Tuesday, April 28, 2015

Kenco Partners with University of Tennessee on Warehouse Best Practices Study

CHATTANOOGA, Tenn.—April 28, 2015 —Kenco—a leading provider of integrated logistics solutions, real estate services, and material handling equipment—partnered with the University of Tennessee (UT) to publish a report focused on warehouse best practices. The report entitled “The ABCs of DCs” is the fifth in UT’s Game Changing Trends in Supply Chain series.

The supply chain management faculty at UT Knoxville’s Haslam College of Business surveyed more than 200 companies, and gathered input from Kenco’s many industry experts. The research collected in “The ABCs of DCs” identifies best practices for modern distribution centers across 11 key functions.

"This study outlines the most significant challenges we’ve seen our clients facing over the past few years, and it conveys creative solutions to meet the growing demand on warehousing providers for information technology and value-added services,” said David Caines, chief operating officer at Kenco. “It’s worth noting that the trends identified in the study cut across virtually every warehouse business model.”

The research concludes that distribution centers must be dynamic to meet customer expectations as Internet orders increase. Cost can no longer be the sole motivator for warehouse management. Distribution centers must adopt modern tools like advanced-shipping notices and warehouse information systems to maximize accuracy and efficiency; and should routinely seek to optimize their networks.

 “Logistics professionals who operate distribution centers are expected to improve customer responsiveness, decrease cost, and manage higher volumes every year,” says Paul Dittmann, executive director of UT’s Global Supply Chain Institute. “We found that the most efficient DCs found innovative ways to meet all three of these demands rather than suboptimizing one of the three.”

To read the full report, visit the Kenco website.

About Kenco
Kenco provides integrated logistics solutions that include distribution and fulfillment, comprehensive transportation management, material handling services, real estate management, and information technology—all engineered for Operational Excellence. Woman-owned and financially strong, Kenco has built lasting customer relationships for more than 60 years. Kenco’s focus is on common sense solutions that drive uncommon value. Learn more at www.kencogroup.com. Also, connect with Kenco on Twitter, Facebook, LinkedIn, and the Kenco Blog.

CSA Group Opens New Transportation Fuels Laboratory in BC

CSA Group Opens New Transportation Fuels Laboratory in Langley, British Columbia
Lab specializes in the testing and certification of high pressure fuel storage systems and fueling station components for low and zero emission vehicles

Langley, British Columbia, April 28, 2015: CSA Group, a global provider of testing and certification services and leading standards development organization, opened a new laboratory for the testing and certification of high pressure fuel systems and related components used on-board low and zero emission vehicles.  The new lab addresses a growing market for environmentally friendly vehicles and the resulting infrastructure that will accompany the shift to alternative fuel sources such as hydrogen and compressed natural gas.

Alternative fuel vehicles usually refer to vehicles that do not use traditional petroleum based products such as gasoline and diesel. The Canadian government has committed to bringing emission standards in line with the standards in the United States. In order to meet this goal, the government is evaluating a number of alternative fuel source vehicles and will be introducing increasing stringent greenhouse gas emission standards.

"CSA Group is proud to encourage the adoption of new technologies that promote sustainable living, and our new laboratory in Langley will help introduce new infrastructure and sustainable products to people across North America and globally,” said Magali Depras, Chief Operating Officer, CSA Group. “CSA Group has a long history in the transportation industry developing world class standards and providing superior testing and certification services. We are adding new labs and increasing our service offerings to meet the growing and changing needs of our clients and end-users worldwide.”

The new laboratory and office is 1,800 square meters and provides contract testing services to all national and international standards and regulations worldwide related to high pressure fuel and fueling systems, allowing for  access to North American, and global markets. It specializes in the testing and certification of fuel storage systems and fueling station components for vehicles powered by alternative fuels.  These fuel systems include compressed hydrogen for fuel cell electric vehicles, as well as compressed natural gas (CNG), liquefied natural gas (LNG), and liquefied petroleum gas.

The test facility is also equipped to perform customized tests to validate the safety and lifetime endurance of low emission and zero emission alternative fuel vehicles including crush, penetration, fire and fuel ignition testing. The laboratory also provides technical information services advising on alternative vehicle safety codes, standards and regulatory compliance and offers failure investigation services related to safety incidents.

CSA Group provides testing and certification services and standards development for the transportation industry including automotive, rail, marine and aerospace. CSA Group has almost 100 years of experience in standards development for transportation beginning with its first standard in rail safety published in 1919. CSA Group also provides testing and certification services for global market access with laboratories in the UK, Germany, United States and Canada.

About CSA Group
CSA Group is an independent, not-for-profit membership association dedicated to safety, social good and sustainability. Its knowledge and expertise encompass standards development; training and advisory solutions; global testing and certification services across key business areas including hazardous location and industrial, plumbing and construction, medical, safety and technology, appliances and gas, alternative energy, lighting and sustainability; as well as consumer product evaluation services. The CSA certification mark appears on billions of products worldwide. For more information about CSA Group visit www.csagroup.org

Wind Logistics Assets Acquired by BNSF Logistics

April 28, 2015, Flower Mound, TX - BNSF Logistics, LLC, a global multi-modal transportation and logistics service provider, today announced the acquisition of the wind energy related assets and contracts of Vectora Transportation, a Chicago based third-party logistics provider specializing in bulk commodities and dimensional cargo transport solutions.

“Vectora’s tower fixture technology and market position in the wind energy arena are the perfect complement to BNSF Logistics’ existing service portfolio supporting wind energy logistics activity,” said Ray Greer, BNSFL’s President.  “Combining these capabilities with our new Blade Runner ocean & rail transport solutions will enable BNSF Logistics to provide turnkey solutions virtually anywhere in the world, with the goal of driving down the onerous logistics expenses that challenge the wind energy industry.”

Vectora Transportation has been performing ground breaking work in the wind logistics industry with their exclusive adjustable saddles that accommodate multiple tower sizes. As blade lengths and tower sizes continue to grow, Vectora’s innovative solutions for tower movement coupled with BNSF Logistics’ new Blade Runner service offering, showcasing fixtureless blade transportation, will offer a comprehensive logistics solution to accommodate larger components for the Wind Energy sector.

Blade Runner, which will have a formal launch in May at the 2015 AWEA WindPower show, is a new technology and service offering from BNSF Logistics. Blade Runner offers fixtureless blade transportation via rail and ocean thus reducing wind logistics costs, accommodating the new generation of longer blades via cost effective rail & ocean transport and making the moves easier to manage.

About BNSF Logistics, LLC
BNSF Logistics, LLC is an indirect, wholly owned subsidiary of Burlington Northern Santa Fe, LLC, a Berkshire Hathaway company.  A 3rd party logistics services provider specializing in movement of freight around the globe, featuring uncommon service scope, resources and financial depth.  The company operates over 40 offices throughout North America, as well as over 100 FCPA certified Global Service Providers for air freight and general cargoes throughout the world.

Monday, April 27, 2015

LQ Advisory Board Announcement - Michel Khennafi Joins LQ's Board

LQ is pleased to announce that Michel Khennafi has accepted LQ’s invitation to join its Advisory Board

April 27, 2015, Toronto - Michel Khennafi, is the Senior Supply Chain Manager, Johnson Controls, Inc., Building Efficiency Division in Milwaukee, Wi.

Michel is an accomplished and recognized Supply Chain and Logistics professional who has 15+ years of business successes on both domestic and international levels. Prior to his position at Johnson Controls, Inc., he was the Manager, Logistics North America Parts & Service Organization at Case New Holland (CNH).

His areas of expertise are the creation, the implementation and the management of very efficient Supply Chain solutions and Distribution Networks. Michel's expertise has been acquired and developed during his professional experience in Europe and in North America with CLE 128 (Supply Chain Execution and Transportation Management Systems), Catalyst International, Inc (Supply Chain Execution), Ryder Systems Integrated (Third Party Logistics.)

Michel has designed and implemented Supply Chain Solutions for companies in the Automotive Industry (Siemens, Renault SA, Volkswagen, GM, Uni-select, Dana), the pharmaceutical industry (Wyeth, Dade Behring, Eli Lilly, Aldrich Chemicals) and successfully managed logistics projects for Sony, Panasonic, Boeing, Castle Metals, Lauzier.

During his tenure at CNH, Michel has assembled a team of experienced and committed Supply Chain and Outbound specialists and significantly transformed the CNH North American Distribution network making it one of the most efficient network in the industry, both in terms of service to the customers (internal and external) and in terms of costs to CNH.

In his current role, Michel manages the Parts Distribution network for Johnson Controls, Inc. Building efficiency. Michel is responsible for the definition, the design, the sourcing and the implementation of the transportation strategies for all modes.

Michel is also passionate about Operations Research (OR) and has designed and implemented many changes to the CNH and Johnson Controls, Inc. distribution models and strategies using OR models and techniques.

About Johnson Controls

Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2014, Corporate Responsibility Magazine recognized Johnson Controls as the #12 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit www.johnsoncontrols.com

Johnson Controls Global Building Efficiency (BE) delivers products, services and solutions that increase energy efficiency and lower operating costs in buildings for more than one million customers. Operating from 500 branch offices in more than 150 countries, Johnson Controls Building Efficiency division is a leading provider of equipment, controls and services for heating, ventilating, air-conditioning, refrigeration and security systems.

LQ's Advisory Board

As a resource for logisticians, academics and executives in other disciplines in the United States and Canada, LQ offers ideas for leadership in logistics, supply chain management and transportation, and provides a unique bridge between business, academia and practitioners. LQ’s Advisory Board and contributors afford authoritative thinking on the complex and fast-changing work of the logistics and supply chain management business - with a unique focus on best practices in the United States and Canada. LQ's Board plays a pivotal role in providing direction for LQ Magazine and LQ’s bi-annual Symposiums.

