Integration the key to success at DSV Panalpina
The integration of Panalpina into DSV proved to be the all-important event of Q3, according to the group CEO. Releasing third quarter results, group CEO Jens Bjorn Andersen says the integration on 19 August has started well, and cost synergies are underway. About 5% of the 2.3 billion kroner of cost synergies are expected in […]
Full throttle for DSV Panalpina’s combined network
DSV Panalpina’s engine is warming up, having moved the first shipment through the combined network on Thursday 29 August. The aircraft parts were flown by DSV’s US Aerospace team on the Spirit of Panalpina from Huntsville to Luxembourg. From there, the engine parts were trucked to Airbus’ production plant in Toulouse, France, marking the first […]
Panalpina downsizes executive board
The executive board of Panalpina is being downsized with a number of senior roles being eliminated. The positions of chief commercial officer, chief legal officer, chief information officer, executive vice president airfreight and executive vice president ocean freight have gone. CCO Karl Weyeneth, CLO and corporate secretary Christoph Hess, CIO Ralf Morawietz, EVP airfreight Lucas […]
DSV Panalpina is ready for business
DSV has completed the acquisition of Panalpina today (Monday 19 August), with the Danish forwarder changing its name to DSV Panalpina. The integration of the Danish and Swiss companies is expected to take two to three years, and combining the two will have a workforce of 60,000 employees in 90 countries. Kurt Kokhauge Larsen will […]
Panalpina to enter Oman with Muscat office
Panalpina will launch operations in Oman in the third quarter of 2019, having previously been represented by an agent. The Oman office will be based in Muscat and cover core activities such as airfreight, ocean freight and customs clearance. The registration of Panalpina Oman has been completed with minority shareholder Daoud Group, a family-owned Omani […]
GDP for Panalpina’s Frankfurt logistics centre
Panalpina’s healthcare logistics centre near Frankfurt Airport has obtained Good Distribution Practice (GDP) certification, bringing the certified network to 38 locations. The Weiterstadt facility is located near the airport as well as close to major highways and Germany’s federal road infrastructure, allowing customers to shorten lead times for intra-European and global shipments. The facility, Panalpina’s […]
Panalpina stands firm as rivals chase business
Panalpina is standing firm as competitors pursue its business, with half year profits almost reaching the highs of 2018. Consolidated profits were down 5.7% to 34 million Swiss francs, driven by the airfreight sector seeing a fall in the automotive sector. Airfreight volumes were up 5% to 511,700 tonnes, primarily due to a stronger first […]
Panalpina proves it is the star of Africa
Panalpina proved it was the star of Africa by moving four heat exchangers from the US to Angola for a deep-water oil platform. The planned maintenance for the customer’s platforms in Angola was entirely dependent on the arrival of four heat exchangers from a supplier in Louisiana. All four pieces had to be on the […]
Panalpina board to resign, DSV to take over
All current members of Panalpina’s board of directors will resign as the settlement of the public exchange offer by DSV. At the Extraordinary General Meeting on 16 July, it will be proposed that four nominated executives from DSV are elected to Panalpina’s board of directors. Kurt Larsen will be elected member and chairman of the […]
When air cargo success took to the stage
In a major break from tradition, last week’s ACW World Air Cargo Award’s gala night of the airfreight stars saw the announcement of the winners of the ECS Group’s ground-breaking #NexGen Leaders industry initiative. In a second change to the proceedings, more than 10,000 voters worldwide had cast their votes in a new format where […]
Panalpina acquires Colombian perishable specialist
Panalpina has extended its Perishables Network in South America through the acquisition of Colombian company CargoMaster and its Ecuadorian subsidiary, Laseair. CargoMaster is one of Latin America’s largest companies specialising in the airfreight export of perishables, primarily sending flowers to the US but also to Europe and Asia. It was founded in 1987 and employs […]
AFKLMP teams up with WebCargo to offer dynamic prices
Air France KLM Martinair Cargo has teamed up with WebCargo to offer live rates, assess capacity and secure cargo bookings on specific flights to forwarders. Last month, a pilot between Panalpina, WebCargo and AFKLMP ushered in a new era of digital sales, and now WebCargo’s other customers can benefit from improved visibility, instant booking and […]
Airfreight profits fall while volumes grow at Panalpina
Airfreight profits at Panalpina fell by 7% in the first quarter of 2019 despite volumes growing 8%. In the first quarter of the year, Panalpina handled 259,900 tonnes of airfreight compared to 240,500 tonnes in the same period of 2018. Gross profit per ton was down 10% to 666 Swiss francs (CHF), with profit measured […]
Panalpina accepts CHF4.6b take over from DSV
DSV and Panalpina have agreed to join forces, with the Swiss firm accepting an offer of 4.6 billion Swiss francs (CHF). The public exchange offer to Panalpina shareholders has the support of those representing 69.9% of shares, including Ernst Goehner Foundation, Cevian and Artisan. If the exchange offer is successful, DSV and Panalpina will become […]
Volga-Dnepr takes helicopters down under and back
Volga-Dnepr Airlines has worked with Panalpina to help Babcock move helicopters between the UK and Australia. The objective of the move was straightforward but required precise planning and consistent coordination between all the global teams involved in the delivery of two Augusta Westland AW139 helicopters from the UK to their new home in Melbourne, Australia […]
Panalpina to hold extraordinary general meeting
