Janel World Trade Ltd. (JLWT.OB) featured company in The Wall Street Transcript

March 31, 2011

James Jannello, Chief Executive Officer and Director of Janel World Trade Ltd., talked to The Wall Street Transcript about his company. Click here to read the complete interview.

TWST: Please start with an overview of Janel World Trade and explain what a third-party logistics provider does.

Mr. Jannello:I started Janel in 1975 in New York as a customs and logistics broker. I saw that there was a need to provide quality import customs brokerage and related transportation services in what was an emerging market at the time. The startup of the business did not require me to make a huge investment in any transportation assets, like trucks or airplanes. Rather, the business we are in is non-asset based and we are a third-party logistics provider. We basically serve as an outsourced logistics department for our clients. We take care of all the moving parts necessary with any shipment around the world, from customs brokerage to shipment tracking and homeland security mandates. We utilized the services of direct, asset-based carriers and other transportation providers to handle the movement of our customers’ shipments. We have been around a long time and we’re ranked in the top 2%, by the way, of all logistics companies when it comes to customs brokerage services.