Global Freight Forwarding 2010

An analysis of the global freight forwarding industry

including market sizing, forecasts, trends, trade flows and
profiles of the key market players

Price: 995
pages: 210
TIGFF1008

Global Freight Forwarding 2010

How did the Global Freight Forwarding Industry perform in 2009?
The Freight Forwarding industry went into freefall
in 2009 as global manufacturers and retailers
struggled to cope with a huge inventory overhang,
causing them to severely cut back on orders from
Asian suppliers.
Shipping lines and air cargo operators were left with
enormous over-capacityresulting in plummeting
rates. The consequences of falling volumes and rates
left most forwarders desperately cutting overhead,
although some were able to benefit from increased
gross margin due to their increased buying power in the
market.
All regions were affected, but none as badly as Europe
and North America. Asia, buoyed by Chinas massive
inward investment stimulus package, fared better than
the rest of the world. Asianand to a lesser extent
African and South American exporters became more
focused around the Chinese market.

...And in 2010?
By the end of 2009 the environment had already
started to change. A stronger peak shipping season
continued through to the Chinese New Year and

beyond. Lack of capacity has now become the main

issue, with forwarders starting to complain that they are
being squeezed by high carrier rates. Within the space
of the year the market has turned a full 180 degrees.
Global Freight Forwarding 2010 brings you up to
date with the state of the present market, and
provides a retrospective of 2009. With market
sizings for all the major regions brought right up to
the end of the first half of 2010, this report is critical
to understand the full extent of the vagaries of the
market.

What will you learn from Global Freight Forwarding 2010?

Europe (including Central & Eastern Europe)

Asia Pacific
North America
South America
Middle East
Africa

The report contains air and sea freight forwarding

market sizing and forecasts for 40 individual
countries including all major and developing economies.
These include USA, Canada, Mexico; EU-15 plus Norway
and Switzerland; China, Japan, India, South Korea plus
many more.
The latest edition of Global Freight Forwarding 2010
contains analysis of:

It also includes an update on all in the major regions

in the first half of 2010, providing growth rates for both
the air cargo and sea freight forwarding markets.

The state of the air and sea forwarding market

Key trends and developments in 2009 and the first
half of 2010
The structure and drivers of the market and their
implications for the future of the market

In addition the report provides market shares for the

leading players and ranking of the largest air and sea
freight forwarders in terms of revenues, air tonnage and
teus shipped.

In addition, the report contains market sizing and 5 year

forecasts by sector (air and sea) for the following
regions:

Finally, the report contains profiles of all the leading

freight forwarders providing financial, operational and
strategic insight of the key players.
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Global Freight Forwarding 2010

Market share, size and forecasts
Global Freight Forwarding 2010 includes market sizes,
growth rates and forecasts by air and sea sectors
broken down regionally (North America, South America,
Europe, Middle East, Africa and Asia Pacific) and by the
leading country markets.
In addition, the report contains an exclusive and wholly
independent source of market share figures. The
report ranks the leading players in the total freight
forwarding market as well as those in the individual air
and sea freight sectors by air tonnage, teus shipped
and by revenue. For the first time, Ti has made
estimates of how the global container market is
proportioned by teu amongst the major trade lanes.
2009 market growth rates in the Global Air
Freight Forwarding Sector

Crucial in this highly volatile market are market

growth figures which give you a right-up-to-theminute view of how the market is performing in
2010.

Company profiles
The report contains profiles of all the leading global
freight forwarders and includes analysis of interim
financials from 2010 as well as full year 2009 reports.
Information on these companies includes:

Background
Financial data and analysis
Operations and services
Strategy

Companies covered include:

Agility, CEVA, CH Robinson, Damco, DHL Global
Forwarding, DSV, Expeditors, Geodis, Hellmann
Worldwide, Kerry Logistics, Kintetsu Worldwide
Express, Kuehne + Nagel,
Nippon Express,
Panalpina, Pantos, Rhenus, SDV, Schenker,
Sinotrans, UTi Worldwide, UPS SCS.