Wednesday, April 22, 2015

DHL Parcel, Amazon and Audi Launch Pilot Project for Car Drop Delivery

Bonn – April 22, 2015: In May 2015, DHL Parcel, Amazon and Audi will team up to launch a Germany-wide pilot project for a brand new service that will allow car owners to use their cars as mobile delivery addresses for their parcel shipments. The three project partners have developed and tested their unique solution for car trunk delivery the past several months to ensure high security standards for both merchandise and automobiles. For the customer, the service is designed to be simple, transparent and easily manageable at all stages of the process – from order placement on Amazon.de, parcel transport by DHL, to delivery to the trunk of their Audi.

“As an innovation leader in the parcel industry, we continually work with our partners to develop innovative solutions for the ever-growing number of parcel customers, and to set new trends,” says J├╝rgen Gerdes, Board Member for the Post - eCommerce - Parcel division at Deutsche Post DHL Group. “This pilot project for car trunk delivery for private customers is unique in the German parcel industry; it demonstrates once again our market and innovation leadership as well as our commitment to parcel delivery services tailored more and more to the individual needs of our customers.”

DHL Parcel, Amazon and Audi plan to conduct their joint pilot project over the course of several months in the greater area of Munich, during which selected customers will have the chance to test the new delivery solution. Customers taking part in the early stage of the pilot will be registered by Audi.

Using a specially developed smart phone app, the DHL delivery agent receives the exact location of the car as well as access to the vehicle’s trunk. After the deliverymen have placed the item in the trunk and closed its door, the car is then locked automatically. DHL receives confirmation via the app and the car owner is informed of the successful delivery via email.

Using the car as a mobile delivery address is an especially attractive alternative for commuters. Whether parked in the company parking lot or at a Park & Ride lot, the postman can use the app to locate the automobile and place the item securely in the trunk of the car. Along with its Packstation, parcel box, and preferred location solutions, this latest innovation from DHL Parcel – a first on the German market to date – further expands DHL’s extensive offering of delivery options designed to meet the daily needs and requirements of its increasingly mobile customers.

DHL is a global brand in the logistics industry. DHL’s family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, international express, road, air and ocean transport to industrial supply chain management. With about 325,000 employees in over 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including e-commerce, technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 56 billion euros in 2014.

Natural Gas Provides Truck Fleets with Clean Fuel Alternatives in Pennsylvania

READING, Pa., April 22, 2015 – Penske Truck Leasing and Penske Logistics were among the companies that celebrated Earth Day 2015 and sustainability advancements being made in the transportation sector. The setting in Pottsville, Pennsylvania, was the grand opening of a Trillium CNG fueling station, with Wegmans Food Markets; NFI, a supply chain solutions provider; and Gladstein, Neandross and Associates (GNA), clean transportation and energy consultants.

Trillium unveiled a Class-8 public accessible compressed natural gas (CNG) fueling station in the Highridge Business Park. A total of 23 Penske Truck Leasing leased CNG alternative fuel heavy-duty trucks will be fueled by Penske Logistics, NFI and Wegmans at this location.

The replacement of 23 diesel-powered tractors with CNG-powered tractors will result in a 1.25 million pound annual reduction in CO2 emissions. This significant reduction in emissions is equivalent to the annual emissions of over 150 homes.

The station is on 1.6 acres and will be open continuously. It accepts all major credit cards and fleet cards. The separate dual hose dispenser will allow two trucks to fuel simultaneously and features Trillium CNG’s proprietary fast-fill hydraulic intensifier compressor.

To accommodate natural gas truck demand, Penske Truck Leasing modified its nearby 10,400-square-foot Highridge Business Park facility (1304 Keystone Blvd.) that opened in November 2013 so that each of its four truck maintenance bays can service natural gas vehicles.
Public funding was secured for this project.
Here are the GNA-secured 2014 Commonwealth grants being utilized in Schuylkill County:
• Penske Truck Leasing: $499,997 in ACT 13 funding from the Pennsylvania Department of Environmental Protection (Natural Gas Energy Development Program), to subsidize the purchase of 23 Freightliner Cascadia tractors equipped with Cummins Westport 12-liter engines. NFI is operating 15 of the tractors, while Penske Logistics is making use of five units, and Wegmans is running three trucks.
• Trillium CNG: $824,000 via the Pennsylvania Department of Community and Economic Development (Alternative Clean Energy Program) to subsidize the construction of their fueling station.

“Today is an excellent example of how several organizations can work together and create a success story for the transportation industry to transition to alternative fuels,” stated Drew Cullen, Penske Senior Vice President of Fuels and Facilities Services. “We appreciate the opportunity to take a lead role in making this day a reality.”

“Trillium CNG is excited to be partnering with NFI, Penske and Wegmans Foods to make CNG available in the area,” said Mary Boettcher, Trillium CNG President. “We’re confident other fleet operators in the tri-state region will take advantage of the environmental and economic benefits that natural gas provides.”

"With the new natural gas fueling station, NFI will be able to further its mission to improve its environmental impact,” said Bill Bliem, Senior Vice President Fleet Services at NFI, an EPA SmartWay Transport Partner. “This also allows us to share these benefits with our customers that also prioritize expanding their sustainability efforts."

“We are proud to be part of this event and to be working with partners who share our commitment to sustainability,” says David DeMascole, Wegmans’ Director of Network Planning. “If our high expectations for environmental and financial performance are met, these will be the first of many tractors using CNG at Wegmans.”

Trillium CNG is a leading provider of CNG to fleets and also offers facility design, construction, operations and maintenance services. Our focus is on fueling heavy-duty fleets that require high-performance solutions. Trillium CNG is a business unit of Integrys Energy Group, Inc. (NYSE: TEG). Follow us on social media: LinkedIn, Twitter, YouTube, Facebook and Trillium CNG Blog.

NFI is a fully integrated supply chain solutions provider headquartered in Cherry Hill, New Jersey. Privately held by the Brown family since its inception in 1932, NFI generates more than $1.1 billion in annual revenue and employs more than 8,000 associates. NFI owns facilities globally and operates 22 million square feet of warehouse and distribution space. Its company-owned fleet consists of over 2,000 tractors and 8,200 trailers, operated by more than 2,600 company drivers and 250 Owner Operators. Its business lines include dedicated transportation, warehousing, intermodal, brokerage, transportation management, global, real estate, trailer storage and solar services. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.

Wegmans Food Markets, Inc. is an 85-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland and Massachusetts. The family-owned company, founded in 1916, is recognized as an industry leader and innovator. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 18 consecutive years, ranking #7 in 2015. The company also ranked #1 for Corporate Reputation, among the 100 ‘most-visible companies’ nationwide in the 2014 Harris Poll Reputation Quotient ® study.
Gladstein, Neandross & Associates (GNA) is a leading North American consulting firm specializing in market development for low-emission and alternative fuel vehicle technologies, infrastructure, and fuels for both on and off-road applications. For more than 20 years, GNA has pioneered the nation’s largest and most innovative alternative fuel vehicle projects, including the development of several successful clean fuel corridor projects. The firm has secured more than $255 million in funding on behalf of its clients and projects, with a success rate above 90 percent for the nearly 300 applications they have written. In addition to its technical consulting practice, GNA hosts two of North America’s leading alternative fuel and advanced vehicle technology conferences—the Alternative Clean Transportation (ACT) Expo and the High Horsepower (HHP) Summit. For more information, visit www.gladstein.org.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pennsylvania, is a partnership of Penske Corporation, Penske Automotive Group, General Electric Capital Corporation and Mitsui & Co., Ltd. A leading global transportation services provider, Penske operates more than 216,000 vehicles and serves customers from more than 1,000 locations in North America, South America, Europe, Australia and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions.

Kristy Knichel Receives 2015 ‘Distinguished Woman in Logistics’ Award

Leader of Pennsylvania Logistics Firm Honored by Women in Trucking Association for Her Vision, Customer Focus and Commitment to Mentoring

ORLANDO, Florida, April 17, 2015 — Kristy Knichel, president of Knichel Logistics, Gibsonia, Pa., was presented the “Distinguished Woman in Logistics” award during this morning’s opening session of the Transportation Intermediaries Association 2015 “Capital Ideas” Conference and Exhibition in Orlando. She is the inaugural winner of the award, established by the Women in Trucking (WIT) Association to promote the achievements of women in the dynamic and increasingly influential field of transportation logistics. Knichel received the award from Monica Truelsch, director of marketing for TMW Systems, which sponsored the WIT award program.

Knichel is a second-generation logistics executive who began her career as an intermodal dispatcher in 1997. Since becoming president of Knichel Logistics in 2007, she has helped guide the company from $2 million to nearly $50 million in annual revenue. Now with nearly 50 employees, the company has been ranked in the Inc. 500 list of North America’s fastest growing privately owned businesses for four consecutive years.

Knichel’s influence is felt well beyond the workplace. She is actively involved in a women’s mentoring program in Pittsburgh and participates in numerous charities throughout western Pennsylvania. In 2014 she received the Pittsburgh Business Times’ “Business Women First” award, which is presented to the region’s most influential female business leader among both for-profit and non-profit companies.

