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Panalpina publishes second integrated management report
Press releases • Mar 21, 2018 16:30 CET
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
Press releases • Mar 07, 2018 07:00 CET
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
Press releases • Feb 08, 2018 07:47 CET
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
Press releases • Dec 21, 2017 13:00 CET
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
Press releases • Dec 19, 2017 07:00 CET
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
Press releases • Dec 18, 2017 09:30 CET
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
Press releases • Dec 13, 2017 14:45 CET
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.
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.