Kuehne + Nagel Sea Freight Finances

How to buy Global Freight Forwarding 2010

Global Freight Forwarding 2010, price 995, can be purchased from the Transport Intelligence website:
http://www.transportintelligence.com
or by contacting Mike Nordmann on:
+44 (0)1793 850025
Alternatively you can email him on mnordmann@transportintelligence.com

Global Freight Forwarding 2010

Contents Page
About Transport Intelligence.................................................................................................................2
Contents Page ........................................................................................................................................3
Table and Figure List .............................................................................................................................6
1.0

Preface: market update and outlook...................................................................................11

2.0

Market Size & Forecasts.......................................................................................................19

2.1

Global Freight Forwarding Market Growth..............................................................................19

2.2

Global Freight Forwarding Market Forecast ...........................................................................23

2.2.1

Worlds Largest Freight Forwarders...................................................................................26

2.2.2

Market Share......................................................................................................................27

2.3

Global Air Freight Forwarding .................................................................................................28

2.3.1

Air Freight Market Size ......................................................................................................28

2.3.2

Air Freight Forwarding Market Forecast ............................................................................31

2.3.3

Worlds Largest Air Freight Forwarders (by revenue m)..................................................34

2.3.4

Worlds Largest Air Freight Forwarders (by tons) ..............................................................36

2.4

Global Sea Freight Forwarding ...............................................................................................38

2.4.1

Sea Freight Market Size ....................................................................................................38

2.4.2

Sea Freight Forwarding Market Forecast ..........................................................................41

2.4.3

Worlds Largest Sea Freight Forwarders (by revenue m)................................................44

2.4.4

Worlds Largest Sea Freight Forwarders (TEUs)...............................................................46

2.4.5

Sea Freight Market: Regional Trade in Teus % to Total Trade .........................................48

2.5

Europe: Freight Forwarding Market Size & Growth ................................................................50

2.6

Asia Pacific: Freight Forwarding Market Size & Growth .........................................................54

2.7

North America: Freight Forwarding Market Size & Growth.....................................................58

2.8

South America: Freight Forwarding Market Size & Growth ....................................................62

2.9

Middle East: Freight Forwarding Market Size & Growth.........................................................66

3.0

Company Profiles..................................................................................................................68

3.1

Agility.......................................................................................................................................68

3.1.1

Finances.............................................................................................................................68

3.1.2

Operations..........................................................................................................................72

3.1.3

Strategy..............................................................................................................................74

3.2

CEVA.......................................................................................................................................75

3.2.1

Finances.............................................................................................................................75

3.2.2

Operations..........................................................................................................................80

3.2.3

Strategy..............................................................................................................................81

3.3

Damco .....................................................................................................................................82

3.3.1

Finances.............................................................................................................................82

3.3.2

Operations..........................................................................................................................83

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3.3.3
3.4

Strategy..............................................................................................................................85
DB Schenker Logistics ............................................................................................................86

3.4.1

Finances.............................................................................................................................86

3.4.2

Operations..........................................................................................................................90

3.4.3

Strategy..............................................................................................................................92

3.5

DHL Global Forwarding...........................................................................................................93

3.5.1

Finances.............................................................................................................................93

3.5.2

Operations....................................................................................................................... 100

3.5.3
3.6

Strategy........................................................................................................................... 102
DSV ...................................................................................................................................... 103

3.6.1

Finances.......................................................................................................................... 103

3.6.2

Operations....................................................................................................................... 109

3.6.3

Strategy........................................................................................................................... 111

3.7

Expeditors International ....................................................................................................... 112

3.7.1

Finances.......................................................................................................................... 112

3.7.2

Operations....................................................................................................................... 115

3.7.3
3.8

Strategy........................................................................................................................... 116
Hellman Worldwide Logistics ............................................................................................... 117

3.8.1

Finances.......................................................................................................................... 117

3.8.2

Operations....................................................................................................................... 124

3.8.3

Strategy........................................................................................................................... 126

3.9

Kerry Logistics Network ....................................................................................................... 127

3.9.1

Finances.......................................................................................................................... 127

3.9.2

Operations....................................................................................................................... 130

3.9.3
3.10

Strategy........................................................................................................................... 132
Kintetsu World Express........................................................................................................ 133

3.10.1

Finances.......................................................................................................................... 133

