Japanese shipping and logistics group NYK has announced it will consolidate its two Japan logistics subsidiaries, JIT Corporation and NYK Logistics Japan Co. Ltd., under the sole name of NYK Logistics Japan Co. Ltd., which will remain headquartered in Tokyo.

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Houston-based supply chain management company EGL Inc (Eagle Global Logistics) has signed a definitive merger agreement under which James R. Crane, EGL’s largest shareholder, Chief Executive Officer and Chairman of the Board, together with investment funds affiliated with Centerbridge Partners, L.P. and The Woodbridge Company Limited (”Investor Group”) will acquire the Company in a transaction valued at approximately $1.7 billion.

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Further news on the progress of the integration of Schenker and Bax Global has been released. The two logistics and forwarding operations are subsidiaries of German-based DB Logistics which in turn is part of the German state owned national rail operator. Following the acquisition of Bax Global by Deutsche Bahn in 2005, there have been moves to bring the two companies together under the Schenker brand.

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TNT N.V. has completed the sale of its freight management business unit to French logistics service provider GEODIS SA. The now completed sale to GEODIS was announced on 16 November 2006. The total transaction value is € 460 million on a cash and debt free basis. Read the rest of this eLog »

Samskip Limited has acquired Glasgow-based Saltire Integrated Shipping Limited. Sandy Valentine and Peter Work. the two shareholders of Saltire, a freight forwarding and NVOCC operator formed in 2004, have sold their business to Samskip Limited for an undisclosed amount.

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The international investment bank Dresdner Kleinwort upgraded the Maersk share and thus sent the investors a clear message to keep their Maersk shares instead of selling them, which was earlier the bank’s recommendation. On the other hand, speculations of a possible take-over of Hapag Lloyd are increasing.

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Once again rumours are emerging that container shipping giant AP Moller-Maersk is set to buy diversified German transport and tourism operator TUI. This speculation has been doing the rounds for at least six months, but it has had sufficient momentum to push TUI’s share price over 5% higher over the past week.

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The Board of Directors of CEVA Logistics (formerly TNT Logistics) is pleased to announce the appointment of John Pattullo as Chief Executive Officer of the Company effective once his transition from DHL Exel has been completed, which we expect to be in the second half of 2007.

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More rumours have emerged over Deutsche Bahn/Schenker’s plans for expansion by acquisition. Reports in the FT Deutschland, quoting amongst others Hans-Joerg Hager, Managing Director of Schenker AG, claim that Schenker is planning acquisitions in Spain or Portugal, Britain and Italy. These sources state that Deutsche Bahn/Schenker will spend around ?1 billion on these acquisitions.

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FedEx bought ANC Holdings Ltd for $237 million. ANC offers a range of distribution and logistics services within its U.K. pickup and delivery network. It has 4,500 employees, a fleet of 2,200 vehicles and serves the country from 80 locations. Move is seen as a strategic step by the package delivery company to reenter the domestic European express market.

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