Analytiqa: Logistics Bulletin: Friday 01st June

This week’s Logistics Bulletin reports on the launch of Geodis Wilson, the re-branded activities of the former TNT Freight Management; the acquisition of refrigerated warehousing operations by Eimskip and approaches by Deutsche Bahn to possible partners in both the UK and Spain. In financial news CEVA Logistics has announced their full year 2006 and Q1 2007 results, whilst also reporting a contract renewal with Volkswagen. Among other contract announcements this week were wins for Kuehne + Nagel with British Airways and NYK Logistics, with a £6 million Astrazeneca deal.

Ports are hitting the headlines this week with news that Grindrod has acquired terminal operations in South Africa, whilst in the UK the Government has granted approval for the DP World’s London Gateway development. The initiative will see the regeneration of the 1,500 acre former oil refinery site at Shell Haven to include a 2,300 metre long container quay with a fully-developed capacity of 3.5 million TEU a year.

Primary research with UK retailers by Analytiqa, released as a complimentary White Paper, identifies the environmental benefits and cost savings of a Port-based supply chain strategy and how this is already being adopted across the UK. Analytiqa's White Paper includes case studies of three organisations who have already implemented such a strategy - ASDA, BMB Group, Stiller Group.

To request your complimentary copy of the White Paper, please send an email to enquiries@analytiqa.com with your request.

Market shares in European Logistics

Analytiqa’s Western European Logistics research provides an analysis of past market performance along with forecast growth trends across seven major countries, in five key sectors.

Use this extensive data and analysis to understand the factors that drive manufacturers and retailers to outsource supply chain activity to specialist logistics service providers. As a supplier or 3PL, this research will enable the identification and targeting of future, potentially high yielding, growth markets and opportunities.

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Market size, market segmentation, market shares and outsourcing rates: 2000 - 2011
http://www.analytiqa.com/pdf/free/AnalytiqaWesternEuropeanLogistics.pdf

CEVA releases FY 2006 and Q1 2007 results

31 May - CEVA Group Plc has reported stable revenue performance between Q1 2007 and Q1 2006, as operating income grew to €15.5 million, from €15.0 million Q1, 2006. EBITDA increased to €45.2 million, from €35.0 million in Q1 2006. The Company reported a net loss of €14.9 million driven by higher interest costs owing to the Company's new capital structure.

In the first quarter major new contracts were signed with, amongst others, General Motors Thailand Limited, Rolls Royce Marine AS and John West Foods Ltd. The Company has begun implementing a new global operating strategy, a roadmap for optimising, enhancing and transforming CEVA's business. The first priority is growing the Company’s customer base and increasing market share.

Net sales remained stable between Q1 2006 and Q1 2007 with reported revenues of €867.2 million and €861.6 million for the respective periods. This is the result of a decrease in North America which was offset by strong growth in all other regions. Despite neutral revenue development, EBITDA increased by 29.0% to €45.2 million for the quarter, up from €35.0 million in Q1 2006. This is the result of a combination of improved operational performance, lower head office costs and the absence of licence fee costs in 2007. Net financial expense rose in Q1 2007 which increased the loss for the quarter to €14.9 million from €7.7 million in Q1 2006.

In the first quarter of 2007 CEVA announced that John Pattullo will take up the position of Chief Executive Officer in the August 2007. Dave Kulik will then become Vice Chairman of the CEVA Group.

In May 2007 CEVA announced that it will acquire freight forwarding company EGL, Inc. for approximately US$2.0 billion. CEVA currently intends to finance the acquisition with a combination of debt, with up to approximately US$200.0 million of cash equity from CEVA's balance sheet and up to approximately US$100.0 million new cash equity from Apollo (US$65.0 million minimum commitment).

For 2006, the Company reported aggregate revenue of €3,497.0 million, up from €3,354.0 million in 2005. Pro forma adjusted EBITDA increased to €237.0 million, from €228.0 million in 2005 as operating income decreased to (€11.0) million from €97.0 million in 2005. EBITDA decreased to €78.0 million from €181.0 million in 2005. Operating income and EBITDA in 2006 were materially impacted by significant non-recurring acquisition and restructuring costs, as the net loss reached €106.0 million compared to a net loss of €227.0 million in 2005.

The revenue progression in 2006 was the result of growth in the Italy, Rest of World, and Rest of Europe regions. This was partially offset by a decline in North America. In 2006, certain non-recurring charges relating to the termination and restructuring of contracts incurred in advance of the acquisition by Apollo Management L.P. significantly impacted operating expenses and the resulting EBITDA.