3.10.2

Operations....................................................................................................................... 137

3.10.3

Strategy........................................................................................................................... 139

3.11

Kuehne + Nagel ................................................................................................................... 140

3.11.1

Finances.......................................................................................................................... 140

3.11.2

Operations....................................................................................................................... 146

3.11.3
3.12

Strategy........................................................................................................................... 148
Nippon Express.................................................................................................................... 150

3.12.1

Finances.......................................................................................................................... 150

3.12.2

Operations....................................................................................................................... 153

3.12.3

Strategy........................................................................................................................... 155

3.13

Panalpina ............................................................................................................................. 157

3.13.1

Finances.......................................................................................................................... 157

3.13.2

Operations....................................................................................................................... 163

3.13.3
3.14

Strategy........................................................................................................................... 166
Pantos Logistics ................................................................................................................... 167

3.14.1

Finances.......................................................................................................................... 167

3.14.2

Operations....................................................................................................................... 169

3.14.3

Strategy........................................................................................................................... 170

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3.15

Rhenus AG........................................................................................................................... 171

3.15.1

Finances.......................................................................................................................... 171

3.15.2

Operations....................................................................................................................... 172

3.15.3

Strategy........................................................................................................................... 173

3.16

SDV Logistique Internationale ............................................................................................. 174

3.16.1

Finances.......................................................................................................................... 174

3.16.2

Operations....................................................................................................................... 179

3.16.3

Strategy........................................................................................................................... 181

3.17

Sinotrans Limited ................................................................................................................. 183

3.17.1

Finances.......................................................................................................................... 183

3.17.2

Operations....................................................................................................................... 185

3.17.3

Strategy........................................................................................................................... 186

3.18

SNCF Geodis ....................................................................................................................... 187

3.18.1

Finances.......................................................................................................................... 187

3.18.2

Operations....................................................................................................................... 190

3.18.3

Strategy........................................................................................................................... 192

3.19

UPS SCS ............................................................................................................................. 194

3.19.1

Finances.......................................................................................................................... 194

3.19.2

Operations....................................................................................................................... 198

3.19.3

Strategy........................................................................................................................... 199

3.20

UTi Worldwide...................................................................................................................... 202

3.20.1

Finances.......................................................................................................................... 202

3.20.2

Operations....................................................................................................................... 208

3.20.3

Strategy........................................................................................................................... 209

Appendix 1 Latest results.............................................................................................................. 210

Contact Transport Intelligence ........................................................................................................ 218

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Table and Figure List

1.0

Preface: market update and outlook...................................................................................11

Percentage growth of volume of world merchandise exports 1965- 2009........................................11
World Merchandise Export Growth by Region (in US$ values) ........................................................12
Container Cargo Trades [US$/TEU] .................................................................................................13
Gap Ratio between Supply and Demand..........................................................................................13
Ocean Freight Rates vs Gross Profit/TEU (y/y in %) ........................................................................15
Market Size: Interim H1 2010 Sea Freight Growth Comparison with 2009 ......................................16
Market Size: Interim H1 2010 Air Freight Growth Comparison with 2009 ........................................17

2.0

Market Size & Forecasts.......................................................................................................19

2.1

Global Freight Forwarding Market Growth..............................................................................19

Global Freight Forwarding Market Size and Growth [m].................................................................19

Global Freight Forwarding Market by Sector [m] ............................................................................20
Global Freight Forwarding Market Size by Region [m] ...................................................................21
Global Freight Forwarding Market Growth Rates by Region [%] ......................................................22
2.2

Global Freight Forwarding Market Forecast ...........................................................................23

Global Freight Forwarding Market Forecast 2013 [m] ....................................................................23

Global Freight Forwarding : Regional Market Forecast CAGR 2009-2013 [%] ................................24
Global Freight Forwarding: Regional Market Forecast 2013 [m] ....................................................25
Global Freight Forwarding : World's Largest Freight Forwarders 2009 [m] ....................................26
2.3

Global Air Freight Forwarding .................................................................................................28

Global Freight Forwarding: Air Freight Market Size [m]..................................................................28

