Janel World Trade Group Announces Expansion Of Contract To Deliver Chemical Catalyst To Oil Refining Industry

Jamaica, NY - Janel World Trade, Ltd.,a full-service global provider of integrated logistics services, recently announced the reconfirmation and expansion of a three-year contract to ship containers of chemical catalyst to a customer for use in the oil refinery industry in the Middle East.

"We are pleased to announce that our customer has elected to reconfirm its three-year contract with Janel after a review of our performance during the first twelve months of the relationship," stated James N. Jannello, Chief Executive Officer of Janel World Trade, Ltd. "This represents our first contract for the logistical management of shipments of specialized chemical catalysts that are used in the oil refining industry. The customer has increased the estimated number of container shipments by 25%, from 400 annually to 500 annually. We currently expect to generate $1.5M to $1.8M in gross revenues during the second year of the contract."

SOURCE: Janel World Trade, Ltd.