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Analytiqa: Logistics Bulletin: Friday 05th January

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Analytiqa: Logistics Bulletin: Friday 05th January

Written by Mark O'Bornick
Monday, 08 January 2007
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. 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. 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 Analytiqa Gate House, Fretherne Road, Welwyn Garden City, UK, AL8 6NS Tel: +44 (0)1707 37 22 11 Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Bookmark with: Delicious Digg reddit Facebook StumbleUpon What are these?

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