Dayton, NJ (August 6, 2021) – WDSrx, a pharmaceutical logistics company based in Boca Raton, Florida was activated today as a Foreign-Trade-Zone warehouse facility at their location in Dayton, New Jersey.
A Foreign-Trade-Zone is a designated site in which foreign and domestic merchandise may be moved into zones for storage, exhibition, assembly, manufacturing, and processing. A Foreign-Trade-Zone is within United States Customs territory. U.S. Customs and Border Protection administer incoming and outgoing goods within the zone.
WDSrx specifically operates within Trade Zone 49, Subzone V, site 34 within jurisdiction of the Port Authority of New York and New Jersey. Zone 49 is located near the Port Newark/Elizabeth Marine Terminal, one of the largest ports in the United States.
The benefits of a Foreign-Trade-Zone include reduction or elimination of certain duties, relief from tariffs, improved Customs and Border Protection compliance, and indefinite storage. While in the zone, merchandise is not subject to U.S. duty or excise tax. Goods may also be exported from the zone free of duty and excise tax. Merchandise may remain in a zone indefinitely, whether or not subject to duty. There is also an added layer of theft protection provided by CBP security.
For example, merchandise arriving from outside the United States can be entered into the zone through a streamlined process that cuts through the tedious paperwork required to import international goods. Pharmaceutical manufacturers import product into the WDSrx FTZ awaiting FDA approval of PLAIR requests. WDSrx logistics distributes approved medications immediately upon FDA approval to save time and reduce costs for clients. “The new FTZ at our Dayton, New Jersey warehouse responds to requests from our global pharmaceutical clients to reduce costs and increase efficiency,” states WDSrx President Adam Runsdorf.
Established in 2010, WDSrx operates nine GMP warehouse facility locations in Florida, New Jersey, Texas, Ohio and Nevada, with 650,000 square feet of capacity for prescription and over-the-counter medications, medical devices, supplements and raw materials. WDSrx was recently certified by Customs as a Class 2 Bonded Warehouse at our Sugar Land, Texas facility.