Global Freight Forwarding: Air Freight Market Size by Region [m].................................................29
Global Freight Forwarding: Air Freight Market Growth Rate by Region [%] .....................................30
Global Freight Forwarding: Air Freight Forecast 2013 [m]..............................................................31
Global Freight Forwarding: Air Freight Market Forecast by Region CAGR [%]................................32
Global Freight Forwarding: Air Freight Market Forecast by Region 2013 [m] ................................33
Global Freight Forwarding: World's Largest Air Freight Forwarders 2009 [m]................................34
Global Freight Forwarding: World's Largest Air Freight Forwarders (tons) 2009 [mton] ..................36
2.4

Global Sea Freight Forwarding ...............................................................................................38

Global Freight Forwarding: Sea Freight Market Size [m]................................................................38

Global Freight Forwarding: Sea Freight Market Size by Region [m]...............................................39
Global Freight Forwarding: Sea Freight Market Growth Rate by Region [%] ...................................40
Global Freight Forwarding: Sea Freight Forecast 2013 [m]............................................................41
Global Freight Forwarding: Sea Freight Market Forecast by Region 2013 [m] ..............................43
Global Freight Forwarding: World's Largest Sea Freight Forwarders 2009 [m]..............................44
Global Freight Forwarding: World's Largest Sea Freight Forwarders (teus) 2009 [mTeu] ...............46
Sea Freight Market: Regional Trade in Teus % to Total Trade ........................................................49
2.5

Europe: Freight Forwarding Market Size & Growth ................................................................50

Europe: Freight Forwarding Market Size & Growth [m] ..................................................................50

Europe: Freight Forwarding Market Size by Country [m]................................................................51
Europe: Freight Forwarding Market Forecast to 2013 [m] ..............................................................52

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Global Freight Forwarding 2010

Europe Freight Forwarding growth rate and forecast [m] ...............................................................53

2.6

Asia Pacific: Freight Forwarding Market Size & Growth .........................................................54

Asia Pacific: Freight Forwarding Market Size & Growth [m] ...........................................................54
Asia Pacific: Freight Forwarding Market Size by Country [m].........................................................55
Asia Pacific: Freight Forwarding Market Forecast to 2013 [m] .......................................................56
Asia Pacific Freight Forwarding growth rate and forecast [m] ........................................................57
2.7

North America: Freight Forwarding Market Size & Growth.....................................................58

North America: Freight Forwarding Market Size & Growth [m].......................................................58

North America: Freight Forwarding Market Size by Country [m] ....................................................59
North America: Freight Forwarding Market Forecast 2013 [m].......................................................60
North America Freight Forwarding growth rate and forecast [m] ....................................................61
2.8

South America: Freight Forwarding Market Size & Growth ....................................................62

South America: Freight Forwarding Market Size & Growth [m] ......................................................62
South America: Freight Forwarding Market Size by Country [m]....................................................63
South America: Freight Forwarding Market Forecast 2013 [m] ......................................................64
South America Freight Forwarding growth rate and forecast [m] ...................................................65
2.9

Middle East: Freight Forwarding Market Size & Growth.........................................................66

Middle East: Freight Forwarding Market Size & Growth [m] ...........................................................66
Middle East: Freight Forwarding Market Forecast 2013 [m] ...........................................................67
3.0

Company Profiles..................................................................................................................68

3.1

Agility.......................................................................................................................................68

Agility Finances: Total [KWDm].........................................................................................................69

Agility Finances: Revenue by Business Segment [KWDm] ..............................................................71
Agility Finances: Revenue by Geographic Location [KWDm] ...........................................................71
Agility Global Network .......................................................................................................................73
3.2

CEVA.......................................................................................................................................75

CEVA Finances: Total [m] ...............................................................................................................76

CEVA Finances: Revenue by Business Segment [m] ....................................................................77
CEVA Finances: Revenue by Geographic Location [m] .................................................................78
CEVA Finances: Freight Management [m]......................................................................................79
3.3

Damco .....................................................................................................................................82

Damco Finances: Total [US$m] ........................................................................................................83

Operations Overview (2009) .............................................................................................................83
Operations: Sea Freight & Air Freight Volumes ................................................................................84
Operations: Consolidation and Freight Management (TEU).............................................................84
3.4

