Independent global freight management and logistics network The WACO System has elected a new executive board at its annual general meeting (AGM) in Sorrento, Italy, where it also celebrated 50 years of operations.

The 50-year milestone was formally toasted at a gala dinner attended by 150 WACO delegates, making it the best attended event in the network’s history.

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“Fifty years is a significant achievement for the network with many of our members having been with us for the majority of the journey,” Richard Charles, Chief Executive Officer (CEO), The WACO System, SAID.

“In 1973 WACO started with just seven members and has since grown to 124 members in 118 countries, which gives it the ability to offer shippers a superb, robust, and comprehensive forwarding solution.”

The newly elected executive board will serve a three-year term and includes: Reena Kapoor of ITN Logistics Group, member for Canada; Sean Bradley of dnata logistics, member for UAE; Vincent Touya of Dachser SE, member for Germany; Kristjan Palsson of Jonar Transport hf, member for Iceland; Stephen Knight of TransGlobal Freight Management Ltd, member for the United Kingdom (WACO Chairman); Arthur A. da Silva of Jet-Speed Air Cargo Forwarders (HK) Ltd, member for Hong Kong and China (WACO Vice Chairman).

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Delegates at the AGM also heard presentations from keynote speakers Brandon Fried, Executive Director, Airforwarders Association, and Hind Chitty, Principal Consultant at Drewry Supply Chains Advisory Practice, analysing the air cargo and container shipping markets, respectively.

WACO’s general meetings provide networking opportunities for members who can furthermore take part in bilateral meetings in order to grow business.