News Release

Tuesday, 02 August 2016

Target Names MOL (America) Inc. International Logistics “Provider of the Year”


August 2, 2016 – Lombard, IL – Target Corporation (NYSE:TGT) has named MOL (America) Inc. as its International Logistics Provider of the Year for 2015.

 

Target serves guests at 1,792 stores and at Target.com. MOL transports merchandise for Target to ports worldwide and manages the intermodal transport to inland bound points. The Provider of the Year is recognized by Target for having demonstrated their commitment to supporting Target’s core values and driving efficiencies throughout Target’s supply chain.

 

“Throughout the past year, MOL has maintained excellent operational performance. Their on time performance for 2015 was consistently above the goal and averaged 95% for the year. They provided accurate transit times and maintained high EDI performance throughout,” said Joshua J. Dolan, vice president of international logistics, Target Corporation. “MOL has been flexible when confronted with changes in metrics and process, and has adapted while continuing to excel in their performance. They have also provided additional capacity when needed, specifically managing major shifts in freight from Jakarta to the East Coast. They have been a great partner. We thank MOL for their efforts in 2015 and congratulate them on this much deserved award!”

 

“We’re tremendously honored to have been named as Provider of the Year,” said MOL (America) Inc. President and Chief Executive Officer Richard Craig. “We’re proud that we were able to meet Target’s high standards necessary to achieve this recognition. MOL has a close partnership with Target and we’re focused on providing our best possible performance to meet their requirements.”

 

About MOL

Mitsui O.S.K. Lines, Ltd. (MOL) has one of the world’s largest ocean shipping fleets. Backed by experience and technologies developed over 132 years, MOL moves today’s global economy. MOL operates specialized bulk carriers for iron ore, coal, and woodchips; tankers that transport crude oil and LNG; car carriers; cruise ships; ferries and coastal liners; and containerships that deliver a variety of finished products as part of the largest and most diverse global network of liner and logistics services. MOL (America) Inc. is a wholly-owned subsidiary of MOL. The company’s website is www.MOLpower.com. To view MOL’s key performance indicators, visit www.CountOnMOL.com.

 

ABOUT TARGET

Minneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,792 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals more than $4 million a week. For more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

 

For more information, please contact:

Timothy Pajak

Manager, Corporate Communications

MOL (America) Inc.
Tel: 1-630-812-3844
Email:
timothy.pajak@mol-liner.com