SAN MATEO, CA and SINGAPORE -- (Marketwire) -- 03/12/12 -- Menlo Worldwide Asia Pacific Pte Ltd., the global logistics subsidiary of Con-way Inc. (NYSE: CNW), today announced it has achieved Secure Trade Partnership (STP) from Singapore Customs. A voluntary program, STP is consistent with the World Customs Organization (WCO) SAFE Framework of Standards and serves to secure and facilitate global trade. Menlo is one of only 75 companies that have been certified under the STP program since the program's inception in 2007.
Menlo initiated the STP process in April 2011 and subsequently underwent several series of facility audits and procedural validations performed by Singapore Customs. To achieve STP endorsement, Menlo was required to have security management systems in place, conduct risk assessments of their business operations and implement security measures in eight key areas: premises and access controls, personnel, business partners, cargo, conveyance, information and IT, incident management and investigations, and crisis management and incident recovery.
"STP indicates to our customers and to the government of Singapore that we take the adoption and implementation of security measures seriously and are committed to adhering to security best practices across the entire supply chain," said Desmond Chan, managing director, South Asia, Menlo Worldwide Logistics. "Our security and operations teams in Singapore worked diligently over many months to reach this important milestone and I thank them for their dedication and commitment. This is a well-deserved accomplishment and one in which we are prepared to lend our ongoing support long into the future."
As an STP-certified company, Menlo brings increased visibility and greater efficiency into its supply chain. Additionally, the company benefits from: -- An enhanced reputation as a low-risk company -- Reduced inspection or expedited clearance into and/or out of Singapore -- Designated account managers -- Trade facilitation benefits such as bank guarantee reduction -- Automatic recognition as a known consignor (KC) under the Regulated Air Cargo Agent Regime (RCAR) "Having worked closely with the Menlo team in South Asia over the past six months, I've seen firsthand the importance they place on supply chain security as evidenced from the strong support from the highest levels of management," said Jeffrey Ho, account manager, Singapore Customs. "I congratulate Menlo Worldwide for this excellent achievement and look forward to continued collaboration with Menlo as a trusted partner of Singapore Customs."
Five Menlo facilities in Singapore are now STP-validated: 30 Boon Lay Way; 6 Pioneer Walk ‥02-06WH Goldin Logistics Hub; 22A Benoi Road; 10 Penjuru Road; and 46 Penjuru Lane, C&P Hub 1, Block 1 CLS-Warehouse A ‥04-01.
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Menlo Worldwide Logistics images are available at www.con-way.com/en/about_con_way/newsroom
About Menlo Worldwide Logistics Menlo Worldwide Logistics, LLC, is a US$1.6 billion global provider of logistics, transportation management and supply chain services with operations in five continents, including North America. As a third-party logistics provider, San Mateo, Calif.-based Menlo Worldwide Logistics' services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services including packaging, kitting, order fulfillment and light assembly through a strategic network of multi-client and dedicated facilities. With more than 17 million square feet of dedicated warehouse space in North America, the Asia Pacific, Europe and Latin America, and industry-leading technologies, Menlo Worldwide Logistics creates effective, integrated solutions for the transportation and distribution needs of leading businesses around the world.
Menlo Worldwide Logistics, LLC, is a subsidiary of Con-way Inc. (NYSE: CNW), a $5.3 billion diversified freight transportation and logistics company. For more information, please visit us on the Web at www.con-way.com.
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