CEO, North America, states:“We are excited at the prospects of integrating ReTrans into our North America region (Canada, USA and Mexico). The capabilities and service offerings of ReTrans will complement our existing business portfolio in Seafreight, Airfreight, Contract Logistics and Overland. Our customers will enjoy a broader range of domestic services to enable end-to-end transportation and supply chain solutions. The excellent cultural fit between the two organizations will help to facilitate the growth we envisage.”
David Wedaman, Chief Executive Officer, ReTrans, Inc. added: “ReTrans will join a larger family at Kuehne + Nagel and its customers will definitely benefit from the strength and depth of the global network and forwarding and logistics capabilities. ReTrans is an organization that has built its exceptional reputation on tailoring solutions for our customers, and providing a very high level of service to them. We will now have many more solutions to offer our customers.”
About Kuehne + Nagel With over 63,000 employees at more than 1000 locations in over 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated logistics solutions. Further information can be found at www.kn-portal.com
About ReTrans Founded in 2002, with headquarters in Memphis, TN, ReTrans ranks among the leading U.S. non-asset brokerage providers of intermodal transportation, as well as full and less-than-truckload (FTL and LTL) services in the United States and Canada. With more than 300 employees the company operates in 68 locations and generates annual revenues exceeding USD 500 million.
Duvel Moortgat USA selects Kuehne + Nagel to manage logistics
Jersey City, NJ, June 11, 2015 – One of the largest independent beer brewers, Duvel Moortgat USA, has chosen Kuehne + Nagel to manage its seafreight for transatlantic eastbound / westbound and transpacific westbound shipments, as well as its brokerage.
KN Drinks Logistics in Jersey City, NJ is operating as the logistics control tower for the Duvel Moortgat USA business. The company’s beer is shipped to Duvel’s warehouses as well as directly to distributors; therefore live and accurate visibility is vital to its supply chain. Duvel will leverage Kuehne + Nagel’s internet-based track & trace system KN Login for transportation visibility and forecast planning.
Duvel Moortgat USA, the American importing unit of Duvel Moortgat, owns Cooperstown based brewery Ommegang and Kansas City based brewery Boulevard Brewing. “We chose to partner with Kuehne + Nagel because of its global network, logistics capabilities, strong reputation, as well as its competitive pricing. With its excellent services, Kuehne + Nagel meets our logistics needs for our import and export operations,” said, Kim White, Duvel Moortgat USA, Supply Chain Manager.
KN Drinks Logistics has extensive capabilities to support the unique supply chain challenges of international drinks customers. This includes wineries, beer brewers and spirit distillers, global exporters and importers as well as multinational retailers. From storage to transportation whether in dry containers, reefer, or bulk Kuehne + Nagel offers significant value by providing visibility and control, plus customs handling and country compliance adherence to regulations governing drinks logistics.
“We are very pleased that Duvel USA has chosen to work with our team”, said John Hextall, President of Kuehne + Nagel North America. “Our KN Drinks Logistics solutions for Duvel will focus on delivering overall service enhancements and we look forward to building a long-term relationship. We manage several Belgian and German craft beers now in our portfolio and are committed to further developing and investing in our integrated solutions for the beer industry.“
About Duvel Moortgat USA Duvel Moortgat USA is the American importing unit of Duvel Moortgat, an independent brewer of specialty beers headquartered in Puurs, Belgium. The Duvel family of fine Belgian beers includes offerings from Duvel Moortgat, Maredsous, Brewery Ommegang, Brasserie D' Achouffe, Liefmans, and De Koninck. www.duvel.com
About Kuehne + Nagel With over 63,000 employees at more than 1000 locations in over 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated logistics solutions. Further information can be found at www.kuehne-nagel.com
Kuehne + Nagel provides global seafreight solution for Beam Suntory
Kuehne + Nagel receives Royal Caribbean’s 2014 Royal Contribution Award
Kuehne + Nagel and Commodity Forwarders Inc. align to offer superior perishables logistics solutions
Kuehne + Nagel awarded contract by Terex Aerial Work Platforms for global transportation management solution
Kuehne + Nagel Expands Atlanta (USA) Operations
Kuehne + Nagel provides logistics solutions for Royal Caribbean Cruises Ltd.
DIRECTV signs 4-year contract renewal with Kuehne + Nagel to manage logistics operations in the U.S.
KN Focus e-Newsletter
KN Focus e-Newsletter | 18 December, 2013
KNFocus US eNewsletter | 08 April, 2013
KN Advisory: Revised Low Sulfur Surcharges for shipments to/from the U.S.
Per our previous KN Advisory, carriers are imposing additional charges based on higher bunker costs due to mandated use of more expensive low sulfur fuel. Please find attached our revised Low Sulfur Surcharge (LLS) chart for all shipments that have a bill of lading date of January 1, 2015 or later. Kuehne + Nagel LLS Chart>>
The following changes have been made to our previously distributed tariff chart:
- Defined Low Sulfur Surcharge for exports to Asia and Indian Sub-Continent (ISC) from all U.S. port ranges
- Addition of Low Sulfur Surcharge levels to/from South Africa
Also, please note that Gulf ports are covered under surcharge levels reflected for the U.S. East Coast
Kuehne + Nagel is committed to compliance measures that reduce impact on the environment. We thank you for your understanding, and should you have any questions, please contact your local Kuehne + Nagel representative or email: email@example.com.