“Under Kristy’s leadership, Knichel Logistics has focused on delivering superior service and value and has reaped the benefits of that dedication in the form of a larger and more diverse base of clients. By all accounts, she’s also a great boss and co-worker who values the vital contributions of every member of her team,” Truelsch said. “TMW is proud to sponsor this award program and recognize the growing visibility and influence of women’s accomplishments in the logistics industry.”

The other finalists for the 2015 Distinguished Woman In Logistics award were Faith Garcia-Ross, vice president, consumer services and Latin American operations, Menlo Logistics, Aurora, Ill.; and Jean Regan, president and CEO, TranzAct Technologies, Elmhurst, Ill.

Members of the judging panel were Adrian Gonzalez, president, Adelante SCM; Kate Miller, president, Blue Edge Marketing Ltd.; Diane A. Mollenkopf, Ph.D., McCormick associate professor of logistics and director, Ph.D. program in supply chain management, University of Tennessee; Fred Moody, editor and publisher, Logistics Quarterly; and Ellen Voie, CAE, president and CEO, Women in Trucking, Inc.

To learn more about the award and related events, please visit www.womenintrucking.org.

About TMW Systems
TMW is a leading transportation software provider to brokerage and 3PL organizations, commercial and private fleets. Founded in 1983, TMW has focused on providing enterprise software to the transportation industry, including asset-based and non-asset-based operations as well as heavy-duty vehicle service centers. With offices in Cleveland, Dallas, Indianapolis, Nashville, Oklahoma City, Raleigh, and Vancouver, the company serves over 2,000 customers, including many of the largest, most sophisticated and complex transportation service companies in North America. TMW is a Trimble Company (NASDAQ: TRMB) and part of the international Transportation and Logistics Division. www.tmwsystems.com

About Women In Trucking
Women In Trucking was established to encourage the employment of women in the trucking industry, promote their accomplishments and minimize obstacles faced by women working in the trucking industry. Membership is not limited to women, as 16 percent of its members are men who support the mission. Women In Trucking is supported by its members and the generosity of Gold Level Partners: Bendix Commercial Vehicle Systems; Daimler Truck NA; Frito-Lay North America; Great Dane Trailers; Hyundai Translead; and Walmart. Silver Level Partner is C.H. Robinson. Follow WIT on Twitter, Facebook or LinkedIn.

Tuesday, April 21, 2015

C.H. Robinson adds Global Forwarding Office; Leadership Positions

AMSTERDAM, THE NETHERLANDS (April 17, 2015) — Known as one of the largest maritime, logistics, and industrial hubs in Europe, Antwerp is also now home to C.H. Robinson’s newest Global Forwarding office.

The grouping of the existing C.H. Robinson road transport office in Antwerp with the new global forwarding office enables C.H. Robinson to provide the Belgian marketplace with a local approach combined with a wide scope of tailor-made global services. To support this expansion, Erwin Dhaene was appointed manager of the new office. Prior to becoming manager, Dhaene was responsible for C.H. Robinson’s ocean product development in Europe.

“We are confident that our new global forwarding office in Antwerp has tremendous opportunity to play a prominent role in Belgium and we are committed to be a reliable resource for all logistics needs,” said Dhaene in a press release.

Further to the promotion of Dhaene in Antwerp, two directors have been appointed at C.H. Robinson’s European corporate headquarters in Amsterdam.

Jesper Lund has been named sales director of Europe Global Forwarding where he will lead the commercial activities of the Global Forwarding division within Europe. Lund has 23 years of industry experience, starting his career in 1992 for DanTransport AS in Copenhagen, Denmark. Lund also spent 11 years at UPS SCS in various sales and general management leadership positions, including the role of Nordic director.

Eric Padmos has joined as operations director of Europe Global Forwarding where he will be responsible for pricing, operations, and the division’s service growth strategy. Padmos started his career in 1996 at Excel Freight Management and has held many management roles since at Rotra Air & Ocean, UPS SCS, and more recently IJS Global in Amsterdam.

“We are excited about this growth expansion, both to further develop our growing portfolio of regional and global accounts, as well as to further strengthen our leadership team,” says Ivo Aris, director of European Global Forwarding at C.H. Robinson. “The wealth of experience and industry knowledge of our new leaders has made key differences to our overall growth strategy. I believe the opening of the new office in Antwerp and the appointment of our new leaders is yet again a sign of our commitment to being a leader in our industry.”

About C.H. Robinson
C.H. Robinson is one of the leading road transportation and freight forwarders in Europe with a dynamic network of offices across Europe. Since 1993, C.H. Robinson has provided European customers with flexible, quality and reliable service. The company’s motivated, multilingual, and customer-focused employees apply their local knowledge and expertise to every transport challenge and build strong, personalised relationships with the customers they serve.

Founded in 1905, C.H. Robinson is one of the largest logistics companies in the world, providing global freight services, logistics outsource solutions, fresh produce sourcing and information services to customers globally, ranging from large, multinational companies to small, local businesses in a variety of industries. C.H. Robinson operates through a network of offices in North America, South America, Europe, and Asia. For more information about C.H. Robinson, visit http://www.chrobinson.com.

CP Reports Record Q1 2015 OR of 63.2 Percent

Q1 adjusted earnings per share climb to $2.26 

CALGARY, April 21, 2015 - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced the lowest first-quarter operating ratio in the company's history and the highest-ever net income for the period.

Revenues climbed 10 percent to a first-quarter record of $1.67 billion. Net income rose to an all-time quarterly high of $320 million, or $1.92 per diluted share, an improvement of 33 percent. Adjusted earnings per share improved 59 percent to $2.26.

"CP's success in the first quarter of the year is the result of hard work by its people and a business model that responds nimbly to any shift in economic conditions," said E. Hunter Harrison, CP's Chief Executive Officer. "CP's relentless focus on rail safety and cost control has created a solid foundation for growth, innovation and creative collaboration with customers."

* Revenue climbed 10 percent to $1.67 billion
* OR fell to a first-quarter record 63.2 percent, an 880-basis-point improvement
* Adjusted earnings per share advanced 59 percent to $2.26

"The diversity of the business and efficiency of CP's network and team has the company well positioned for the rest of the year," Harrison said, adding: "Amid persistent uncertainty in the pace of the North American economic recovery, CP continues to demonstrate the ability to recognize and capitalize on new business opportunities and operational efficiencies. We are confident in our plan and our people, and are committed to achieving our goals for 2015," Harrison said in a press release.

Non-GAAP Measures
For further information regarding non-GAAP measures, including reconciliations to the nearest GAAP measures, see the attached supplementary schedule Non-GAAP Measures.

Note on forward-looking information
This news release contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited, to our operations, priorities and plans, anticipated financial performance, including our 2015 full-year guidance, business prospects, planned capital expenditures, programs and strategies. This forward-looking information also includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "should" or similar words suggesting future outcomes. To the extent that CP has provided guidance using non-GAAP financial measures, the Company may not be able to provide a reconciliation to a GAAP measure, due to unknown variables and uncertainty related to future results.
Undue reliance should not be placed on forward-looking information as actual results may differ materially from the forward-looking information. Forward-looking information is not a guarantee of future performance. By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking information, including but not limited to the following factors: the key assumptions identified above; changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped via CP; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes. The foregoing list of factors is not exhaustive.
These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CP's annual and interim reports, Annual Information Form and Form 40-F. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information is based on current expectations, estimates and projections and it is possible that predictions, forecasts, projections, and other forms of forward-looking information will not be achieved by CP. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Canadian Pacific
Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of Canadian Pacific.

Monday, April 20, 2015

CN Declares Second-Quarter 2015 Dividend

MEMPHIS, TN, April 20, 2015 - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a second-quarter 2015 dividend on the Company's common shares outstanding. A quarterly dividend of thirty-one-and-one-quarter cents (C$0.3125) per common share will be paid on June 30, 2015, to shareholders of record at the close of business on June 9, 2015.

CN transports more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network spanning Canada and mid-America. CN - Canadian National Railway Company, along with its operating railway subsidiaries - serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America.

Monday, April 13, 2015

Tom Schmitt new Board Member of Schenker AG for Contract Logistics

(Frankfurt am Main/Essen, April 13, 2015) - The Supervisory Board of Schenker AG has appointed Tom Schmitt, 50, as the new Board Member of Schenker AG, responsible for the business unit Contract Logistics/SCM. Tom Schmitt is currently President and Chief Executive Officer of AquaTerra Corporation in Toronto, Canada. He will assume this role at Schenker AG on June 15, 2015.

After graduating in London and Boston, Tom Schmitt started his career at British Petroleum in London and Cleveland. He held various top positions in different companies as for example as Senior Engagement Manager at McKinsey & Company in Atlanta and Austria (1993 – 1998) and as President and CEO for FedEx Global Supply Chain Services in Memphis (1998 – 2010).

Ewald Kaiser who took over the responsibility for Contract Logistics on an interim period will concentrate on his work as Member of the Board of Management of Schenker AG for Land transport.

Friday, April 10, 2015

Spring Surge Begins for Truckload Freight and Rates: DAT Freight Index

20th straight month of higher average spot truckload rates year-over-year

PORTLAND, Ore. (April 10, 2015)—Spot market freight volume rose 34 percent in March 2015 compared to the previous month, a spring surge which is typical for the season, according to the DAT North American Freight Index, a measure of conditions on the spot truckload freight market.

By comparison, March freight availability declined 28 percent year-over-year. The spring freight season usually begins in late March, but a prolonged winter in 2014 led to unprecedented volume throughout the entire first quarter.

Month-Over-Month Volumes Rise

By equipment type, freight volume increased month-over-month: 34 percent for vans, 41 percent for flatbeds and 20 percent for refrigerated (“reefer”) trailers.

