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Andy Weber to leave Panalpina
Press releases • Nov 20, 2017 07:00 CET
Panalpina’s Chief Operating Officer, Andy Weber, has decided to leave Panalpina for personal reasons.
Interim financial report for Q3 2017 released
Press releases • Oct 26, 2017 07:36 CEST
"A strong commercial and operational performance in Q3 has driven earnings growth of more than 30% and a volume performance in line with or above the market. We are pleased to see our business continuously improving, and based on this, we upgrade our expectations for 2017 and launch a five-month share buyback programme of DKK 1,250 million."
Group profitability continues to increase in 2017
Press releases • Oct 19, 2017 07:00 CEST
In the first nine months of 2017, Panalpina grew volumes in both Air and Ocean Freight compared to the same period of last year. As the year progressed, group gross profit as well as EBIT increased with every quarter. Year-on-year, Panalpina’s reported EBIT increased from CHF 67.5 million to CHF 72.1 million and the reported consolidated profit increased from CHF 46.5 million to CHF 48.4 million.
Panalpina expands Perishables Network into Germany
Press releases • Sep 29, 2017 07:00 CEST
Panalpina is expanding its Perishables Network into Germany. Panalpina has entered into an agreement with the Cool Chain Group, Germany (CCG), taking over business and a team that is specialized in international air freight and the import of perishables. The deal will further strengthen the Panalpina Perishables Network in Europe and the company’s global end-to-end offering for fresh produce.
Panalpina to acquire Dutch handling agent specialized in perishables
Press releases • Sep 28, 2017 07:00 CEST
Panalpina is to acquire the Dutch company Interfresh Airfreight Handling. Interfresh specializes in the customs clearance and last-mile distribution of imported perishables from Africa, Asia-Pacific and Latin America. With this acquisition, Panalpina takes another significant step in building its global Perishables Network and offering complete end-to-end solutions on a global scale.
Panalpina completes acquisition of Air Connection
Press releases • Sep 07, 2017 15:30 CEST
International freight forwarding and logistics company Panalpina announced today the completion of the acquisition of Air Connection, a specialized forwarder of flowers and vegetables following the approval by the Competition Authority of Kenya. The move follows Panalpina’s acquisition of Airflo in 2016 and positions the company as a clear market leader in perishables in Kenya.
Multimodal heavy-lift moves: Panalpina offers hassle-free carrier solution
Press releases • Aug 24, 2017 16:00 CEST
Panalpina has launched Panprojects Carrier. With the new carrier model Panalpina can oversee multimodal heavy-lift moves from fabrication to installation sites under one single contract that clearly governs all modes of transport. The legal framework reduces to an absolute minimum the commercial, technical and contractual risks that are inherent to the multimodal transport of project cargo.
Increased volumes and higher reported profits
Press releases • Jul 20, 2017 07:00 CEST
Panalpina recorded robust volume growth in both Air and Ocean Freight in the first half-year of 2017. As higher freight rates and margin pressure persisted, Panalpina increased its reported EBIT from 34.7 million (adjusted half-year 2016: CHF 60.8 million) to CHF 42.0 million and the reported consolidated profit from CHF 21.8 million (adjusted HY 2016: 47.9 million) to CHF 29.9 million.
Panalpina rolls out new IT platform in Germany
Press releases • Jun 12, 2017 17:45 CEST
Panalpina continues to upgrade its new operational IT platform and is in the middle of its roll-out in Germany. Ocean Freight is currently the prime focus and will be followed by Air Freight. Germany is already handling the highest number of transactions on the new platform. Panalpina’s new transport management system will secure significant operational benefits.
83,000 new m2 of warehouse in Venlo, Netherlands
Press releases • Jun 12, 2017 13:51 CEST
DSV recently acquired an additional 140,000 m2 of land adjacent to its facilities in Venlo, Netherlands. The lot is to be developed with a further 83,000 m2 of warehouse.
Annual general meeting 2017 approves all board proposals
Press releases • May 03, 2017 18:15 CEST
At the annual general meeting of Panalpina World Transport (Holding) Ltd., held on May 3, 2017, 60.01% of the share capital was represented. All proposals of the board of directors were approved by a clear majority and Dirk Reich was confirmed as a new member of the board of directors.
Panalpina expands footprint in Denmark
Press releases • May 03, 2017 07:00 CEST
As part of its global growth strategy, Panalpina has acquired Carelog, a Danish freight forwarding and logistics company with a strong foothold in ocean freight and roots in the western part of Denmark. Carelog and Panalpina complement each other ideally in terms of geography, product strengths and customer mix.
Panalpina to acquire Kenyan freight forwarder specialized in perishables
Press releases • May 02, 2017 22:30 CEST
International freight forwarding and logistics company Panalpina is to acquire Air Connection, a Kenya-based forwarder specialized in the export of flowers and vegetables. The move comes after Panalpina’s acquisition of Airflo in Kenya in 2016 and only two weeks after the company formally announced the launch of its global Perishables Network.
Interim report for Q1 2017 released
Press releases • May 02, 2017 08:18 CEST
A very strong set of Q1 numbers brings us even closer to our goal of reaching pre-UTi performance levels and margins.
Panalpina reports higher volumes as margins remained under pressure
Press releases • Apr 21, 2017 07:00 CEST
Financial results for the first quarter 2017 came in below the previous-year period for Panalpina. The company reported an EBIT of CHF 16.4 million (Q1 2016: CHF 24.0 million) and a consolidated profit of CHF 12.4 million (Q1 2016: CHF 17.3 million). Panalpina outperformed the air and ocean freight markets in terms of volume growth as margins remained under pressure.
Panalpina Perishables Network launched with ambitious growth plans
Press releases • Apr 20, 2017 15:15 CEST
The worldwide transport of perishables constitutes a huge market where Panalpina is aiming to become the market leader. By 2020 the company aims to be the preferred global supplier of perishables logistics. The success factors for this accelerated push into perishables are the company’s global coverage, dedicated perishables experts in key markets and the unique Panalpina Charter Network.
Panalpina’s new IT Center of Excellence in Lisbon to act as business enabler
Press releases • Apr 06, 2017 14:00 CEST
In the heart of Portugal’s capital, Lisbon, Panalpina has opened a new IT Center of Excellence where a growing number of highly qualified software engineers and other IT specialists are developing business critical IT solutions for customers of the international freight forwarding and logistics company.
New member proposed for Panalpina’s Board of Directors
Press releases • Mar 29, 2017 07:00 CEST
Panalpina’s board of directors proposes to elect Dirk Reich as a new member of the board at the Annual General Meeting on May 3, 2017. He would succeed Roger Schmid, who will not stand for re-election.
Testing hybrid trucks in Sweden
Press releases • Mar 27, 2017 09:59 CEST
Using a combination of biodiesel and electricity to power trucks will reduce unhealthy carbon dioxide emissions.
Panalpina publishes integrated management report
Press releases • Mar 16, 2017 17:30 CET
Panalpina has published its first integrated management report, summarizing the company’s activities during 2016 in terms of business performance as well as sustainability.