DB Schenker Logistics ............................................................................................................86

DB Deutsche Bahn AG Finances: Group Total [m].........................................................................87

DB Schenker Logistics Finances: Total [m] ....................................................................................88
DB Schenker Logistics Finances: Revenue by Business Segment [m]..........................................89
Organisation Structure ......................................................................................................................90
Operations: Sea Freight & Air Freight Volumes ................................................................................91
3.5

DHL Global Forwarding...........................................................................................................93

Deutsche Post DHL Finances: Total Group [m] ..............................................................................94

DHL Global Forwarding/ Freight Finances: Total [m]......................................................................95

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DHL Global Forwarding/ Freight Finances: Global Forwarding [m] ................................................96

DHL Global Forwarding/Freight Finances: Revenue by Business Segment [m] ............................97
DHL Global Forwarding/ Freight Finances: Air Freight [m] .............................................................98
DHL Global Forwarding/ Freight Finances: Ocean Freight [m].......................................................99
DHL Global Forwarding / Freight Operations................................................................................. 100
Business Units and Products ......................................................................................................... 100
Operations: DHL Global Forwarding Volumes ............................................................................... 101
3.6

DSV ...................................................................................................................................... 103

DSV Finances: Total [DKKm] ......................................................................................................... 104

DSV Finances: Revenue by Business Segment [DKKm] .............................................................. 105
DSV Finances: Revenue by Geographic Region [DKKm] ............................................................. 106
DSV Finances: Air & Sea [DKKm].................................................................................................. 107
DSV Finances: Air & Sea Revenue by Geographic Region % to Total [DKKm]............................ 108
Global Transport & Logistics Network............................................................................................ 110
Operations: Sea Freight & Air Freight Volumes ............................................................................. 111
3.7

Expeditors International ....................................................................................................... 112

Expeditors Finances: Total [US$m]................................................................................................ 113

Expeditors Finances:Revenue by Business Segment [US$m] ...................................................... 114
Expeditors Finances: Revenue by Geographic Region [US$m] .................................................... 115
3.8

Hellman Worldwide Logistics ............................................................................................... 117

Hellmann Worldwide Finances: Total [m]..................................................................................... 118

Hellmann Worldwide Finances: Revenue by Business Segment [m] .......................................... 118
Hellmann Worldwide Finances: Revenue by Geography % to Total [%] ....................................... 119
Hellmann Worldwide Finances: International Revenues by New Regions [m] ............................ 120
Hellmann Worldwide Finances: European Revenue by Segment [m] ......................................... 121
Hellmann Worldwide Finances: Asian Revenue by Segment [m]................................................ 122
Hellmann Worldwide Finances: OMEA Revenue by Segment [m] .............................................. 123
Hellmann Worldwide Finances: Americas Revenue by Segment [m].......................................... 124
Hellmann: Network Map ................................................................................................................. 125
Operations: Sea Freight & Air Freight Total Volumes .................................................................... 126
3.9

Kerry Logistics Network ....................................................................................................... 127

Kerry Logistics Network Finances: Total [HK$m]........................................................................... 128

Kerry Logistics Finances: Revenue by Business Segment % to Total (New Structure) [HK$m]... 128
Kerry Logistics Finances: International Freight Forwarding (IFF) [HK$m]..................................... 129
Kerry Group Structure .................................................................................................................... 130
Global Network ............................................................................................................................... 130
3.10

Kintetsu World Express........................................................................................................ 133

Kintetsu World Express Finances: Total Group [m] ..................................................................... 134

Kintetsu World Express Finances: Revenue by Business Segment [m]...................................... 134
Kintetsu World Express Finances: Revenue by Geographic Region [m]..................................... 136
KWE's Global Network ................................................................................................................... 137
KWE's Five Regional Group Management ................................................................................... 137
Operations: Sea Freight & Air Freight Volumes ............................................................................. 138
3.11

Kuehne + Nagel ................................................................................................................... 140

Kuehne + Nagel Finances: Total Group [CHFm] ........................................................................... 141

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Kuehne + Nagel Finances: Revenue by Business Segment [CHFm]............................................ 142