Elsewhere this week:

Geodis Wilson brand launch
http://www.analytiqa.com/newsitem.aspx?articleid=2577

Eimskip to acquire Versacold
http://www.analytiqa.com/newsitem.aspx?articleid=2580

Deutsche Bahn and EWS in talks for closer co-operation
http://www.analytiqa.com/newsitem.aspx?articleid=2581

DB and Transfesa (Spain) seek close cooperation
http://www.analytiqa.com/newsitem.aspx?articleid=2582

Grindrod buys terminal in South Africa
http://www.analytiqa.com/newsitem.aspx?articleid=2586

DSV sets up business in Dubai, United Arab Emirates
http://www.analytiqa.com/newsitem.aspx?articleid=2588

CEVA Logistics renews Volkswagen Group UK contract
http://www.analytiqa.com/newsitem.aspx?articleid=2578

Kuehne + Nagel continue wine logistics for British Airways
http://www.analytiqa.com/newsitem.aspx?articleid=2574

NYK Logistics lands £6 million Astrazeneca deal
http://www.analytiqa.com/newsitem.aspx?articleid=2571

London Gateway secures Government approval
http://www.analytiqa.com/newsitem.aspx?articleid=2576

DSGi opens UK's largest digital warehouse
http://www.analytiqa.com/newsitem.aspx?articleid=2587

Fiege Invests €350 million in new logistics centres
http://www.analytiqa.com/newsitem.aspx?articleid=2589

Dachser invests €30 million in Hof region
http://www.analytiqa.com/newsitem.aspx?articleid=2590

JoJo Maman Bébé goes global
http://www.analytiqa.com/newsitem.aspx?articleid=2584

Wells and Young's open eco-friendly centre
http://www.analytiqa.com/newsitem.aspx?articleid=2583

Swift Expands in Dubai's JAFZA and Dubai Logistics City
http://www.analytiqa.com/newsitem.aspx?articleid=2579

AMB Property enters Tijuana with acquisition
http://www.analytiqa.com/newsitem.aspx?articleid=2572

ProLogis Leases to FM Logistic in Southern France
http://www.analytiqa.com/newsitem.aspx?articleid=2573

Envirotainer grows temperature-controlled container fleet
http://www.analytiqa.com/newsitem.aspx?articleid=2585

Panalpina appoints Regional CEO for the AMEC Region
http://www.analytiqa.com/newsitem.aspx?articleid=2591

Jeffrey Brashares named COO for logistics at Pacer International
http://www.analytiqa.com/newsitem.aspx?articleid=2575

Urban Transport Policy in Europe: Meeting City Demands for Green Logistics

New Research from Analytiqa
Urban Transport Policy in Europe: Meeting City Demands for Green Logistics takes an in-depth look at the current initiatives and legislation currently being planned and implemented across twenty cities in twelve European countries across both West and Eastern Europe.

The issues addressed are those that will have the greatest impact on providers working within the express, logistics or supply chain arena. It is critical that hauliers, courier and express, logistics and distribution companies across all sectors understand and account for changes in their operational environment.

This report will assist decision makers within these organisations to ensure correct future investment into vehicles, resources, strategies and services that are not only compliant with future environmental legislation (Euro 4, Euro IV, Euro 5, Euro V, etc) and developments, but more importantly, are considered and hence able to take full advantage of some of the opportunities the future, 'greener', market will provide.

Click http://www.analytiqa.com/reports.aspx?ReportId=252 for more information.

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Logistics and Supply Chain Research:

Who’s Who in Global Logistics and Freight Forwarding 2006

Since this report was last published, the Global Logistics and Freight Forwarding market has undergone significant change and widespread consolidation. This has dramatically impacted on the dynamics of the market as well as the competitive capabilities of many players.

This report provides you the insight into the market that you need in order to evaluate either your service providers or your competitors.

For more information, click: http://www.analytiqa.com/reports.aspx?ReportId=237

For more information about Analytiqa’s products please click:
http://www.analytiqa.com/Research.aspx

Analytiqa is a market analysis and business intelligence company providing published reports, custom research and consulting for multi-national clients across a number of industry sectors from Logistics and Distribution through to FMCG and Professional Services.

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.

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Contact: Editor, Logistics Bulletin

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