Janel Corporation, through its subsidiaries, provides logistics services worldwide.
Segments
The company operates through three segments: Logistics, Life Sciences and Manufacturing.
Logistics
Logistics segment consists of several wholly owned subsidiaries. The Logistics segment is a non-asset based, full-service provider of cargo transportation logistics management services, including freight forwarding via air, ocean and land-based carriers; customs brokerage services; warehousing and distr...
Janel Corporation, through its subsidiaries, provides logistics services worldwide.
Segments
The company operates through three segments: Logistics, Life Sciences and Manufacturing.
Logistics
Logistics segment consists of several wholly owned subsidiaries. The Logistics segment is a non-asset based, full-service provider of cargo transportation logistics management services, including freight forwarding via air, ocean and land-based carriers; customs brokerage services; warehousing and distribution services; trucking and other value-added logistics services. In addition to these revenue streams, the company earns accessorial revenues in connection with its core services. Accessorial revenues include, but are not limited to, fuel service charges, wait time fees, hazardous cargo fees, labor charges, handling, cartage, bonding and additional labor charges.
Life Sciences
Life Sciences segment consists of several wholly owned subsidiaries. The company’s Life Sciences segment manufactures and distributes antibodies, as well as research and diagnostic reagents for, and provides custom services to academic, non-profit and commercial customers.
On February 1, 2024, the company completed a business combination whereby it acquired all the outstanding stock of ViraQuest Inc., which it includes in the company’s Life Sciences segment.
Manufacturing
Manufacturing segment consists of Indco, Inc. (‘Indco’). Indco is a majority-owned subsidiary of the company that manufactures and distributes mixing equipment and apparatuses for specific applications within various industries. Indco’s customer base consists of small- to mid-sized businesses as well as other larger customers for which Indco fulfills repetitive production orders.
Logistics
Logistics segment helps clients move and manage freight efficiently to reduce inventories and to increase supply chain speed and reliability. Key services include customs entry filing; arrangement of freight forwarding by air, ocean and ground; warehousing; cargo insurance procurement; logistics planning; product repackaging; online shipment tracking and hazardous material warehousing and distribution.
The company’s Logistics segment earns flat fees for certain services, such as customs entry filing. For brokered services, Logistics earns the difference between the rate charged by a service provider and the rate Logistics charges the customer for the provider’s service. Its freight consolidation activities, in addition to on-going volume-based relationships with providers, allow Logistics to command preferred service rates that can be passed on profitably to the customer.
As a non-asset-based logistics provider, the company owns only a minimal amount of equipment. The company generally expects to neither own nor operate any material transportation assets and, consequently, arrange for transportation of its customers’ shipments via trucking companies, commercial airlines, air cargo carriers, railroads, ocean carriers and other non-asset based third-party providers. By not owning the transportation equipment used to transport the freight, which results in relatively minimal fixed operating costs, the company is able to leverage its network of locations to offer competitive pricing and flexible solutions to its customers. Moreover, the company’s balanced product offering provides it with revenue streams from multiple sources and enables the company to retain customers even as they shift across various modes of transportation.
The company’s strategy includes servicing existing customers well and acquiring more of their business, hiring new people who can grow its company and adding new companies or services through acquisitions.
The company’s Logistics segment competes against providers ranging in size from ‘mom-and-pop’ businesses to multi-national firms with hundreds of offices worldwide. Many of the company’s Logistics customers utilize more than one logistics provider.
Government Regulation
The company also operates as a Transportation Security Administration (‘TSA’) certified Indirect Air Carrier (‘IAC’), providing air freight services, subject to commercial standards set forth by the International Air Transport Association (‘IATA’) and federal regulations issued by the Transportation Security Administration.
Life Sciences
The company’s Life Sciences segment manufactures and distributes antibodies, as well as research and diagnostic reagents for, and provides custom services to academic, non-profit and commercial customers.
The company’s Life Sciences segment also produces products for life science companies on an original equipment manufacturer (OEM) basis. Through a combined portfolio of nearly 3,000 products and a range of custom services, the Life Sciences segment provides the scientific community with high-quality tools to support critical research efforts.
The company’s Life Sciences segment is based in Davis, California on an owned 40-acre facility and three other leased locations in the U.S. The company’s growth strategy is to place high-quality products in the hands of more researchers to accelerate scientific discovery.
The company’s strategies include develop new products to enhance the range of tools, to grow by acquiring new businesses with high-quality reputations, and supply protein-related research and diagnostic reagents.
The company’s Life Sciences segment is subject to regulation. One of the company’s subsidiaries, Antibodies, Inc., maintains International Organization of Standardization certification for medical devices to support its manufacturing operation. The company also complies with regulations related to the United States Department of Agriculture, National Institutes of Health, Office of Laboratory Animal Welfare and the United States Food and Drug Administration. Many of the company’s customers are regulated and must verify its compliance with their standards throughout the supply chain, which requires the company to maintain careful records.
History
The company was founded in 1974. It was incorporated in the state of Nevada in 2000. The company was formerly known as Janel World Trade Ltd. and changed its name to Janel Corporation in 2015.
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