Truckload freight rates on the spot market rose seasonally for all equipment types: van rates increased 2.5 percent, flatbeds added 2.8 percent, and reefers were up 1.7 percent, compared to February.

March Volume Below 2014 Levels, Rates Higher 

Compared to the extraordinary market conditions of March 2014, year-over-year freight volume by equipment type declined 19 percent for vans, 42 percent for flatbeds and 1.3 percent for reefers.

Rates trended up, however: van rates rose 2.5 percent, flatbeds were up 6.9 percent, and reefer rates rose 6.4 percent, compared to March 2014.

Monthly average rates have increased year-over-year for more than 20 consecutive months.

Intermediaries and carriers across North America listed more than 120 million loads and trucks last year on the DAT Network of load boards. As a result of this high volume, the DAT Freight Index is representative of the ups and downs in North American spot market freight movement. In 2015, DAT re-formulated the Index with 2000 as the baseline year.

Reference rates are derived from DAT RateView. Rates are cited for line haul only, excluding fuel surcharges, which declined significantly on both a month-over-month and year-over-year basis. The monthly DAT North American Freight Index reflects spot market freight availability on the DAT Network of load boards in the United States and Canada. Beginning in January 2015, the DAT Index was rebased so that 100 on the Index represents the average monthly volume in the year 2000. Additional trends and analysis are available at DAT Trendlines.

About DAT Solutions

Based in Portland, Oregon, DAT Solutions provides actionable information to transportation professionals in North America. It operates the industry’s largest network of load boards and is a trusted source of supply and demand trends, rate benchmarking, and capacity planning information. Related services include a comprehensive directory of companies with business history, credit, safety, insurance and company reviews; broker transportation management software; fuel tax, mileage, vehicle licensing, and registration services; mobile resource management; and carrier onboarding.

Founded in 1978, DAT Solutions LLC is a wholly owned subsidiary of Roper Industries, a diversified technology company and constituent of the S&P 500, Fortune 1000 and Russell 1000 indices. www.dat.com

Canadian Auto Industry Leads Manufacturing Rebound: Scotiabank

TORONTO, ON- April 10, 2015 - Global car sales climbed to record highs in February, according to the Scotiabank Global Auto Report released today. However, the gain moderated to less than one per cent above a year earlier, the smallest increase in two years. Western Europe posted the fastest growth, followed by solid gains in North America and Asia, while activity continued to weaken in both Eastern Europe and South America.

"Record auto sales and production across North America are reviving the Canadian auto industry," said Carlos Gomes, Senior Economist and Auto Industry Specialist at Scotiabank. "The auto sector is leading the manufacturing resurgence across the Canadian industrial heartland, is gaining market share globally, and momentum has accelerated in the opening months of 2015."

Other highlights from the report include:

• Canadian auto sector shipments surged 18.5% year-over-year in January, well above the 12.7% increase reported south of the border, and considerably higher than the 7.4% increase in 2014.
• Annual Canadian auto industry shipments climbed above $86 billion last year for the first time since 2007.
• Car and light truck sales in Canada are being bolstered by low gasoline prices, with volumes climbing to an annualized 1.86 million last month and setting a record for the month of March.
• Vehicle purchases in the United States climbed back above an annualized 17 million units in March, up from an average of 16.4 million during the previous two months.

Read the full Scotiabank Global Auto Report online at: http://www.scotiabank.com/ca/en/0,,3112,00.html.

Scotiabank is one of Canada's international banks and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking. With a team of more than 86,000 employees and assets of $852 billion (as at January 31, 2015), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS).

Wednesday, April 8, 2015

High jump Announces New Suite of Solutions for Wine and Spirits Distributors

MINNEAPOLIS, MN - (April 8, 2015) – HighJump, a global provider of supply chain management software, announced today the release of new functionality to its direct store delivery suite of solutions for wine and spirits distributors, HighJump™ RouteCenter and OmniTech Sales. With over 70 enhancements, this latest release includes upsell tools, advanced discount functionality, the ability to reserve product by route or salesperson, and purchase order automation.

“As competition and new consumer demands drive beverage makers to expand their portfolios, our goal is to enable distributors to turn what could be an obstacle into a competitive advantage,” said Joe Couto, senior vice president and general manager, HighJump.

“This latest version of HighJump RouteCenter contains incremental enhancements and new features that aim to help wine and spirits distributors effectively manage a growing number of SKUs, including ever-changing pricing, complex discounting, and the need to equip field representatives with up-to-the-minute information,” said Derek Curtis, vice president of sales, HighJump.

Some of the enhancements in the latest release include:

• Discount Alerts: When entering an order, HighJump OmniTech Sales detects when a customer is close to earning a discount and notifies the salesperson. Distributors are enabled to set percent or unit thresholds and leverage that information to encourage upselling.
• Discounts by Cases or Units: Distributors can now indicate whether each discount should be applied to cases or units, as well as discount reward or break quantities in both case and unit figures accordingly.
• Purchase Order Automation Tool: HighJump RouteCenter allows distributors to easily generate, email, and track purchase orders for their vendors. In addition, the tool calculates suggested purchase quantity and future out-of-stock date based on sales history and pallet configuration.
• Buy-in and Round-house Deals: Discounts are now applied throughout the duration of the buy-in period for all qualifying customers, even if the discount award changes. Additionally, salespeople are allowed to select free reward products from a list of qualified product.
• Product Reservation by Route or Salesperson: HighJump RouteCenter aims to help distributors ensure key customers get the product they need, when they need it. Each salesperson is assigned reserved stock, which he can then allocate based on market demands and customer relationships.

In addition, HighJump RouteCenter provides comprehensive invoice customizations to address tax and product spec complexity.

“Our business has grown dramatically over the past few years, adding over 180 suppliers and 3,500 SKUs to our portfolio. In addition, we’ve had to meet industry-specific requirements such as split-case deliveries, the ability to inventory both bottles and cases, revised credit terms, and a variety of discounting plans.

Throughout these challenges, HighJump has addressed all concerns and been a great partner in our success,” said Kurt Leinauer, vice president and general manager, Lohr Distributing Co.

All new features and enhancements are now available to all HighJump current and new clients. To learn more about HighJump RouteCenter, visit www.highjump.com.

About HighJump

HighJump is a global provider of supply chain management software and trading partner network technology that streamlines the flow of inventory and information from supplier to store shelf. We support more than 14,000 customers in 77 countries, ranging from small businesses to global enterprises. Our functionally rich and highly adaptable solutions efficiently manage customers' warehousing, manufacturing, transportation, distribution, trading partner integration, delivery routes and retail stores. For more information, visit http://www.highjump.com.

Swissport Brussels is first station worldwide to receive IATA’s new CEIV pharma certification

Zurich, 08 April 2015  - Swissport International Ltd., the world’s leading provider of ground and cargo handling services to the aviation industry, is proud to announce that its station Swissport Cargo in Brussels has successfully completed the validation process for IATA’s “Center of Excellence for Independent Validators” (CEIV) on Pharmaceutical Logistics. The certificate was handed over to Swissport at the World Cargo Symposium in Shanghai in March 2015.

In 2014, IATA established the Center of Excellence for Independent Validators (CEIV) on Pharmaceutical Logistics in close cooperation with the pharmaceutical industry, regulators and industry stakeholders. The certification aims at helping airlines, handlers and forwarders improve their share of the $60 billion a year pharmaceutical logistics market. The program, which includes implementation planning, on-site assessment, training and validation, marks a new standard in the pharmaceutical logistics industry and raises the benchmark for compliance with industry regulation. Swissport Cargo Brussels is among the first handling agents worldwide and the first Swissport Cargo station to successfully complete the new certification process.

The pharmaceutical logistics market is the most regulated and fragile cargo business in the world. As a consequence, the CEIV certification program comprises numerous modules focusing on equipment requirements, storage facilities, pharmaceutical handling procedures and internal pharmaceutical handling know-how. By being compliant with these modules and the strict requirements of IATA’s new industry standard, Swissport Brussels is in a position to meet the high standards set by the pharmaceutical industry and legislators globally.

BCTA Commentary: BC on the Move Road Map Gets it Right for Trucking

Commentary: By Louise Yako, President & CEO, BC Trucking Association

April 8, 2015, Vancouver, BC - When the Ministry of Transportation and Infrastructure (MoTI) released the BC on the Move 10-year transportation plan on March 18, the BC Trucking Association (BCTA) was glad to see not only plans for infrastructure improvements, but the more important message that BC’s economy depends on a safe, reliable and efficient transportation network. It’s only a short leap of logic from that statement to recognition that a strong and healthy BC economy relies heavily on a vibrant, thriving, efficient trucking industry.

The trucking industry accounts for two percent of BC’s GDP, employs about 40,000 people, and is larger than other major industries, including forestry, pulp and paper, and oil and gas. There is tacit acknowledgement of the importance of our industry to BC’s economy in the 10-year plan, which embeds a trucking strategy.

As we face increasing globalization, the cornerstone of Canada’s economic wellbeing will continue to be an efficient and competitive transportation network. That’s why following joint federal-provincial projects to widen Highway 1 in the Lower Mainland, construct the South Fraser Perimeter Road and replace the Port Mann Bridge, Transport Canada has undertaken an early review of federal transport-related acts and regulations with a view to ensuring Canada’s transportation competitiveness for the next 40 years.

The top four BC on the Move priorities involve road infrastructure. That’s because trucks not only deliver 90 percent of consumer products and foodstuffs to communities across BC, they are also the necessary link with other transportation modes, including cargo ships arriving at Port Metro Vancouver, railways, and air cargo terminals. And, in 2013, trucks transported 72 percent of imports and 44 percent of exports (by value) between the US and Canada.

