Press release
Analytiqa: Logistics Bulletin: Friday 05th January
This week's Logistics Bulletin reports on M&A activity, contract wins, DC developments and legislative issues from around the globe. The year has started with a number of M&A, joint venture and even insolvency developments. US-based freight forwarder EGL has received a buy-out offer from their founder, valuing the Company at around US$1.46 billion. Also in the US, Wilson Logistics has purchased Value Added Resources, BNSF Logistics has acquired a 3PL, whilst Lynden International and Kerry Logistics have established a joint-venture. In Europe, Deutsche Post has announced the sale of Vfw AG to Monitor Clipper Partners, GreenCarrier has joined forces in a venture with TIBA Internacional and a Thiel Logistik subsidiary files for insolvency.In the Middle East, DHL Exel Supply Chain has won a 10-year multi-million-dollar contract with the world's number one crude oil producer, Saudi Aramco. In other developments, expansion appears to be the order of the day, with Schenker building a new DC in Bulgaria, ProLogis developing a facility for Michelin in south-western France.
2007 is set to be a key year for supply chain environmental issues and 'green logistics' makes it mark immediately with the WEEE Directive finally launching in the UK and with Wal-Mart successfully trialling Hydrogen fuel cell-powered pallet trucks in the US.
Mid-Tier 3PLs struggle to maintain margins
Winners and Losers amongst European 3PLs...
Click www.analytiqa.com/pdf/free/WhosWhoinEuropeanLogistics2006.pdf for more details.
Which companies are growing revenues faster than their competitors? But how are their margins changing?
Who's Who in European Logistics 2006 is a statistical analysis, based on unique primary research exclusive to Analytiqa, of the leading logistics service providers in Europe.
Who is striving, thriving or simply just surviving? To see the content available in this report, click
www.analytiqa.com/pdf/free/WhosWhoinEuropeanLogistics2006TOC.pdf
EGL receive buy-out offer
02 January 2007 - EGL has announced that its board of directors has received a letter from James R. Crane, the Company's largest shareholder (and founder of the Company in 1984), Chief Executive Officer and Chairman of the Board and General Atlantic LLC, that he and General Atlantic LLC propose to acquire all of the outstanding equity interests of the Company for US$36.00 per share (around or about US$1.46 billion). Mr. Crane presently beneficially owns approximately 18.0% of the Company's outstanding common stock.
The Company's Board of Directors has formed a Special Committee of independent directors to review and evaluate the proposal. The committee has engaged independent legal counsel and will engage independent financial advisors to assist it with its work.
The Board of Directors cautions the Company's stockholders and others considering trading in its securities that it has only received the proposal and that no decisions have been made by the Board of Directors with respect to the Company's response to the proposal.
Elsewhere this week:
Thiel Logistik subsidiary files for insolvency
http://www.analytiqa.com/newsitem.aspx?articleid=2120
Wilson Logistics Acquires Value Added Resources
http://www.analytiqa.com/newsitem.aspx?articleid=2121
Deutsche Post sells Vfw AG to Monitor Clipper Partners
http://www.analytiqa.com/newsitem.aspx?articleid=2122
BNSF Logistics buys US 3PL
http://www.analytiqa.com/newsitem.aspx?articleid=2123
GreenCarrier joins forces with TIBA Internacional
http://www.analytiqa.com/newsitem.aspx?articleid=2124
Lynden International and Kerry Logistics establish joint-venture
http://www.analytiqa.com/newsitem.aspx?articleid=2125
Con-Way Inc. Revises Earnings Guidance for Fourth-Quarter 2006
http://www.analytiqa.com/newsitem.aspx?articleid=2126
DHL wins multi-million-dollar contract with oil giant Saudi Aramco
http://www.analytiqa.com/newsitem.aspx?articleid=2127
ProLogis to develop facility for Michelin in south-western France
http://www.analytiqa.com/newsitem.aspx?articleid=2128
Evergreen Establishes Its Own Agency In Spain
http://www.analytiqa.com/newsitem.aspx?articleid=2129
Schenker expands operations in Bulgaria
http://www.analytiqa.com/newsitem.aspx?articleid=2117
OOCL Announces New Office in Sri Lanka
http://www.analytiqa.com/newsitem.aspx?articleid=2130
NOL to establish wholly-owned operations In Vietnam
http://www.analytiqa.com/newsitem.aspx?articleid=2131
Port of Rotterdam operating at full capacity
http://www.analytiqa.com/newsitem.aspx?articleid=2132
WEEE Directive now in force in the UK
http://www.analytiqa.com/newsitem.aspx?articleid=2133
Hydrogen-powered electric lift trials completed at Wal-Mart
http://www.analytiqa.com/newsitem.aspx?articleid=2134
DSC Logistics appoints Senior Vice President, Operations
http://www.analytiqa.com/newsitem.aspx?articleid=2118
Click www.analytiqa.com/news.aspx for additional developments added daily.
List of Key Industry Participants:
ABX LOGISTICS; BAX Global; CH Robinson; DHL Global Forwarding; EGL; Exel; Expeditors; FedEx; GeoLogistics; Hellmann Worldwide Logistics; Kintetsu World Express; Kuehne & Nagel; Maersk Logistics; Nippon Express; Panalpina; Schenker; SDV; UPS SCS; UTi Worldwide Logistics; Yusen; Wincanton; APL Logistics; TDG; Rhenus Logistics; Penske Logistics; DPWN; DHL; DHL Exel Supply Chain; Federal Express; Schneider Logistics; Schneider National; Schenker Logistics; Stinnes; Gist; Eagle Global Logistics; Menlo Worldwide; Jones Lang LaSalle; ProLogis; DTZ; Gazeley; Groupe Norbert Dentressangle; National Logistics Company; TNT; TNT Logistics; Gefco; Maersk; Geodis; GEFCO; Bibby Distribution; Global Automotive Logistics; Autologic; NYK Logistics; Dachser; DSV; Fiege; Frans Maas; Hellmann Worldwide; MOL; KWE; Kintetsu; Ewals; UPS; Ryder.
Analytiqa
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Welwyn Garden City, UK, AL8 6NS
Tel: +44 (0)1707 37 22 11
Email: info@analytiqa.com
Contact: Editor, Logistics Bulletin
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