Freight Management Ltd (FML) has joined independent freight forwarder network, the WACO System, as member for Bangladesh. FML employs 117 staff in offices in the capital Dhaka, and the port city of Chittagong, providing road, air and ocean services across Bangladesh, which is one of the world’s fastest growing economies.
“FML has been operating for over 22 years, and we look forward to the local knowledge and expertise they will bring to the network,” said Richard Charles, executive director, the WACO System.
FML was founded in 1996 under the leadership of managing director Hossain Mohammed Zahedi, and the company provides specialised Customs support for dangerous goods, refrigerated products, and perishables.
Bangladesh is expected to become the world’s third fastest growing economy in 2019, according to the United Nations (UN) World Economic Situation and Prospects (WESP).
“Our membership of WACO will give us the opportunity to extend our co-operation with independent freight and logistics operators across the world, for our inbound and outbound shipments, for both in air-freight, and sea-freight businesses,” says Ghulam Muqtadeer, director of Sales, FML.
“Our goal is to become a successful and effective freight forwarding company to serve our honourable business partners around the WACO network with our superior service platform we have been developing over the last 22 years,” he adds.
The WACO System includes 120 independent forwarders in 116 countries with a combined network of more than 400 locations, employing over 21,000 freight professionals who handle over 1.85 million shipments each year including one million tonnes of airfreight.
The exclusive network has a combined annual turnover of USD 4.0 billion. The company is an Association owned by its members with its corporate head office in Zurich, Switzerland, and operational management in London, UK.
The group holds two meetings a year facilitating hundreds of bilateral meetings for members to network and grow business. This year’s AGM will be taking place in Limassol, Cyprus, from 1-3 April this year.