TABLE OF CONTENTS
Table of Contents 2
Executive Summary 7
Industry analysis 7
Industry definition 7
Research highlights 7
Market Value 8
Market Segmentation—Geography 9
Five Forces Analysis 10
Summary 10
Buyer power 11
Supplier power 12
New entrants 13
Substitutes 14
Rivalry 15
Top 10 Companies Landscape 16
Revenue analysis 20
Financial performance analysis 22
Company Reports 26
Deutsche Post DHL 26
United Parcel Service, Inc. 33
Deutsche Bahn AG 40
FedEx Corporation 47
Kuehne + Nagel International AG 54
TNT N.V. 60
CEVA Group Plc 66
C.H. Robinson Worldwide, Inc. 72
Panalpina World Transport (Holding) Ltd. 77
Agility Logistics Co. 83
Financial Analysis 89
Deutsche Post DHL 89
United Parcel Service, Inc 92
Deutsche Bahn AG 95
FedEx Corporation 98
Kuehne + Nagel International AG 101
TNT N.V. 104
CEVA Group Plc 107
C.H. Robinson Worldwide, Inc. 110
Panalpina World Transport (Holding) Ltd. 113
Agility Logistics Co. 116
Appendix 119


TABLE OF FIGURES
Figure 1: Global logistics market, $ billion, 2004–08 8
Figure 2: Global logistics market segmentation—geography ,% share, 2008 9
Figure 3: Forces driving competition in the global logistics market 10
Figure 4: Drivers of buyer power in the global logistics market 11
Figure 5: Drivers of supplier power in the global logistics market 12
Figure 6: Factors influencing the likelihood of new entrants in the global logistics market 13
Figure 7: Factors influencing the threat of substitutes in the global logistics market 14
Figure 8: Drivers of degree of rivalry in the global logistics market 15
Figure 9: Turnover of global top 10 logistics companies, $ million, FY2008 17
Figure 10: Revenue growth of global top 10 logistics companies, 2006–08 21
Figure 11: Operating performance analysis, FY2008 23
Figure 12: Net profit analysis, FY2008 24


TABLES
Table 1: Global logistics market, $ billion, 2004–08 8
Table 2: Global logistics market segmentation—geography ,% share, 2008 9
Table 3: Turnover of global top 10 logistics companies, $ million, FY2008 16
Table 4: Revenue growth of global top 10 logistics companies, 2006–08 20
Table 5: Key financials of global top 10 logistics companies, FY2008 22
Table 6: Key industry–specific ratios 25
Table 7: Deutsche Post DHL—Financial and operational highlights, 2004–08 ($ million) 89
Table 8: Deutsche Post DHL—Key industry specific ratios, 2004–08 91
Table 9: United Parcel Service—Financial and operational highlights, 2004–08 ($ million) 92
Table 10: United Parcel Service—Key industry specific ratios, 2004–08 94
Table 11: Deutsche Bahn—Financial and operational highlights, 2004–08 ($ million) 95
Table 12: Deutsche Bahn—Key industry specific ratios, 2004–08 97
Table 13: FedEx—Financial and operational highlights, 2004–08 ($ million) 98
Table 14: FedEx—Key industry specific ratios, 2004–08 100
Table 15: Kuehne + Nagel International—Financial and operational highlights, 2004–08 ($ million) 101
Table 16: Kuehne + Nagel International—Key industry specific ratios, 2004–08 103
Table 17: TNT—Financial and operational highlights, 2004–08 ($ million) 104
Table 18: TNT—Key industry specific ratios, 2004–08 106
Table 19: CEVA—Financial and operational highlights, 2004–08 ($ million) 107
Table 20: CEVA—Key industry specific ratios, 2004–08 109
Table 21: C.H. Robinson Worldwide—Financial and operational highlights, 2004–08 ($ million) 110
Table 22: C.H. Robinson Worldwide—Key industry specific ratios, 2004–08 112
Table 23: Panalpina World Transport—Financial and operational highlights, 2004–08 ($ million) 113
Table 24: Panalpina World Transport—Key industry specific ratios, 2004–08 115
Table 25: Agility—Financial and operational highlights, 2004–08 ($ million) 116
Table 26: Agility—Key industry specific ratios, 2004–08 118