The Worldwide Project Consortium has welcomed Sphinx Egypt Ltd. Co to its specialist global logistics network.

WWPC General Manager, Kevin Stephens, based in Queensland, Australia, said today (December 11, 2006) Sphinx Egypt, with offices in Cairo and Alexandria, had more than 20 year’s experience delivering outstanding service along the important transport artery between Egypt and Europe.

Third-Party Assurances Help Customers Meet Sarbanes-Oxley and Other Regulatory Requirements

For the third consecutive year Railinc successfully completed a Statement on Auditing Standards (SAS) 70 Type II examination. More stringent than a Type I examination, the Type II exam includes detailed testing of Railinc internal controls to demonstrate that they are suitably designed and operating effectively.

TNT N.V.  announced the acquisition of ARC India Limited which operates under the trade name Speedage Express Cargo Services, one of the leading road express companies in India.
This acquisition is a key component of TNT's Focus on Networks strategy as announced in December 2005. Acquiring Speedage is in line with TNT’s strategic objective to become the leading provider of express deliveries in the emerging markets in Asia, specifically India. Combining Speedage’s strong domestic road network with TNT’s international and domestic networks will form a powerful platform for further expansion in the fast growing Indian express market.

• Geodis group operating profit increased by nearly 20%, reaching €53.1 million
• Net debt was reduced by €67.5 million relative to that of 30 June 2005
The Board of Directors of Geodis held a meeting on 29 August 2006 chaired by Pierre Blayau for the closing of the financial accounts of the first half of 2006.

TNT Freight Management has secured a large-scale global contract with Electrolux Global Logistics. Having had a cooperation within the Nordic countries, TNT will now handle all air-freight for Electrolux, from Asia to Europe, within Asia and from Europe to the rest of the world.

ProLogis announced that ProLogis European Properties (PEPR), a real estate investment fund that owns a portfolio of distribution facilities in Europe and is externally managed by a subsidiary of ProLogis, is planning an Initial Public Offering of ordinary units by certain selling unitholders on Euronext Amsterdam N.V.'s Eurolist by Euronext.

In reaction to press coverage, TNT confirms the expected net proceeds of the announced sale of its logistics activities to lie between € 1.2 billion and € 1.3 billion at completion. A further description on the basis of what has been stated and explained on announcement is summarised below:

NYK Logistics (Scandinavia) has just moved to a new centrally located purpose built 27,000m² Scandinavian Distribution Centre (SDC) in Gothenburg.
This new warehouse brings together NYK's logistics activities in one 260,000m³ facility which incorporates high bay racks as well as narrow and broad aisles. The large mezzanine floor is ideal for pick and pack activities. In addition, the site benefits from 24 hour class 2 security, including electric fencing.