Panalpina publishes second integrated management report
Panalpina has published its second integrated management report, summarizing the company’s activities during 2017 in terms of business performance and sustainability.
Panalpina reports record year in Air Freight
Panalpina ended the year 2017 with strong Air Freight volumes and margins, while in the fourth quarter margin pressure continued to impact the financial results in Ocean Freight. For the full year, Panalpina’s reported EBIT increased from CHF 82.0 million to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million to CHF 57.5 million.
DSV Annual Report 2017 released
2017 was a record year for DSV with performance beyond expectation. After a strong Q4 2017, we are able to report full-year earnings for 2017 at the high end of our latest outlook and a very strong cash flow. With the UTi integration well behind us, we will now focus on developing DSV, and for 2018 we expect up to 11% growth in earnings.
Panalpina and Saudi conglomerate Al Rushaid agree to joint venture
Al Rushaid is one of Saudi Aramco’s main suppliers and a large Saudi conglomerate which provides services through partnerships in many different industries including oil and gas, manufacturing and construction. Pending regulatory approval, Panalpina will be tasked with managing the logistical aspects of Al Rushaid’s subsidiaries and joint ventures.
Panalpina expands Perishables Network into Belgium
Panalpina is to acquire the Belgian companies Adelantex and AD Handling, specialized in the handling of perishables imports in Brussels, Liège and Ostend. The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium’s market leader will further strengthen the Panalpina Perishables Network and the company’s end-to-end offering.
Panalpina donates UNICEF relief flight to Africa for the fifth time
Panalpina once again assisted UNICEF by flying relief aid to Africa, this time to help children suffering in South Sudan. The country’s humanitarian crisis is a culmination of years of civil war compounded by famine and disease. A Panalpina chartered cargo aircraft landed in neighboring Uganda, carrying nearly 80 tons of supplies.
Panalpina centralizes and expands Global Supply Chain Solutions offering
As part of its growth strategy, Panalpina has centralized its Supply Chain Solutions offering with plans to expand the existing team of experts and further invest in technology and infrastructure. Panalpina’s customers from across multiple industries will benefit from solutions that manage their supply chains from end-to-end and offer greater flexibility, customization, and visibility.
2017, the year when air freight took to new heights
2017 has been an exceptional year for air freight. The market has developed a new dynamic characterized by tight transport capacity and high freight rates. Panalpina’s early prediction of a very busy peak season in the last quarter turned out to be correct. In October, Panalpina recorded its highest ever monthly Air Freight volumes, a record that was beaten only one month later in November.
A taste for less waste
The purchase of a product often marks the end of a supply chain. But increasingly consumers are questioning the traditional linear process of “take, make, dispose”, demanding that manufacturers and retailers ensure that they reduce or eliminate waste. In the circular economy, logistics companies play an important role in extending the life of products through reuse, remanufacturing and recycling.
Prevention is better than cure
In an increasingly digital and automated freight forwarding environment, Panalpina is using Validaide, an open online platform it has co-developed, to qualify its key suppliers. The recently launched tool is already live in the first Panalpina business units, with all the remaining business units scheduled to go live by the end of the first quarter of 2018.
Andy Weber to leave Panalpina
Panalpina’s Chief Operating Officer, Andy Weber, has decided to leave Panalpina for personal reasons.
Job well done, blue.cruiser!
The thyssenkrupp blue.cruiser has taken an impressive second place in the Royal Automobile Club of Victoria (RACV) Cruiser Class of the World Solar Challenge. The SolarCar team from Hochschule Bochum did an excellent job throughout the race and was the first of its class to arrive at the finish line, but the Eindhoven team took the first prize thanks to a better overall standing.