Panalpina’s board of directors will hold an extraordinary general meeting on 5 April to discuss implementing One Share – One Vote. The meeting will be held at the Congress Center in Basel, Switzerland at 14.00 local time to support the motion by shareholder Ernst Goehner Foundation to implement the One Share – One Vote standard. […]
One million tonnes of airfreight for Panalpina
Panalpina has broken through the barrier of one million tonnes of airfreight for the first time in history though markets slowed later in the year. Airfreight volumes increased by 4% from 995,900 tonnes in 2017, which was a record year, to 1,038,678 tonnes in 2018, with tonnage increasing with every quarter. Gross profit per tonne […]
Panalpina looks to Agility, as DSV increases offer
DSV has increased its offer to take over Panalpina, as the Swiss company looks at partnership opportunities with Agility Logistics. The Danish firm had approached Panalpina in January with an offer of 170 Swiss francs (CHF) per share, which was rejected after Panalpina’s largest shareholder the Ernst Goehner Foundation, told the board of directors that […]
Panalpina rejects takeover bid from DSV
Panalpina has rejected a takeover bid by DSV after its largest shareholder informed the board of directors that it does not support the proposal. DSV made an unsolicited and non-binding proposal to acquire Panalpina for 170 Swiss francs per share through a mix of cash and shares on 16 January. When making the offer, DSV […]
DSV makes bid to take over Panalpina
DSV has made an unsolicited, non-binding proposal to acquire Panalpina for CHF 170 per share, through a mix of cash and DSV shares. Panalpina has confirmed it has received the offer and the board of directors is reviewing the proposals in conjunction with its professional advisers. The offer consists of 1.58 DSV shares and CHF […]
Panalpina’s “Speedy” charter loop is ready for Brexit
Panalpina says its “Speedy” loop connecting Mexico, the US and the UK is ready for Brexit, regardless of the outcome. Queretaro International Airport was added to the loop of its Charter Network in May, which also connects Mexico City and Guadalajara with Panalpina’s airfreight gateway in Huntsville. Matthias Frey, global head of the Charter Network […]
Cargolux and Panalpina win Q Rally challenge
Cargolux and Panalpina worked together to boost data quality and performance at Luxembourg Airport as part of Cargo iQ’s Q Rally and won the first stage of the challenge. The initiative challenges members to work together collecting data which focuses on improving quality in the industry, to create tangible benefits for their organisations. Cargolux and […]
LATAM Cargo connects Bogota with Huntsville
LATAM Cargo has connected Bogota, Colombia with Huntsville, Alabama in response to Panalpina’s desire to cut down travel time between South and North America. The weekly service started on 2 December, taking approximately four and a half hours and providing 50 tonnes of cargo capacity per flight. LATAM Cargo Group chief executive officer, Andres Bianchi […]
Panalpina doubles cold storage at Nairobi airport
Panalpina is expanding and investing in Kenya by doubling its cold storage space at Nairobi’s Jomo Kenyatta International Airport. The facilities have been expanded by 1,500 square metres and features dedicated loading bays for skidded or palletised cargo, and separate cold rooms, which is unique to the airport. Panalpina started operations in Nairobi in 2015 […]
Peter Ulber to stand down as chairman of Panalpina
Peter Ulber will not stand for re-election as chairman of the board of Panalpina at the next Annual General Meeting on 9 May 2019. The company’s compensation and nominated committee, headed by Thomas Kern will conduct a thorough and expeditious search for a new independent chairman. Ulber says: “This decision is in the best interest […]
Panalpina earns GDP for Singapore logistics centre
Panalpina has obtained Good Distribution Practice (GDP) certification for its logistics centre in Singapore, making it the 32nd GDP certified location. The certificate was issued by Singapore’s Health Sciences Authority (HSA), having demonstrated compliance with HSA GDP guidelines. With the certificate, Panalpina is authorised to store, handle and distribute medicines in the local market and […]
Economic uncertainty affects Panalpina profits
Nine month profits at Panalpina broke through the 50 million Swiss franc (CHF) mark with the airfreight sector performing well but not as strong as predicted. Consolidated profits increased from CHF 48.4 million in 2017 to CHF 51 million this year, with net forwarding revenue for the Panalpina Group increasing from CHF 4 billion to […]
Panalpina adds air, ocean and logistics to its executive board
Panalpina is enlarging its executive board to include airfreight, ocean freight and logistics, and has given Lucas Kuehner a promotion. Chief executive officer Stefan Karlen says: “Our company has ambitious growth targets for the coming years and a clearly defined plan for reaching them. Our three products – air freight, ocean freight, and logistics and […]
Panalpina fills LATAM’s Sao Paulo to Lisbon service
LATAM Cargo’s service between Lisbon and Sao Paulo got off to a flying start with more than six tonnes of cargo from Panalpina. The Boeing 767 passenger service started on 3 September, providing five frequencies a week between Sao Paulo Guarulhos Airport and Lisbon’s Humberto Delgado Airport, providing a link between South America and the […]
Panalpina awarded GDP certification in Bogota
Panalpina Bogota has been certified to WHO Good Distribution Practice (GDP), the company’s 31st location to obtain the standard for distribution of medical products for human use. The unit in Colombia’s capital completed a two-day audit by inspection, verification, testing and certification company SGS. Colombia is Latin America’s fourth largest pharmaceutical market after Brazil, Mexico […]
