Appleton, WI (PRWEB) October 19, 2012
WOW Logistics has announced the expansion of its Trade Finance Program to include off-site product financing for the dairy industry. This new program, the first of its kind, will allow companies to utilize WOW’s Trade Finance Program while aging cheese, as well as storing butter and dairy powders in a distribution center not owned or operated by WOW Logistics.
“Our customers have an ever increasing national footprint. By providing off-site trade financing solutions, we meet our customers’ needs by providing services in geographic locations closer to production facilities or their customer base, enabling a significant reduction in transportation costs” states Howard Kamerer, President and CEO of WOW Logistics.
WOW Logistics established its “Cheese Finance Program” in 1998 and was one of the first warehousing companies in the country to offer this specialized valued-added service to the dairy industry. Rebranded in 2012, WOW’s “Trade Finance Program” is a solution that allows companies to receive cash up front for their product and defer 100% of the cost of aging cheese (e.g. Cheddar, Parmesan, Romano, Asiago) and storing dairy products such as butter and powders, therefore freeing up their cash flow.
Kamerer adds “By developing the industry’s first off-site trade finance program, WOW Logistics reinforces its position as the market leader and innovator of financial solutions for the dairy industry.”
Today, WOW provides financing to some of the largest dairy producers, marketers, and processors in America. On an annual basis, WOW handles and stores more than 500 million pounds of cheese and more than 1 billion pounds of dry dairy products at its multi-temperature distribution centers.
Learn more about WOW’s Trade Finance Program at http://www.wowlogistics.com/finance_program
About WOW Logistics
Headquartered in Appleton, Wisconsin, WOW is a nationally recognized leader in the third-party logistics industry. WOW’s facility network consists of nearly 7 million square feet encompassing 23 warehouse locations in three states. In addition to multi-tenant and contract warehousing, WOW offers a vast array of value-added solutions including a Trade Finance Program, Transportation Management Services, and Build-to-Suit options. Learn more at http://www.wowlogistics.com.