KN Advisory: PMA Calls for Federal Mediation in Negotiations with ILWU
The Pacific Maritime Association (PMA), which represents terminal operators and shipping lines at 29 West Coast ports, has requested federal mediation in its contract negotiations with the International Longshore & Warehouse Union (ILWU).
Both sides have to agree to federal mediation before the government will consider entering the talks. A spokesman for the ILWU said the union is taking more time to study the call for a mediator. ILWU website>>
According to the PMA's released statement, the two sides remain far apart on many issues and are not close to a new contract nearly six months after their old contract expired. ILWU slowdown actions and walk-offs have reduced productivity and caused severe congestion over the last several months, worsening already difficult conditions tied to chassis and trucker shortage, bigger ships and larger volumes. The situation is impacting shippers and truck drivers, plus creating long-term damage to the West Coast with continued loss in market share to ports on the U.S. East and Gulf coasts. PMA statement>>
Kuehne + Nagel is following the situation very closely and we will continue to keep you informed of further developments as they occur. Should you have any questions or concerns regarding this topic, please contact your local Kuehne + Nagel representative or email: firstname.lastname@example.org.
KN Advisory: Importer Security Filing for LCL
On January 26, 2009, the U.S. Customs and Border Protection (CBP) began enforcing the Importer Security Filing (ISF) requirements for cargo arriving into the U.S. by ocean vessel. The importer of record is responsible for filing the ISF through their designated agent or customs broker. If the ISF is not filed, fines may be up to $10,000 for each violation.
CBP flags more and more containers for customs hold or inspection in case ISF filing is not done properly or not done at all. Import containers incurring detention result in additional cost for the container handling in general, not including the fines. For LCL imports handled via Kuehne + Nagel’s own consolidation containers, any additional charges incurred for non-compliance of the ISF rules will be charged to the offending importer of record and not distributed equally to the multiple customers moving freight in the particular consolidation container.
If you have any questions in regards to ISF filing, please contact your local Kuehne + Nagel representative or email: email@example.com.
The Kuehne + Nagel Management Team
ISF is composed of 10 data elements that are required to be sent to US Customs on all import shipments arriving via sea-freight into the United States:
- Manufacturer (or supplier) name and address
- Seller (or owner) name and address
- Buyer (or owner) name and address
- Ship-to name and address
- Container stuffing location
- Consolidator (stuffer) name and address
- Importer of record number/foreign trade zone applicant identification number
- Consignee number(s)
- Country of origin
- Commodity Harmonized Tariff Schedule number
From the carrier, two data elements are required:
- Vessel stow plan
- Container status messages
The above information is required for the Department of Homeland Security to “push out” U.S. borders. Collecting information on foreign importers 48 hours prior to the goods leaving the port of loading allows CBP to further secure U.S. ports of entry against acts of terrorism.
For more detailed information about the Importer Security Filing, please visit the CBP website; click here>>.
KN Advisory: Low Sulfur Charge Effective January 1, 2015
Due to the MARPOL regulation on the use of low sulfur fuel impacting costs, effective from January 1, 2015, carriers will implement a low sulfur charge on all shipments passing to/from/via the coastal areas deemed Emissions Control Areas (ECA).
The MARPOL (The International Maritime Organization’s Marine Pollution Convention) regulation legally mandates that ships crossing the ECA in the North Atlantic, Baltic Sea, English Channel and North Sea are required to use fuel with no more than 0.1% sulfur content (down from 1%). This requires ocean carriers to switch to more refined but significantly more expensive marine gas oil.
Kuehne + Nagel will apply the low sulfur charge in accordance with the attached tariff charge chart for all shipments that have a bill of lading date of January 1, 2015 or later. The charge will be trade specific and apply equally to dry/reefer cargo and headhaul/backhaul (except for transpacific trades, where we differentiate per trade direction). Low sulfur charge levels will be reviewed frequently and adjusted with or without notice to reflect significant fluctuations in the price of low sulfur fuel.
Kuehne + Nagel is committed to compliance measures that reduce impact on the environment. Our Global Facility Carbon Calculator (GFCC), available on our website, allows customers to quickly calculate and see the total CO2 emission for container and LCL movements from door to door.
We thank you for your understanding, and should you have any questions, please contact your local Kuehne + Nagel representative or email: firstname.lastname@example.org.
KN Advisory: Carriers Postpone West Coast Congestion Surcharge (Again)
Please note that all carriers have once again suspended the previously announced port congestion surcharges for any cargo moving via U.S. West Coast ports. This applies to all trades and not just to cargo originating from Asia. The Federal Maritime Commission is currently reviewing a number of concerns into surcharge validity.
We suspect this will not be the last we hear on this issue, as congestion continues to trouble all terminals in Los Angeles, Long Beach and other West Coast ports. Kuehne + Nagel will continue to monitor this very fluid situation and will issue further advisories as the situation warrants.
In the meantime, should you have any questions or require additional information, please don’t hesitate to contact your local Kuehne + Nagel representative or email: email@example.com.
The Kuehne + Nagel Management Team
Contact Kuehne + Nagel US for more information.