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 […]
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 […]
Former Cargolux CEO to join Panalpina board of directors
Former Cargolux Airlines International chief executive officer, Dirk Reich is to join Panalpina’s board of directors. The board of directors are proposing to elect the 54-year old dual German and Swiss national at its annual general meeting on 3 May, where he would succeed Roger Schmid, who is not standing for re-election. All other board […]
Airfreight volume rise of 8% for Panalpina
Panalpina’s airfreight volumes increased eight per cent in the first six months of 2016, while it says the market decreased by an estimated three per cent. The freight forwarder says volumes from acquired companies accounted for six per cent of air cargo growth and it saw higher volumes in the perishables sector, but lower volumes […]
Peter Ulber elected Panalpina chairman
Peter Ulber has been elected Panalpina chairman, succeeding Dr Rudolf Hug, who is retiring. Ulber was confirmed as chairman by the board of directors, succeeding Hug, who had been chairman since 2007 and did not stand for re-election due to age limitations. Ulber will continue as chief executive officer until 1 September when his designated […]
Panalpina profits increase despite airfreight weakness
Panalpina has seen profits increase to 88.2 million Swiss francs ($88.4 million) despite weakness in the airfreight division. The company profit increased from 86.5 million Swiss francs in 2014, despite revenue falling from 6.7 billion Swiss francs to 5.8 billion Swiss francs in 2015. Panalpina’s airfreight volumes fell by 2.5 per cent to 836,200 tonnes, […]
Panalpina transports UNICEF aid to Burundi
Panalpina has transported 70 tonnes of medical care goods to Burundi for UNICEF as the East African country plunges into another violent crisis. The shipment included antibiotics, analgesics, infusion sets and hospital equipment, provided by UNICEF and flown on a charter flight to Burundi’s capital, Bujumbura. The violence started in April when the president, Pierre […]
