DSV announces plans for Panalpina headquarters and continued presence in Basel, as integration progresses
The DSV Panalpina Group has informed employees at the former Panalpina headquarters in Basel about its plans for the location. As part of the integration, overlapping corporate functions and positions will either be cut or relocated to the headquarters in Denmark, which could result in up to 165 job losses. At the same time, the company intends to expand its logistical footprint in the Basel area.
Growing at a continuous and phenomenal rate
Since 1989, we have grown our annual revenue by almost 10,000%
Panalpina half-year results remain stable
Panalpina recorded stable results for the first half-year 2019. From January to June 2019, Panalpina generated an EBIT of CHF 52.1 million (YTD 2018: CHF 54.7 million) and a consolidated profit of CHF 34.0 million (YTD 2018: CHF 36.1 million), thereby nearly reaching previous-year levels.
A history of mergers and acquisitions
DSV is a result of many mergers and acquisitions. Since DSV was founded in 1976, we have continuously acquired companies great and small, starting with small trucking companies and freight forwarders in the 1980’s.
Another hat-trick for DSV: Best CEO, CFO and Chairman for the second year in a row
Kurt Larsen, Chairman of DSV’s Board of Directors, is the best Chairman in Denmark according to a new rating. He joins CEO Jens Bjørn Andersen and CFO Jens Lund as best in class, making it yet another triple win for DSV.
Startups pitch their hottest LogTech ideas to transform global supply chains
From predictive analytics to drone technology, digital technologies are disrupting global supply chains and challenging logistics providers to up their game in shipment visibility and last-mile delivery. Ten startups had the opportunity to pitch their latest ideas at the LogTech Innovation Day, jointly organized by Panalpina and Plug and Play. Here’s a roundup of the event.
Panalpina improves profitability by 15%
In the first three months of 2019, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 28.1 million (YTD 2018: CHF 24.4 million) and a consolidated profit of CHF 19.2 million (YTD 2018: CHF 16.6 million).
Annual General Meeting 2019
Malou Aamund was elected new member of the Board of Directors at DSV’s Annual General Meeting.
Panalpina pushing for accelerated growth after a successful 2018
Panalpina ended the year 2018 with a historic record in Air Freight volumes, a recovering Ocean Freight product and solid profitability in Logistics. For the full year, Panalpina’s reported EBIT increased from CHF 103.3 million to CHF 118.4 million (+15%) and the reported consolidated profit increased from CHF 57.5 million to CHF 75.7 million (+32%).
Panalpina joins Cargo sous terrain initiative aimed at revolutionizing logistics
Panalpina is pleased to join Cargo sous terrain (CST), the Swiss-led consortium set to transform logistics and propel the industry into digitalization. As a shareholder, Panalpina will seek representation on the CST supervisory board and adopt a leading role in developing the CST logistics system and sharing expert know-how.
Panalpina launches industry-leading customer portal
Panalpina announces the launch of its new state-of-the-art digital customer portal. The portal enables customers to benefit from a wide range of instant and real-time services. It is currently available to selected customers by invitation only and will be launched globally this summer.
Agents of the Perishables Network: local expertise meets global reach
The Panalpina Perishables Network was launched with ambitious growth plans in 2017. Today it has members, including agents, in 26 key countries and it keeps growing, offering customers, at both origin and destination, complete end-to-end solutions on a global scale. Agent members of the Panalpina Perishables Network enjoy unparalleled reach thanks to solutions from field to shelf.