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Dec 1, 2008

T & L: MERGERS & ACQUISITIONS * WORLDWIDE

Strategic Buyers - International Deals

* Spain - 14 Nov: Ferrocarrils de la Generalitat Valenciana announced the pending acquisition of 33.3% of Logitren Ferroviaria SA for $114,000. Based in Valencia, Spain, Logitren provides freight transportation via rail.

* Spain - 16 Nov: Transportes Molinero, S.L. has acquired Transportes Frigoríficos Alfaro, S.A. ("TFA") for $7.6 million. Based in Alfaro, Spain, TFA
provides cargo transportation and logistics services.

* UK - 17 Nov: Royal Boskalis Westminster NV has acquired the remaining 50.0% of Dragamex S.A. de C.V. Dragamex provides port maintenance from its base in Coatzacoalcos, Mexico.
Terms were not disclosed.

* UK - 20 Nov: Culina Logistics Limited announced the pending acquisition of Wincanton Plc's chilled consolidation activities in the UK
. Terms were not disclosed.

* Australia - 20 Nov: ComfortDelGro Cabcharge Pty Ltd. announced the pending acquisition of Douglas Kefford Pty Ltd. for $92.4 million. Douglas Kefford provides bus transportation services in the state of Victoria, Australia.

USA Domestic Deals


* USA - 20 Nov: Landair Transport, Inc. has acquired Summit Logistics Services, Inc. Based in Knoxville, TN, Summit provides contract carriage to the bedding industry. Terms were not disclosed.

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