So BC on the Move has it right. Road capacity and conditions are crucial not only to the trucking industry but to the rest of us who need the goods it delivers. Long-distance trucking will particularly benefit from plans to reduce congestion and improve highway reliability, such as six-laning Highway 97 through Kelowna and improvements to avalanche infrastructure on Highway 1. Anyone who’s had to find a place to stay in Revelstoke or Golden due to an avalanche-related highway closure will have noticed the number of heavy trucks held up and waiting. It is a necessary safety requirement to reduce avalanche risk, but it`s also a time-consuming and expensive inconvenience for trucking companies and their clients.

In addition, growth in the resource sector, especially in Northeastern BC, requires the transport of very large and heavy specialized equipment and materials needed to build dams and natural gas facilities and install pipelines. There are trucking companies that specialize in this type of service – even to the point of designing purpose-built trailers to carry individual items efficiently and safely. Getting that equipment where it needs to go requires forethought and planning for loads that are higher, wider and/or longer than standard limits. BC on the Move commits to addressing infrastructure challenges and streamlining the permit process for oversized loads, making things easier for the trucking companies involved and the projects they’re supporting. Here again, what benefits trucking benefits the economy as well.

Finally, and although I mention this last, it’s by no means least important to the industry: the highway network and the municipal road system is the workplace of commercial vehicle operators. In many instances, there are insufficient places for truck operators to take a break, eat or use washroom facilities, even in our cities and larger communities. The ease and comfort in which truck operators are able to carry out their tasks and meet requirements to rest, check equipment, or complete administrative duties is one of the reasons that may discourage new recruits from entering the industry. Both young people and career-switchers are staying away from the occupation in droves, with a projected shortage of 2,200 to 4,500 drivers in BC by 2020.

More and better rest areas for drivers is a long-time BCTA policy, and BC on the Move recognizes this priority with plans for at least two new truck parking areas in the Lower Mainland and a commitment to identify locations for more, including parking and chain-up/chain-off areas on key highways and partnerships for new commercial truck stops and facilities. It’s a positive development to see the needs of commercial vehicle operators captured in a public 10-year transportation plan covering the whole province of BC.

BCTA is looking forward to seeing these and other priority actions from the BC on the Move road map implemented – to the benefit of the trucking industry and all British Columbians.

About BCTA:

BCTA, a member-based, non-profit, non-partisan advocacy organization, is the recognised voice of the provincial motor carrier industry, representing over 1,000 truck and motor coach fleets and over 250 suppliers to the industry. BCTA members operate over 13,000 vehicles, employ 26,000 people, and generate over $2 billion in revenue annually in the province of BC.

Echo Global Logistics Named 2014 Truckload Carrier of the Year

Leading Plastic Packaging and Engineered Materials Firm Utilizes Echo Proprietary Technology and Dedicated Truckload Support Team

CHICAGO, April 8, 2015 – Echo Global Logistics, Inc. (Nasdaq: ECHO), a leading provider of technology-enabled transportation and supply chain management services, announced today the company was named 2014 Truckload Carrier of the Year by Berry Plastics Group, Inc. (NYSE: BERY). Evansville, Indiana-based Berry Plastics is a top provider of plastic packaging, tapes and adhesives and protection materials for numerous markets including personal care, household food, beverage, foodservice, and healthcare.

“We are honored to be named the 2014 Truckload Carrier of the Year by Berry Plastics, a longstanding partner who has given us the opportunity to simplify their shipping requirements,” said Douglas R. Waggoner, Chief Executive Officer of Echo Global Logistics. “Through our extensive carrier network and access to vital, real-time data, we help Berry Plastics and other clients find the right truckload carrier that fits their specific needs.”

Echo has increased its geographic coverage, allowing Berry Plastics to better leverage the expanded Echo carrier base. The partnership between the two companies has grown to a corporate, national level and resulted in deeper relationships, open communication and thus the prestigious recognition of the high performance and service provided by Echo.  

“We have a collaborative and strategic business relationship with Echo and its truckload business that allows us to best meet the needs of our diverse base of customers in the United States,” said Kelly Allen, Director Corporate Logistics at Berry Plastics. “Echo offers us the necessary size, scale, proprietary technology, and committed customer service that help us to move product efficiently and quickly.”

About Berry Plastics
Berry Plastics Group, Inc. is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to our customers with annual net sales of $5 billion in fiscal 2014. With world headquarters in Evansville, Indiana, the Company’s common stock is listed on the New York Stock Exchange under the ticker symbol BERY. For additional information, visit the Company’s website at www.berryplastics.com.

About Echo Global Logistics
Echo Global Logistics, based in Chicago, is a leading provider of technology-enabled transportation and supply chain management services. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 30,000 transportation providers to serve its clients' transportation and supply chain management needs. Offering freight brokerage and Managed Transportation solutions across all major modes, Echo serves clients in a wide range of industries, including manufacturing, construction, consumer products, and retail. For more information on Echo, visit: www.echo.com.

DHL Insights on the Intensification of Security Measures for Trading Internationally

April 8, 2015, Cape Town, South Africa - Globally, the increased concern around public safety has resulted in the intensification of security measures for transportation of goods internationally. Businesses which trade internationally need to be aware of the security measures in place to mitigate the risk to their operations and their people.

This is according to Oliver Facey, Vice President of Operations for DHL Express Sub Saharan Africa (SSA), who was speaking in light of the recent announcement of three African countries, namely Sudan, South Sudan and Djibouti, joining the EU list of red countries, a classification which results in strict security measures being imposed on goods transported across the country’s borders. There are currently eight African countries classified as red countries.

Countries across the globe are classified according to their security risk profiles and are either regarded as red, white or green – the classification determines the level of security measures applicable to the countries, and includes various restrictions on the items that can be transported, as well as the screening levels packages need to be subjected to before being cleared for transportation to the EU and US. Facey explains that a red country is considered higher risk due to potential national security concerns. Similarly, a white country is considered to have a certain level of risk, but not as high a security risk as a red country whereas green countries have a minimal security risk level.

Facey says that the nature and degree of security is changing, and that society at large needs to be aware of the increased security measures that are required to be taken. “The business-to-consumer (B2C) market in SSA is growing with the emergence of e-commerce and the increased demand for consumer goods. The rise of the SME has also resulted in greater variety and accessibility to new and competing products. Goods are now just a click away, and can be sourced and ordered from anywhere in the world.”

Facey explains that global security breaches, such as terrorist threats and the trading of illegal or prohibited substances have resulted in the global transportation of goods being subjected to a number of security regulations, largely driven by the European Union (EU) and United States (US). A recent example of this was in the directive by the EU (EU1082/2012) which required Airlines to get ACC3 accreditation (Air Cargo Carrier 3rd Country), and as part of this, DHL Express in SSA acquired RA3 (Regulated Agent 3rd Party) accreditation in 18 of its countries with flights direct to Europe.

“In order to trade with the EU and US, red countries have to comply with set regulations and conditions. These regulations set the benchmark for general security measures and screening which then gets applied consistently to all goods being processed out of Africa and the rest of the world.  There are challenges in implementing these regulations, but companies like DHL Express continue to invest to not only meet these regulations but to ensure the standards are applied rigorously across the continent. In order to counteract these challenges and to assist local businesses and individuals to trade internationally, DHL Express has invested over EUR 3 million in the last two years to improve security processes in select SSA countries.”

Facey says that while the regulations should not hamper trade between certain countries and the rest of the world, consumers and businesses need to be aware of them and understand that certain items cannot be moved as easily as others.

“Additional time needs to be spent on planning as certain items may need to be rerouted to countries in order for them to be screened and cleared for shipping. When it comes to global opportunities, knowledge is key to success for many businesses; knowing which markets to target, how to market their product, how to identify customers, how to get paid and critically, how to ship globally. It’s important to have a trusted partner to assist you, not only with complying with the regulations, but to assist with solutions to ensure that your products reach the desired recipient.” concludes Facey.


DHL is the leading global brand in the logistics industry. DHL’s family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, international express, road, air and ocean transport to industrial supply chain management. With more than 325,000 employees in over 220 countries and territories worldwide, they connect people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including e-Commerce, technology, life science and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 56 billion euros in 2014.

BCG Logistics Group Merges Cannon Express LLC with Action Expediting South East

Toronto, ON – April 8, 2015 - BCG Logistics Group is proud to announce the merger of its U.S. division, Cannon LLC, headquartered in Atlanta, GA, and Action Expediting (South East Division), an asset-based carrier serving the southeastern US market from its headquarters in Madison, GA.

BCG Logistics Group has a participating interest in Cannon Express, LLC, an asset-based carrier serving the southeastern US market.

This merger reflects BCG Logistics’ strategy in Canada and the United States to offer its growing portfolio of international customers more services, efficiencies and a ‘One America Supply Chain Solution’.

Following this merger Action Expediting South East will operate as Cannon Express, LLC, under the auspices of Toronto-based BCG Logistics Group. In addition, the existing Action South East management team will report to Cannon President, Frank A. Cannon. Action’s other US operations will continue to be managed By David Miller, President of Action.

In this initial phase of the integration process, the Action team plans to leverage BCG Logistics’ technologies, such as its proprietary TMS “STARS” technology, to meet its customers’ growing demand for more information, new efficiencies and services, says Action President David Miller. Both BCG Logistics Group and Action Expediting  have focused their businesses on providing high quality regional solutions in the U.S. and Canadian markets, and BCG’s proprietary “STARS” Technology will contribute to Cannon’s and Action’s reputations as a regional leaders.

