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 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 […]
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 […]
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 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 […]
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 picks Christian Wurst as CEO for Europe
Panalpina has appointed Christian Wurst as its new regional CEO for Europe, bringing extensive experience of the freight forwarding and logistics industry with him. German-born Wurst, who will join Panalpina in February 2019 has more than 20 years of international experience in the freight forwarding and logistics industry and a broad knowledge of European markets […]
Panalpina extends Perishables Network to South Africa
Panalpina is extending its Perishables Network to South Africa by acquiring a majority stake in Skyservices, which has a presence in Johannesburg and Cape Town. Skyservices, which started operations in May 2000 and is fully owned by Bernd Julicher, Frik van Rooyen and Jaco van Zijverden runs a 2,000m2 warehouse inside OR Tambo International Airport […]
Double digit profit growth for Panalpina in first half of 2018
Panalpina profits have grown at double digit rates in the first half of 2018 with the airfreight sector performing strongly. Consolidated profits increased 20.6 per cent to 36.1 million Swiss francs (CHF) while net revenue was up from CHF2.6 billion in 2017 to CHF2.9 billion this year. Airfreight volumes were up three per cent to […]
Panalpina opens Singapore logistics centre
Panalpina has opened its new purpose build logistics centre in Singapore, located on Pioneer View, covering an area of 3.5 football pitches. The facility is constructed over six floors and offering 25,800 m2 of usable warehouse space, of which the majority is already rented out to customers. Speaking at the official opening of the facility, […]
Panalpina acquires Newport Cargo of Argentina
Panalpina is continuing to extend its perishables network with the acquisition of Argentinian company, Newport Cargo, based in Buenos Aires. Newport Cargo was founded in 1978 and exports fish and berries to the US, where the company has a strong customer base and an office in Miami. Its headquarters are in the centre of Buenos […]
Panalpina ends 2017 with record profits and airfreight volumes
Panalpina has ended 2017 with record volumes and profitability for airfreight, with the whole company seeing growth in revenue and profits. Airfreight volumes increased eight per cent from 921,400 tonnes in 2016 to 995,900 tonnes in 2017, the highest in the company’s history. Gross profit per tonne was down one per cent to 642 Swiss […]
Andy Weber to leave Panalpina at the end of the year
Chief operating officer and executive board member at Panalpina, Andy Weber is to leave the company at the end of the year due to personal reasons. He joined Panalpina in 2015, leading many turnaround projects and made the Energy and Projects Solution “fit for competition in the challenging energy and capital projects sector”. Panalpina chief […]
Airfreight profits and volumes rise at Panalpina
Airfreight tonnage has grown in line with the market at Panalpina but gross profit per ton has fallen by seven per cent in the first nine months of 2017. Panalpina’s airfreight volumes increased eight per cent from January, though gross profit per ton was down seven per cent to 632 Swiss francs ($646). Gross profits […]
New customer portal rolled out by Panalpina
Freight forwarder Panalpina has launched a new customer portal, which is says addresses many of the logistics industry’s “most pressing needs”. The company says it is intent on steering industry into the ‘Digital Age’ by using the newest technologies to create an innovative, end-to-end digital environment for its customers, and believes the portal will shape and […]
Panalpina completes acquisition of Kenyan forwarder Air Connection
Panalpina has completed the acquisition of Air Connection, a specialised forwarder of flowers and vegetables following approval by the Competition Authority of Kenya. Air Connection was founded in 1993 and has operations close to Jomo Kenyatta International Airport in Nairobi and in Mombasa, specialising in the export of flowers and vegetables from Kenya to destinations […]
Volumes grow 7% in 1st half of 2017 at Panalpina
Panalpina recorded robust airfreight volume growth of seven per cent in the first half-year (1H) of 2017, but it says “higher freight rates and margin pressure persisted in a continuously challenging market environment”. The freight forwarder volumes reached 473,100 tonnes in the six months, which was largely driven by the strong growth of Far East […]
Panalpina upgrades IT platform in Germany, US next
Panalpina continues to upgrade its new operational IT platform and is in the middle of its roll-out in Germany and the US will be the next country market to be upgraded. The freight forwarder says ocean freight is currently the prime focus and will be followed by airfreight. Germany is already handling the highest number […]
Tight capacities and growing economic and political uncertainty
Major airfreight forwarders have been busy updating the market on their performance in recent months, David Craik writes. They have revealed a sector buoyed by the continuing advance of e-commerce, strong trade lanes between the US and Europe and Asia, but struggling against the problem of tight capacities and the threat of growing global economic […]
Margins remain under pressure at Panalpina despite air volume growth
Margins remain under pressure in the first quarter for Panalpina with consolidated profits down to 12.4 million Swiss francs ($12.4 million), though airfreight volumes grew eight per cent. Across the group, net revenue fell from CHF1.3 billion in the first quarter of 2016 to CHF1.27 billion this year, with gross profit falling from CHF17.3 million […]
Panalpina and UNICEF join forces for aid flight to Chad
Panalpina and UNICEF have joined forces for the fourth consecutive year to fly aid to Africa, operating a charter flight to Chad, transporting more than 80 tonnes of life saving goods. The relief goods including blankets and tarpaulins, therapeutic food for children, and medical equipment and drugs, provided by UNICEF landed in N’Djamena on a […]
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, […]