Baxter Freight granted AEO status
Nottingham-based logistics firm Baxter Freight has been granted Authorised Economic Operator (AEO) status – the internationally recognised supply chain quality mark.
AEO status means that a company’s customs controls and supply chain security procedures have been judged by HM Revenue & Customs (HMRC) to be highly efficient, compliant and meet UK, EU and international best practice. At present, there are more than 15,000 AEO accredited organisations within the European Union, yet only around 650 are in the UK.
Baxter Freight's Chairman Ian Baxter, said: “Achieving AEO status is a fantastic milestone for the business and one that we’re extremely proud of. After much hard work put in by members of our team, we’ve met strict criteria on security, customs, operational processes, IT, storage, procurement and HR procedures following audits by HMRC.
“AEO impacts all departments and not just those that deal directly with customs and trade. Regardless of Brexit, it ensures the goods we’re shipping for our customers are moved compliantly in a safe and secure environment across international borders.
“Having said that, in the event of a ‘no-deal’ Brexit scenario or from whenever the UK effectively leaves the EU’s Customs Union, AEO will be extremely beneficial as preferential treatment from UK and overseas customs authorities will help to keep cargo moving as smoothly as possible. It will also reduce the need for financial guarantees, reducing our transaction costs. We believe dealing with an AEO accredited logistics provider will become essential for our customer base when the UK leaves the EU.”
Brendan Pickering, International Freight and Customs Manager at Baxter Freight, said: “Gaining AEO is a lengthy and complex process so we are delighted to have achieved this recognition. For our customers, it distinguishes us as a reliable, trusted trading partner and means that their consignments will be safer, secure and less likely to face delays.
“As a multimodal logistics firm that works with a network of long-term partners, preferred suppliers and the wider freight market to ensure we select the most suitable products at a competitive price, this is also a message to other AEO accredited firms that we’re ready to do business with them."
He added: "Baxter Freight is a fast growing, ambitious company with big plans for the future and this investment is just one of several that we’ve identified in helping us to achieve our ambition of being widely recognised as the best provider of customer service in the UK freight market.”
Posted on: February 18th 2019