“The merger of Action Expediting is consistent with BCG Logistics’ corporate strategy to expand its portfolio of services and increase its scope of customers and operations in North America,” says Allan Smith, President & CEO of BCG Logistics Group, adding: “The staff and current owner at Action are excited to be part of BCG’s future and we will be incorporating “STARS” into Actions’ existing southeastern US customer base in the coming months. This is an important part of a strong, fully integrated partnership that will offer BCG Logistics Group’s clients an enhanced portfolio of transportation services. It’s our company’s strategy to support our customers’ distribution efforts across North America by leveraging one powerful and growing platform.”

About BCG Logistics Group

BCG Logistic Group is a technology-based 3PL, dedicating to developing and managing innovative distribution programs in Canada for its international client base as a full-service Canadian 3PL. Its portfolio of services includes: supply chain consulting, U.S. and Canadian transportation management, cross-dock operations (pre-8 a.m. parts distribution), freight audit and payment services. BCG Logistics is a complete service provider offering extensive experience in retail, automotive, agricultural and industrial distribution and sequencing for its diverse customer base, with locations across Canada that include: Toronto, ON; Brantford, ON; Vancouver, BC; Edmonton, AB; Winnipeg, MB and in the Midwestern United States, Chicago, IL. BCG Logistics’ technical team has developed an innovative, customized, flexible and user-friendly TMS operating system, “STARS”, which offers complete visibility and accountability of customer supply chains. For more information on BCG Logistics visit: www.bcglogistics.com

Action Expediting 

Action Expediting, Inc., headquartered in historic Madison, Georgia, provides shippers with nationwide turnkey transportation and dedicated delivery services. Our customers - some of the Fortune 500 elite - benefit from our chameleon-like ability to flexibly design and execute door-to-door deliveries via an extensive distribution network. In addition to designing real- world logistical programs, Action Expediting’s service offerings include the management of power and material handling equipment, human resources, fuel programs and regulatory compliance. For more information on Action Expediting visit: www.actionexpediting.net

About Cannon Express, LLC

Cannon is a full service asset-based pre-8 a.m. parts carrier offering unattended daily delivery services with real time visibility for regional dealers and wholesalers through its 12 locations across the southeastern United States. For more information on Cannon Express visit:  www.cannonexpress.net

For more information contact:
Teena Medeiros
BCG Logistics Group

DB Schenker Rail UK wins contract to deliver coal to Drax Power Station

Tuesday, 8th April, 2015 - Reliability of service and excellent customer communication has contributed to DB Schenker Rail UK being awarded a new contract to deliver coal to Drax Power Station.

The three year deal, which began on April 1st, will cover the key supply routes of Immingham and Kellingley. There is also the potential for additional North East supplementary routes.

Since 2011, DB Schenker Rail UK has delivered up to 45% of the Drax coal contract. The new contract means DB Schenker Rail UK will deliver the vast majority of coal to the power station.

Mark Fernandez, Acting Head of Sales at DB Schenker Rail UK, said: “We are delighted to have been awarded this contract. At DB Schenker Rail UK we place a huge amount of importance on building solid partnerships with our customers. Drax has recognised that we have a team of experts in the industry focused on delivering excellence for their business. For example, our customer satisfaction surveys have allowed us to act on feedback from Drax in order for us to continue to deliver reliability and sustainable supply chain solutions to meet their needs.”

In addition to the new contract, DB Schenker Rail UK has a contract to supply up to 80% of Drax’s biomass requirement.

DB Schenker Rail UK is the country’s leading rail freight operator, running over 5,000 train services every week and employing more than 3,000 people.

Ford Sollers partners with Girteka Logistics

Vilnius, Lithuania, April 8, 2015 - Girteka Logistics has been selected as the exclusive road transport provider by truck for Ford Sollers (“A joint venture between the Ford Motor Company and Sollers) to transport spare parts from Germany to Russia.

Girteka Logistics and Ford Sollers today sign’s a three year multi-million Euro contract covering approximately 2,500 truckloads from Germany to Russia with Ford spare parts.

Girteka Logistics will for the next three years be handling all shipments of spare-parts from Ford Cologne, Germany to the Ford Sollers Parts Distribution Center in Moscow, Russia. Ford Sollers has been successful in Russian for a long period

Girteka Logistics is a major European road carrier with more than 7.100 Employees. Girteka Logistics is, due to its Lithuanian origins, specialists in creating a trade bridge between Europe and Russia.

“We are proud of having been selected for this important contract by Ford Sollers. The contract highlights that our focus on road safety and being a good employer can be combined with positive growth”, says Edvardas Liachovicius, CEO of Girteka Logistics.

“Ford Sollers is dependent on timely and safe deliveries to the Russian market; we selected Girteka Logistics due to their extensive route network and experience in both markets.  Their quick to launch approach combined with a strong focus on efficient processes, lean engineering methods and favourable price structure was key selection criteria’s”, stated Alfred Eckl, Coordinating Manager Ford of Europe, Russian Spare Parts Operations.

Tuesday, April 7, 2015

CEVA names Antonio Fondevilla to lead Global Automotive Sector

Hoofddorp, the Netherlands, 7 April, 2015 – CEVA Logistics, one of the world’s leading supply chain companies, today announced the appointment of Antonio Fondevilla as Executive Vice President responsible for the company’s global Automotive sector.

CEVA is an established global leader in automotive logistics; the Automotive sector accounted for 24% of the company’s annual revenue in 2014.

Mr. Fondevilla has more than 20 years of supply chain management and automotive logistics experience. He joined CEVA in 2008 and most recently served as Vice President, Global Key Account Management, as well as the company’s interim leader of the European Automotive sector.  He began his career in the employ of a major global automotive manufacturer.  Mr. Fondevilla has a Master’s degree in Industrial Engineering from the Polytechnic University of Catalonia and a Master’s degree in Business Administration from the IESE Business School of Barcelona.

“I am very pleased to have an executive with Toni’s extensive automotive logistics experience in this important role for CEVA.  His passion for, and commitment to, our customers’ success is unrivalled.  He is the perfect choice to lead the best global automotive logistics team in the industry today,” said Hakan Bicil, Chief Commercial Officer for CEVA.  “Our Automotive sector momentum is strong and growing – as evidenced by our recent 2014 “Supplier of the Year” award from General Motors – and will bring additional customer value under Toni’s leadership.”

“CEVA is widely recognized as the world’s leading provider of logistics services to the automotive industry,” Mr. Fondevilla said. “We are unique in our geographic scope and breadth of services in all areas of the automotive supply chain – from providing aftermarket transportation and warehousing, to Air, Ocean and Ground freight management, export packing, inbound transportation, finished vehicles, global materials management, vendor managed inventory, 3PL/4PL services and more; our aim is to bring innovation to our customers while reducing their supply chain costs.”

FedEx and TNT Express Announcement

FedEx and TNT Express agree on recommended all-cash public offer for all TNT Express shares

This is a joint press release by FedEx Corporation and TNT Express N.V., pursuant to Section 5 Paragraph 1 of the Decree on Public Takeover Bids (Besluit openbare biedingen Wft, the Decree) in connection with the intended public offer by FedEx Corporation for all the issued and outstanding ordinary shares in the capital of TNT Express N.V. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in TNT Express N.V. Any offer will be made only by means of an offer memorandum. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, Canada or Japan.

April 7, 2015 - FedEx Corporation (NYSE: FDX) (FedEx) and TNT Express N.V. (Euronext Amsterdam: TNTE) today announced that they have reached a conditional agreement (the Merger Protocol) on a recommended all-cash offer for all issued and outstanding ordinary shares, including shares represented by American Depositary Receipts (the Shares) of TNT Express (the Offer) for a cash offer price of €8.00 per share cum dividend except for the TNT Express final 2014 dividend of €0.08 (the Offer Price) in a transaction valuing TNT Express at an implied equity value of approximately €4.4 billion ($4.8 billion).

Frederick W. Smith, Chairman and CEO of FedEx Corp., said: “We believe that this strategic acquisition will add significant value for FedEx shareowners, team members and customers around the globe. This transaction allows us to quickly broaden our portfolio of international transportation solutions to take advantage of market trends – especially the continuing growth of global e-commerce – and positions FedEx for greater long-term profitable growth.”

Tex Gunning, CEO of TNT Express, said: “This offer comes at a time of important transformations within TNT Express and we were fully geared to executing our stand-alone strategy. But while we did not solicit an acquisition, we truly believe that FedEx’s proposal, both from a financial and a non-financial view, is good news for all stakeholders. Our people and customers can profit from the true global reach and expanded propositions, while with this offer our shareholders can already reap benefits today that otherwise would only have been available in the longer run.”

