MSAS GLOBAL LOGISTICS SWITCHES NAME TO EXEL

MSAS GLOBAL LOGISTICS SWITCHES NAME TO EXEL

   MSAS Global Logistics has completed the change of its legal name to Exel.

   The change of legal name throughout Europe and the Americas followed the renaming of the former MSAS businesses in Asia Pacific in January.

   MSAS was the name of the logistics and freight-forwarding arm of the Ocean Group, which merged with fellow British group Exel last year. The name Exel is now used for the enlarged supply chain, logistics, warehousing and forwarding group.

   “This latest step of the integration has been to change the legal names of MSAS companies to reflect Exel’s position as a single, integrated global supplier,” the company said.

   “The new Exel brand was announced in July 2000, and has been progressively rolled out across the global business, which operates in over 120 countries with more than 55,000 employees,” explains John Allan, chief executive.

   Exel has annual revenues of over '4.3 billion ($6.6 billion), with activities in 1,300 locations in over 120 countries worldwide.