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PRESS RELEASE

April 09, 2015: Global freight management network The WACO System has welcomed Freight In Time (FIT) as its newest member in East Africa and Spence Maldives Pvt Ltd in Asia.

Headquartered in Nairobi, Kenya, FIT is the new WACO member for Kenya, Uganda, Tanzania, Rwanda, Djibouti, and Burundi.

Spence Maldives will represent the exclusive network of independent freight management companies in the Republic of the Maldives.

"We are focused on working with companies with strong local knowledge and expertise, and are delighted to be welcoming two such well-established forwarders to the WACO family," said Richard Charles, Executive Director, The WACO System.

"We continue to develop our network and expand our global footprint, and will be announcing more new members soon."

FIT offers integrated logistics solutions across a wide range of industry sectors, including pharmaceutical, oil and gas, telecommunications, humanitarian, and mining.

"We are delighted to be joining The WACO System and look forward to working with our new overseas partners," said Shamit Shah, Group Executive Director, FIT.

Established in 2006, Spence Maldives Pvt Ltd is headquartered in Malé, the Maldives, and offers a full suite of logistics services to customers globally.

It is part of the Aitken Spence Group of Companies, which includes Ace Cargo Pvt Ltd, WACO member for Sri Lanka since 2002.

"The WACO System represents an exciting opportunity for us and we are eager to start working with our new network of colleagues," said Buddike Dissanayake, Head of Freight, Spence Maldives Pvt Ltd.

The WACO System will hold its Annual General Meeting (AGM) in Rome, Italy from the 20th to 23rd April 2015. The network hosts two events a year globally, providing hundreds of face-to-face business meeting opportunities for members.

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