Transaction highlights:
• FedEx Corporation (FedEx) and TNT Express N.V. (TNT Express) reached conditional agreement on recommended all-cash public offer of €8.00 per ordinary TNT Express share.
• The Offer Price represents a premium of 33% over the closing price of 2 April 2015 and a premium of 42% over the average volume weighted price per TNT Express share of €5.63 over the last 3 calendar months.
• The transaction represents an implied equity value for TNT Express of €4.4 billion ($4.8 billion).
• Transaction unanimously recommended and supported by TNT Express’ Executive Board and Supervisory Board.
• High level of deal certainty.
• PostNL N.V. has irrevocably confirmed to support the Offer and tender its 14.7% TNT Express shareholding.
• Combination will transform FedEx’s European capabilities and accelerate global growth.
• Customers will enjoy access to an enhanced, integrated global network, combining TNT Express strong European capabilities and FedEx’s strength in other regions globally, including North America and Asia.
• FedEx and TNT Express employees share a commitment to serving customers and delivering value for shareholders and supporting the communities they live and work in.
• The parties have agreed to certain non-financial covenants including:
-Existing employment terms of TNT Express will be respected.
- The European regional headquarters of the combined companies will be in Amsterdam/Hoofddorp.
-TNT Express hub in Liege will be maintained as a significant operation for the group going forward.
- TNT Express’ airline operations will be divested, in compliance with applicable airline ownership regulations.
• FedEx and TNT Express anticipate that the Offer will close in the first half of calendar year 2016.
• FedEx and TNT Express are confident that anti-trust concerns, if any, can be addressed adequately in a timely fashion.

FedEx and TNT Express will host a press conference today at 09:30 hours CET at the Amsterdam Hilton Apollolaan, which will be available via webcast http://player.companywebcast.com/citigateff/20150407_1/en/player

FedEx will host an audio webcast for analysts and investors today at 07:30 hours CDT (14:30 CET). This meeting can be followed on http://investors.fedex.com

TNT Express will host an analyst and investor conference call today at 15:30 hours CET.
Memphis, Tennessee; Hoofddorp, the Netherlands – April 7, 2015

Strategic Rationale
• The combined companies would be a strong global competitor in the transportation and logistics industry, drawing on the considerable and complementary strengths of both FedEx and TNT Express.
• The combined companies’ customers would enjoy access to a considerably enhanced, integrated global network. This network would benefit from the combined strength of TNT Express strong European road platform and Liege hub and FedEx’s strength in other regions globally, including North America and Asia. TNT Express customers would also benefit from access to the FedEx portfolio of solutions, including global air express, freight forwarding, contract logistics and surface transportation capabilities.
• FedEx will strengthen TNT Express with investment capacity, sector expertise and global scope.
• Employees will enjoy further growth opportunities with the extended reach and propositions offered by the combined organization.
• FedEx and TNT Express employees share a commitment to serving customers and delivering value for shareholders and supporting the communities they live and work in.

Transaction Details
The proposed transaction envisions the acquisition of the Shares of TNT Express pursuant to a recommended public offer by FedEx. The Offer Price per Share represents an implied equity value for 100% of TNT Express on a fully diluted basis of €4.4 billion ($4.8 billion).
The Offer Price represents a premium of 33% over the closing price of 2 April 2015 and a premium of 42% over the average volume weighted price per TNT Express Share of €5.63 ($6.14) over the last three calendar months.
The Offer Price is cum dividend except for the TNT Express final 2014 dividend of €0.08.
Transaction Funding
FedEx intends to finance the Offer by utilizing available cash resources and through existing and new debt arrangements. The proposed transaction will have no financing contingencies. FedEx has a market capitalization of $47 billion, solid investment grade credit rating and ample available liquidity. FedEx will make a timely certain funds announcement as required by Section 7 Paragraph 4 of the Decree.

Unanimously Recommended by TNT Express Executive & Supervisory Boards
The Executive Board and the Supervisory Board of TNT Express (the Boards) have frequently discussed the developments of the proposed transaction and the key decisions in connection therewith throughout the process. The Boards have received extensive financial and legal advice and have given careful consideration to the strategic, financial, operational and social aspects of the proposed transaction. After careful consideration, and also taking into account the fact that TNT Express has only recently launched its Outlook strategy for a stand-alone future, the TNT Express (the Boards) believe the Offer to be in the best interest of TNT Express and its stakeholders, including its shareholders, and intend to fully and unanimously support and recommend the Offer for acceptance to TNT Express’ shareholders, and vote in favour of the resolutions at the EGM (as described below). Furthermore, Mr. Vollebregt, the only member of the Boards who holds TNT Express shares will tender all of his shares under the Offer and vote in favor of the resolutions at the EGM.

On April 6, 2015, Goldman Sachs International issued an opinion to the Boards and Lazard issued an opinion to the Supervisory Board of TNT Express, in each case as to the fairness, as of that date, and based upon and subject to the factors and assumptions set forth in their respective opinions, that (i) the €8.00 in cash to be paid to the holders of Shares in the Offer was fair from a financial point of view to TNT Express shareholders in the Offer and to the holders of Shares and (ii) the purchase price to be paid to TNT Express for the entire TNT Express business under the proposed Asset Sale (as described below) was fair from a financial point of view to TNT Express.

Irrevocable from PostNL N.V.
PostNL N.V., holder of approximately 14.7% of the outstanding Shares of TNT Express, has committed to tender its shares under the Offer, if and when made, and to vote in favor of the resolutions proposed at the EGM. The irrevocable contains certain customary undertakings and conditions.

Management and Employees
The combination offers a unique opportunity to strengthen the resource base of both companies, thereby offering prospects for employees of the combined companies. FedEx has a long-standing history of developing leaders from within its organization, providing best-in-class training and development opportunities. FedEx will continue to respect existing work councils’, trade unions’ and employee rights and benefits (including pension rights).
The combined companies will cooperate to avoid any significant redundancies in the global or Dutch work forces. The combined companies will foster a culture of excellence, where qualified employees will be offered attractive training and national and international career progression based on available opportunities.

Governance TNT Express
After successful completion of the Offer, the TNT Express Supervisory Board will be composed of three new members selected by FedEx (being David Binks, Mark Allen and David Cunningham who will act as chairman) and of two members of the current Supervisory Board of TNT Express qualifying as independent within the meaning of the Dutch Corporate Governance Code, being Margot Scheltema and Shemaya Levy Chocron (the Independent Members). The Independent Members will continue to serve on the Supervisory Board for at least three years as of the commencement of the Offer. They will be charged particularly with monitoring the compliance with the non-financial covenants in relation to the offer and have certain veto rights with respect to the non-financial covenants and in case of dilution of minority shareholders or unequal treatment which could prejudice the value of the shares of minority shareholders after the Offer.

It is the intention of FedEx and Messrs. Gunning and De Vries that they will remain on the Executive Board of TNT Express after Settlement.

Non-financial Covenants
FedEx has provided certain non-financial covenants with regard to the strategy, governance, employees, integration, the TNT Express brand and retention matters described above, as well as other matters. These non-financial covenants will apply for three years following commencement of the Offer. FedEx and TNT Express have very similar corporate cultures and values which will govern the future success of the combined companies. The strong balance sheet of the combined companies will provide capital for TNT Express’ business, creating further efficiencies and new opportunities going forward.

The companies will be integrated. In order to facilitate such integration, an Integration Committee will be established that will determine the integration plans, monitor their implementation and do all things necessary to successfully optimize the integration of the combined companies. Messrs. Gunning and De Vries will be members of the Integration Committee for TNT Express. Recognizing the significant value of TNT Express’ operations, infrastructure, people and expertise in Europe, Amsterdam/Hoofddorp will become the European regional headquarters of the combined companies. Liege will be maintained as a significant operation for the group going forward. In addition, TNT Express’ operations as a European air carrier will be divested to address applicable airline ownership regulations. Where permitted by regulation, FedEx intends to transition TNT Express’ intercontinental air operations to FedEx.

FedEx will allow the combined companies to continue their leadership in sustainable development. The brand name of TNT Express will be maintained for an appropriate period. FedEx and TNT Express will ensure that the TNT Express group will remain prudently financed, including with respect to the level of debt, to safeguard business continuity and to support the success of the business.

Acquisition of 100%
FedEx’s willingness to pay the Offer Price is predicated on the acquisition of 100% of TNT Express Shares. FedEx and TNT Express anticipate that full integration of FedEx and TNT Express will deliver substantial operational, commercial, organizational and financial benefits which could not be fully achieved if TNT Express were to continue as a standalone entity with a minority shareholder base.

If FedEx acquires 95% of the Shares, FedEx intends to delist TNT Express from Euronext Amsterdam promptly and intends to initiate the statutory squeeze-out proceedings to obtain 100% of the Shares. If FedEx acquires less than 95% but at least 80% of the Shares, FedEx intends to acquire the entire business of TNT Express at the same price as the Offer Price pursuant to an asset sale, combined with a liquidation of TNT Express, to deliver such consideration to the remaining TNT Express shareholders (the Asset Sale and Liquidation). The Asset Sale and Liquidation is subject to TNT Express Extraordinary General Meeting (EGM) approval. The Boards have agreed to unanimously recommend to the shareholders to vote in favor of the Asset Sale and Liquidation.
FedEx may utilize all other available legal measures in order to acquire full ownership of TNT Express’ outstanding Shares and/ or its business in accordance with the terms of the Merger Protocol.

