Manheim in joint venture with vehicle exporter Akinvest

Manheim in joint venture with vehicle exporter Akinvest

With an increasing number of American and international dealers purchasing
used vehicles in the North American wholesale marketplace and shipping them
overseas, Manheim has enhanced its ability to provide export services
through a joint venture with Akinvest, Manheim Senior Vice President,
International Operations Mike Langhorne announced today. Akinvest is the
parent company of Freightmar International and

Freightmar, a registered Non-Vessel Operating Common Carrier (NVOCC),
specializes in the overseas shipment of U.S. vehicles with service to more
than 150 countries., a Web portal used by more than 7,000
international dealers, has consistently ranked as the top automotive Web
site in its category, according to independent Web tracking services.

Langhorne said the partnership will allow Manheim to better assist its
customers at every stage of the export process. Millions of used vehicles
leave U.S. ports bound for overseas destinations each year.

"The joint venture offers our international customers access to the widest
selection of used vehicles anywhere and expands the buying base for our
sellers," said Langhorne. "For more than a half-century, our customers have
trusted and relied on Manheim. By partnering with and
Freightmar, we're creating the most dependable end-to-end solution for
shipping vehicles outside the U.S. and Canada."

Manheim has been conducting business outside the U.S. for more than a
decade. The joint venture will offer a one-stop-shop set of export services
to make the process as easy as possible for customers, including:

 guaranteed payment from non-U.S. buyers.
 customs clearance.
 document handling.
 end-to-end transportation to final destination.
 security of vehicle while in transport. 

Akinvest has offices in Canada, Russia, Finland and the United Arab
Emirates. The current management will continue to oversee day-to-day
operations and will work closely with Scott Stephens, general manager of
international trade for Manheim. 




Max Tsvetkov

Freightmar / ExportTrader

Logistics Coordinator



Tel:        905.678.0500  ext.802

Fax:       905.678.6196



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