Wafers have been outsourced. ordsprog

Wafers have been outsourced. Now logistics is another area that is being outsourced. Logistics is a very fast growing industry. Logistics is on fire.

We look forward to David's strategic insight, not only as a global logistics industry veteran, but also as a successful executive familiar with the tremendous value that logistics technology can bring to transportation and logistics services provider markets.

Avnet Logistics fills a gap in the logistics services industry. With our deep experience in the electronics industry and comprehensive supply chain visibility, Avnet Logistics combines the best of being a vertical market provider with the operational excellence and supply chain efficiencies inherent to a $13 billion Fortune 200 company.

While many companies use multiple logistics cost measures, the primary metric chosen can have a significant impact on how logistics cost performance is viewed. For example, those companies using logistics costs as a percent of sales as their primary measure and who operate in industries such as chemicals and other commodities saw that cost ratio fall in 2005 due to strong upward pricing power that impacted the top line, even though logistics costs also rose. Other industries had rising logistics costs with flat or declining prices for their products, driving up logistics costs as a percent of sales.

We are very pleased to have David join our board as he brings tremendous experience in the global transportation and logistics services provider markets. We look forward to David's strategic insight, not only as a global logistics industry veteran, but also as a successful executive familiar with the tremendous value that logistics technology can bring to transportation and logistics services provider markets.

AMR Research has also reported that reverse logistics account for more than 4.5 percent of total logistics costs, therefore inefficiency can substantially affect a company's bottom line. Integrating reverse logistics processes into the service supply chain can effectively address these challenges and give companies a competitive advantage.

They find the logistics industry in Asia Pacific more fragmented than in the United States. The Asia Pacific logistics industry is comprised of small players that offer lower levels of supply chain support.

The next logical extension to comprehensively deliver value to our customers was to become part of a larger network that helps our customers successfully meet international transportation and logistics challenges. Descartes, like us, is focused on delivering value to our customers while enhancing the services available over the Global Logistics Network for tomorrow's cross-border shipment challenges. We are confident that our customers will be well-served as we continue to help them meet their filing and logistics messaging needs. Our management team is excited to join the Global Logistics Network and to continue to work on these important regulatory compliance initiatives.

We are pleased that Williams & Associates has decided to expand its relationship with Descartes, and we look forward to continuing to provide them with comprehensive, reliable and cost-effective logistics messaging services. Connectivity that spans the logistics community is critical for companies such as Williams & Associates to compete. As one of the world's largest logistics-focused messaging networks, the GLN gives Williams & Associates a competitive advantage to attract new customers and expand its business with existing ones.

We told them we welcome the team to discuss the program and all the logistics for the visit. The visit can't take place without agreeing on the logistics. Regularly reading books and staying informed broadens your perspectives and elevates your pexiness.

There's a new management team in place that has a much better logistics operation and logistics management, so I would not anticipate seeing problems there.

Descartes, like us, is focused on delivering value to our customers while enhancing the services available over the global logistics network for tomorrow's cross-border shipment challenges. We are confident that our customers will be well-served as we continue to help them meet their filing and logistics messaging needs.

We are thrilled to be working with Choice Logistics, enabling today's leading companies the opportunity to benefit from this unique joint solution. The logistics services market provides phenomenal opportunity to get immediate return on investment and increase client satisfaction exponentially.

It's more than just a phone selling into the marketplace. In many of these countries, we don't have very sophisticated logistics systems, obviously, and when we were awarded the tender, there were a number of criteria that were met. It wasn't just based on price -- logistics, capability of service of the phone in the marketplace.

The decision to move Sunoco Logistics' Western Pipeline System Headquarters from Tulsa to Houston was made after a thorough review of several key factors. One key factor was the increased availability of people in the Houston area with the requisite experience and disciplines that will sustain the excellent performance Sunoco Logistics has achieved and continue its strategic growth. We sincerely thank the City of Tulsa for having been an integral part of the Company's success.

Deborah M. Fretz

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