Pre-Offer and Offer Conditions
The commencement of the Offer is subject to the satisfaction or waiver (either in whole or in part) of pre-offer conditions customary for a transaction of this kind, including:
1 no material adverse effect having occurred and is continuing;
2 no material breach of the Merger Protocol having occurred;
3 the Dutch Authority for the Financial Markets (AFM) having approved the offer memorandum;
4 no revocation or amendment of the recommendation by the Boards;
5 no Superior Offer (as defined below) having been agreed upon by the third-party offeror and TNT Express, or having been launched;
6 no third party being obliged and has announced to make, or has made a mandatory offer pursuant to Dutch law for consideration that is at least equal to the Offer Price, or in connection with which no preference shares in the capital of TNT Express are outstanding;
7 no order, stay, injunction, judgement or decree having been issued by any court, arbitral tribunal, government, governmental authority, antitrust authority or other regulatory or administrative authority prohibiting the making or consummation of the transaction;
8 no notification having been received from the AFM stating that the preparations of the Offer are in breach of the Dutch offer rules;
9 trading in TNT Express’ shares on Euronext Amsterdam not having been suspended or ended as a result of a listing measure; and
10 the Stichting Continuïteit TNT Express (Foundation) not having exercised its call option to have preference shares in the capital of TNT Express issued to it, or the Foundation having exercised that call option in circumstances where such exercise is neither (i) detrimental to FedEx or (ii) in connection with a mandatory offer pursuant to Dutch law for all Shares by a third-party unrelated to FedEx.
If and when made, the consummation of the Offer will be subject to the satisfaction or waiver (either in whole or in part) of the following Offer conditions:
1 minimum acceptance level of at least 95% of Shares, which will be reduced to 80% in the event shareholder resolutions allowing an Asset Sale and Liquidation are passed at the EGM and the Offer conditions below are satisfied, provided, however, that FedEx may waive, to the extent permitted by applicable laws and regulations, the minimum acceptance level condition (either in whole or in part) without the consent of TNT Express if the acceptance level is 65% or more;
2 competition clearances having been obtained;
3 no material adverse effect having occurred;
4 no material breach of the Merger Protocol having occurred;
5 no revocation or amendment of the recommendation by the Boards;
6 no recommended Superior Offer (as defined below) having been agreed upon by the third-party offeror and TNT Express, or having been launched;
7 no third party being obliged and has announced to make, or has made a mandatory offer pursuant to Dutch law, for consideration that is at least equal to the Offer Price, or in connection with which no preference shares in the capital of TNT Express are outstanding;
8 no governmental or court order having been issued prohibiting the consummation of the transaction;
9 no notification having been received from the AFM stating that the preparations of the Offer are in breach of the Dutch offer rules;
10 trading in TNT Express’ shares on Euronext Amsterdam not having been suspended or ended as a result of a listing measure; and
11 the Foundation not having exercised its call option to have preference shares in the capital of TNT Express issued to it, or the Foundation having exercised that call option in circumstances where such exercise is neither (i) detrimental to FedEx or (ii) in connection with a mandatory offer pursuant to Dutch law for all Shares by a third-party unrelated to FedEx and the Foundation having agreed to terminate the Foundation call option agreement effective as per the Settlement, subject only to the Offer being declared unconditional (gestanddoening).
On termination of the Merger Protocol by FedEx on account of a material breach of the Merger Protocol by TNT Express or in case of a Superior Offer (as described below), TNT Express will forfeit a gross €45 million termination fee to FedEx.
On termination of the Merger Protocol by TNT Express on account of a material breach of the Merger Protocol by FedEx, the competition clearance not having been obtained, or FedEx failing to commence or pursue the Offer despite all conditions having been made satisfied or waived, FedEx will forfeit a gross €200 million reverse termination fee to TNT Express.
The foregoing termination fees are without prejudice to each party’s rights under the Merger Protocol to demand specific performance.
Superior Offer
FedEx and TNT Express may terminate the Merger Protocol in the event a bona fide third-party offeror makes an offer which, in the reasonable opinion of the Boards, is substantially more beneficial offer than FedEx’s offer, also taking into account conditionality, certainty, timing and non-financial covenants, which exceeds the Offer Price by at least 8% and is launched or is committed to be launched within eight weeks (a Superior Offer).
In the event of a Superior Offer, FedEx will be given the opportunity to match such offer, in which case the Merger Protocol may not be terminated by TNT Express. As part of the agreement, TNT Express has entered into customary undertakings not to solicit third party offers.
Indicative Timetable
FedEx and TNT Express will seek to obtain all necessary approvals and competition clearances as soon as practicable. The required advice and consultation procedures with TNT Express Central Works Council, European Works Council and unions will be commenced immediately.
FedEx and TNT Express are confident that FedEx will secure all relevant completion approvals as soon as practicable. The combination of FedEx and TNT Express is not expected to raise antitrust concerns, principally as a result of the strengths of competitors in relevant markets.
It is FedEx’s intention to submit a request for approval of its Offer document to the AFM within six weeks from today and to publish the Offer memorandum shortly after approval of the AFM, in accordance with the applicable statutory timetable.
TNT Express will hold the EGM at least 10 business days before closing of the Offer period in accordance with Section 18 Paragraph 1 of the Decree to inform the TNT Express shareholders about the Offer. The TNT Express shareholders shall be requested to (i) resolve on amendment of the TNT Express Articles of Association, (ii) accept the resignation of the resigning members of the Boards, provide discharge to each member of the Boards and appoint the new members to the Boards and (iii) approve the Asset Sale and Liquidation and conversion of TNT Express into a BV.
A position statement providing further information to the TNT Express shareholders in accordance with Article 18, Paragraph 2 of the Decree shall be timely made available by TNT Express. Based on the required steps and subject to the necessary approvals, FedEx and TNT Express anticipate that the Offer will close in the first half of calendar year 2016.

Transaction Advisors
In connection with the transaction, FedEx’s financial advisor is J.P. Morgan Securities LLC, and its legal advisors are NautaDutilh N.V. and Baker & McKenzie. On behalf of TNT Express, Goldman Sachs International and Lazard are acting as financial advisors and Allen & Overy LLP (Amsterdam) is acting as legal advisor.

Notice to US holders of TNT Express Shares
The Offer will be made for the securities of TNT Express, a public limited liability company incorporated under Dutch Law, and is subject to Dutch disclosure and procedural requirements, which are different from those of the United States. The Offer will be made in the United States in compliance with Section 14(e) of the U.S. Securities Exchange Act of 1934, as amended (the U.S. Exchange Act), and the rules and regulations promulgated thereunder, including Regulation 14E, and may be subject to the exemptions provided by Rule 14d-1 (d) under the U.S. Exchange Act and otherwise in accordance with the requirements of Dutch law. Accordingly, the Offer will be subject to certain disclosure and other procedural requirements, including with respect to the Offer timetable and settlement procedures that are different from those applicable under U.S. domestic tender offer procedures and laws.

The receipt of cash pursuant to the Offer by a U.S. holder of TNT Express Shares may be a taxable transaction for U.S. federal income tax purposes and under applicable state and local, as well as foreign and other tax laws. Each holder of TNT Express Shares is urged to consult his independent professional advisor immediately regarding the tax consequences of acceptance of the Offer.
It may be difficult for U.S. holders of TNT Express Shares to enforce their rights and claims arising out of the U.S. federal securities laws, since TNT Express is located in a country other the United States, and some or all of its officers and directors may be residents of country other than the United States. U.S. holders of TNT Express Shares may not be able to sue a non-U.S. company or its officers or directors in a non-U.S. court for violations of U.S. securities laws. Further, it may be difficult to compel a non-U.S. company and its affiliates to subject themselves to a U.S. court’s judgment.
To the extent permissible under applicable law or regulation, including Rule 14e-5 of the US Exchange Act, in accordance with normal Dutch practice. FedEx and its affiliates or broker (acting as agents for FedEx or its affiliates, as applicable) may from time to time after the date hereof, and other than pursuant to the Offer, directly or indirect purchase, or arrange to purchase, ordinary shares of TNT Express that are the subject of the Offer or any securities that are convertible into, exchangeable for or exercisable for such shares. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. In no event will any such purchases be made for a price per share that is greater than the Offer price. To the extent information about such purchases or arrangements to purchase is made public in The Netherlands, such information will be disclosed by means of a press release or other means reasonably calculated to inform U.S. shareholders of TNT Express of such information. No purchases will be made outside the Offer in the United States by or on behalf of FedEx. In addition, the financial advisors to FedEx may also engage in ordinary course trading activities in securities of TNT Express, which may include purchases or arrangements to purchase such securities.

The distribution of this press release may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, FedEx and TNT Express disclaim any responsibility or liability for the violation of any such restrictions by any person. Any failure to comply with these restrictions may constitute a violation of the securities laws of that jurisdiction. Neither FedEx, nor TNT Express, nor any of their advisors assumes any responsibility for any violation by any of these restrictions. Any TNT Express shareholder who is in any doubt as to his or her position should consult an appropriate professional advisor without delay. This announcement is not to be published or distributed in or to Canada or Japan.
The information in the press release is not intended to be complete. This announcement is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities or investment advice or an inducement to enter into investment activity. This announcement does not constitute an offer to sell or the solicitation of an offer to buy or acquire the securities of TNT Express in any jurisdiction.

Forward Looking Statements
Certain statements in this press release may be considered “forward-looking statements,” such as statements relating to the impact of this transaction on FedEx and TNT Express. Forward-looking statements include those preceded by, followed by or that include the words “anticipated,” “expected” or similar expressions. These forward-looking statements speak only as of the date of this release. Although FedEx and TNT Express believe that the assumptions upon which their respective financial information and their respective forward-looking statements are based are reasonable, they can give no assurance that these forward-looking statements will prove to be correct. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, receipt of regulatory approvals without unexpected delays or conditions, FedEx’s ability to successfully operate TNT Express without disruption to its other business activities, FedEx’s ability to achieve the anticipated results from the acquisition of TNT Express, the effects of competition (in particular the response to the transaction in the marketplace), economic conditions in the global markets in which FedEx and TNT Express operate, and other factors that can be found in FedEx’s and its subsidiaries’ and TNT Express press releases and public filings.
Neither FedEx nor TNT Express, nor any of their advisors, accepts any responsibility for any financial information contained in this press release relating to the business, results of operations or financial condition of the other or their respective groups. Each of FedEx and TNT Express expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.