After a day of speculation in the European press, it appears to be true that DPWN/DHL and Lufthansa are engaged in advanced talks about forming a joint venture cargo airline. The reports state that the joint venture, which is provisionally called ‘NewCo’, will be a 50/50 split, offering both express parcel capability as well as conventional air freight capacity worldwide. Reports appear to agree that the joint venture will commence in 2009.

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The responsibilities within the Board of Directors of A.P Moller Maersk will changes dramaticly. Three “old boys” CEO’s Jess Søderberg and Knud E. Stubkjær as well as Maerk Line’s Tommy Thomsen will step down and leave the company. The continuing CEO will be Eivind Kolding. It seems that the changes are the result of the bad finanacial performance of Mearsk Line after the P&O Nedlloyd integration.

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A study by Boston Consulting Group confirms the necessity of the scope of the reorganization plans recently announced by TNT Post. The study was executed at the request of the trade unions and Operations Works Council at TNT Post.

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EGL and CEVA Group, a UK public limited company owned by affiliates of Apollo Management VI, L.P., announced that they have signed a definitive merger agreement pursuant to which CEVA will acquire EGL for total transaction consideration of approximately $2 billion. The deal will make CEVA the fifth-largest global 3PL

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The Special Committee of EGL’s Board of Directors has received a revised definitive proposal from CEVA Group Plc, a UK public company that is owned by affiliates of Apollo Management, L.P. (the “CEVA group”), increasing the consideration to holders of EGL common stock to $47.50 per share in cash. The definitive proposal includes financing commitments.

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CEVA Logistics, an Apollo Management VI, L.P. portfolio company, today announced that it has submitted an increased proposal to the Special Committee of the Board of Directors of EGL, Inc. (NASDAQ: EAGL) to acquire EGL for approximately $2 billion, or $47.50 per share, in cash.

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TDG, the UK based logistics provider, has announced changes in its senior management that appear to indicate issues with its strategy.

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The battle to buy US freight forwarder EGL has taken a new twist. Private equity company Apollo, which made a counter offer to the consortium led by CEO James Crane, has issued a writ against EGL, claiming that it has not been given adequate access to its books or senior management. At the same time, Apollo increased its offer to $41 a share from $40. This compares with Crane’s offer of $38.

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DSV, the Danish logistics company formerly known as DFDS, has announced annual pre-tax profit figures just 3% above last years at DKK1.01bn (€13.7m). EBIT was up 15% to DKK1.22bn on an increase in sales of 39% to DKK 32bn.

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EGL announced that the Special Committee of its Board of Directors has received a written proposal, dated March 19, 2007 from Apollo Management L.P. expressing its interest in the acquisition of EGL, Inc. for $40.00 per share, subject to certain conditions, including expedited confirmatory due diligence. The Special Committee determined that, under EGL’s Merger Agreement with an affiliate of James R. Crane, Apollo’s proposal is an alternative proposal. Accordingly, the Special Committee has also informed the Crane Affiliate of the existence of the proposal, and has made arrangements so that Apollo may conduct its due diligence investigation with respect to its proposal. The Special Committee cautions that there can be no assurance that Apollo or another third party will make a firm offer, or that the terms of any such offer received will be a superior proposal or will be consummated.

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