Executive Briefings

Evans Distribution Systems Achieves FTZ Status at Virginia Location

Evans Distribution Systems, a third-party logistics provider of warehousing, transportation and related services, has achieved foreign trade zone (FTZ) status at its location in Suffolk, Va. As a result, the site is now considered a secure area that is legally outside U.S. Customs and Border Protection territory. Imported goods are not taxed until they leave the zone; duty is never paid on re-exported goods, and there is no time limit on how long items can be stored inside. The FTZ designation is expected to increase Evans's Virginia business by approximately 20 percent, the company said. Foreign and domestic goods can be intermingled within the FTZ, and goods can be released immediately, unlike those in bonded storage, which can require 48 hours. The Suffolk location also recently received its Alcoholic Beverage Control license from the Commonwealth of Virginia's Alcoholic Beverage Control Board, allowing Evans to store and export alcoholic beverages from the warehouse. Evans has a number of customers in the alcoholic beverage industry. It moved to the Suffolk location last May, doubling capacity from its previous site in Virginia. The current complex features rail capacity for 22 railcars serviced by CSX and Norfolk Southern, with proximity to the Port of Norfolk.
http://www.evansdist.com

Evans Distribution Systems, a third-party logistics provider of warehousing, transportation and related services, has achieved foreign trade zone (FTZ) status at its location in Suffolk, Va. As a result, the site is now considered a secure area that is legally outside U.S. Customs and Border Protection territory. Imported goods are not taxed until they leave the zone; duty is never paid on re-exported goods, and there is no time limit on how long items can be stored inside. The FTZ designation is expected to increase Evans's Virginia business by approximately 20 percent, the company said. Foreign and domestic goods can be intermingled within the FTZ, and goods can be released immediately, unlike those in bonded storage, which can require 48 hours. The Suffolk location also recently received its Alcoholic Beverage Control license from the Commonwealth of Virginia's Alcoholic Beverage Control Board, allowing Evans to store and export alcoholic beverages from the warehouse. Evans has a number of customers in the alcoholic beverage industry. It moved to the Suffolk location last May, doubling capacity from its previous site in Virginia. The current complex features rail capacity for 22 railcars serviced by CSX and Norfolk Southern, with proximity to the Port of Norfolk.
http://www.evansdist.com