The relentless, aggressive growth and expansion of the global third-party logistics (3PL) industry, now estimated at $390 billion, continues to make the running of the bulls in Pamplona look like a stroll in the park.

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A.P. Moller – Maersk share price rose on the Danish stock exchange last week amid speculation that container freight rates are rising. An analyst’s note from the investment bank Morgan Stanley suggested that prices were hardening by around 2% on an annualised basis.

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Penske Logistics and ABX LOGISTICS announced the formation of a new joint venture in Brazil: ABX-Penske Air & Sea. Penske Logistics and ABX LOGISTICS will each hold a 50 percent stake in the company that locates its headquarters at Penske’s South American headquarters in Barueri, São Paulo.

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The freight forwarding market has been a major beneficiary of an increasingly globalised world economy. The development of extended supply chains, integrating manufacturers, suppliers and retailers on a worldwide basis, has led to significant year-on-year growth in international trade volumes. Freight forwarders revenues - and profits - have surged and this has resulted in structural changes to what for many years was a conservative and stable industry.

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Swiss based Panalpina has become the latest forwarder to announce a strong set of figures for the first quarter of 2007, with profits doubling year-on-year.

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Kuehne + Nagel last week outlined its plans to become both a force in contract logistics and freight forwarding in Asia. This will largely focus on what it perceives as the two largest potential markets – China and India.

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The Hamburg Süd Group (including the Brazilian shipping company Alianca) has increased cargo volume on its liner services by around 21 per cent, to 1.84 million TEU (2005: 1.52 million TEU). Alongside organic growth, this rise was aided by the takeover of the cross-trade operations of the Russian shipping company Fesco, which took effect on 30 June 2006.

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Strong international performance and improvements in its supply chain and freight segments helped offset the impact of a slowing U.S. economy for UPS, according to CEO Mike Eskew. Aging aircraft and costs for a voluntary separation program diluted earnings.

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The Port of Rotterdam Authority (PoR) and terminal operator ECT are constructing the new “Delta Barge Feeder Terminal” (DBF) at Maasvlakte. The terminal is specially designed for handling inland vessels and feeder vessels.

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Global logistics provider Kuehne + Nagel has continued to deliver good results. In the first quarter of 2007 turnover increased by 13.5 per cent to CHF 4,869.5 million (€2,967m) and profits (EBITDA) improved by 15.4 per cent to CHF 229.8 million (€140m).

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