Kuehne+Nagel Finances: Revenues by Geographic Region [CHFm] ........................................... 143
Kuehne + Nagel Finances: Air Freight [CHFm].............................................................................. 145
Facilities under Construction for Commissioning 2009.................................................................. 146
Operations: Sea Freight & Air Freight Volumes ............................................................................. 147
3.12

Nippon Express.................................................................................................................... 150

Nippon Express Finances: Total [m] ............................................................................................ 151

Nippon Express Finances: Distribution and Transportation Revenues [m] ................................. 151
Nippon Express Finances: Revenue by Business Segment [m].................................................. 152
Nippon Express Finances: Total Revenue by Geographic Location [m] ..................................... 153
Nippon Express: Operations Network ............................................................................................ 154
Nippon Express: Overseas Operations.......................................................................................... 154
3.13

Panalpina ............................................................................................................................. 157

Panalpina Finances: Total [CHFm] ................................................................................................ 158

Panalpina Finances: Net Forwarding Revenue by Business Segment [CHFm] ............................ 159
Panalpina Finances: Net Forwarding Revenue by Region [CHFm]............................................... 160
Panalpina Finances: Air Freight [CHFm]........................................................................................ 161
Panalpina Finances: Ocean Freight [CHFm] ................................................................................. 163
Panalpina in 6 Continents .............................................................................................................. 164
Operations: Sea Freight & Air Freight Volumes ............................................................................. 166
3.14

Pantos Logistics ................................................................................................................... 167

Pantos Logistics Finances: Total [US$m] ...................................................................................... 167

Pantos Logistics Finances: Revenue by Business Segment [US$m] ............................................ 168
Pantos Logistics Regions ............................................................................................................... 169
Operations ...................................................................................................................................... 169
Operations: Sea Freight & Air Freight Volumes ............................................................................. 170
3.15

Rhenus AG........................................................................................................................... 171

Rhenus Finances: Total [m] ......................................................................................................... 171

Rhenus Freight Logistics Overseas ............................................................................................... 172
3.16

SDV Logistique Internationale ............................................................................................. 174

Bollore Finances: Total Group [m] ............................................................................................... 175

Bollore Finances: Main Subsidiaries Revenues % to Total [m] ................................................... 176
Bollore Finances: Transportation and Logistics Revenues [m].................................................... 177
Bollore Finances: Transportation and Logistics Revenues by Business Segment [m]................ 178
Bollore Corporate Structure (2009) ................................................................................................ 179
Bollore Main Subsidiaries............................................................................................................... 180
Global Network ............................................................................................................................... 181
3.17

Sinotrans Limited ................................................................................................................. 183

Sinotrans Finances: Total [CNYm]................................................................................................. 184

Sinotrans Finances: Revenue by Business Segment [CNYm] ...................................................... 185
Operations Overview...................................................................................................................... 185
Operations: Sea Freight & Air Freight Volumes ............................................................................. 186
3.18

SNCF Geodis ....................................................................................................................... 187

Geodis Finances: Total (New Structure) [m] ................................................................................ 188

Geodis Finances: Revenue by Business Segment [m]................................................................ 189

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SNCF Geodis Structure.................................................................................................................. 190

Geodis Network Map...................................................................................................................... 191
3.19

UPS SCS ............................................................................................................................. 194

UPS Finances: Total [US$m] ......................................................................................................... 195

UPS Finances: Total Revenue by Business Segment [US$m]...................................................... 196
UPS Finances: Supply Chain and Freight [US$m]......................................................................... 197
UPS Finances: Supply Chain & Freight Revenue by Business Segment [US$m]......................... 198
UPS Global Supply Chain Network................................................................................................ 199
UPS Hubs....................................................................................................................................... 199
3.20

UTi Worldwide...................................................................................................................... 202

UTI Worldwide Finances: Total [US$m] ......................................................................................... 203

UTI Worldwide Finances: Net Revenue by Business Segment [US$m] ........................................ 205
UTI Worldwide Finances: Net Revenue by Business Segment % to Total [US$m]....................... 206
UTI Worldwide Finances: Net Revenue by Geographic Segment [US$m].................................... 207
UTI Worldwide Finances: Freight Forwarding [US$m]................................................................... 208

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