Panalpina’s mediocre 2018 results reflect a challenging Q4 for air segment

A day after Kuehne + Nagel released its fourth-quarter and full-year figures for 2018, the “other” giant Swiss forwarder, Panalpina, did the same, underpinning a unifying theme that the last quarter of 2018 was a challenge for most of the international logistics community. Panalpina reported that its airfreight volumes grew by 5 percent, year-over-year, during […]
  • Nina Chamlou
  • February 28, 2019

Panalpina ‘in discussions’ with Agility, mulling over DSV’s revised offer

After several days of industry speculation about mergers and acquisitions (M&A) activity in the freight forwarding sector, the pas de deux between Panalpina and DSV A/V just got more complicated by a third party that has been added to the dance card: Agility Global Logistics. In a short statement today, the Swiss forwarder acknowledged that […]
  • Randy Woods
  • February 15, 2019

Africa’s ‘Moon Shot’: Preparing for an African air cargo renaissance

Built more than 60 years ago, Nairobi’s Jomo Kenyatta International Airport (NBO) is hardly a cutting-edge example of a modern, global air cargo hub. While there have been some recent expansions to its cool-chain handling facilities, NBO’s connectivity to the rest of the world is relatively modest. Still, Kenya’s largest airport has ardent fans. “Jomo […]
  • Randy Woods
  • February 4, 2019

Panalpina’s largest shareholder rejects DSV takeover bid

Today, Panalpina’s largest shareholder, the Ernst Göhner Foundation, said it does not support the non-binding proposal from Denmark-based rival DSV to purchase the Swiss forwarding giant. About two weeks ago, Panalpina’s board said that “according to its fiduciary duties,” it would review the proposal with its professional advisers. The offer, which was released on Jan. […]
  • Nina Chamlou
  • February 4, 2019

Panalpina confirms DSV takeover bid for US$4 billion

This morning, the Panalpina board of directors confirmed that it had received an unsolicited, non-binding proposal from Danish logistics rival DSV to purchase the Swiss forwarding giant.  The offer was for CHF170 per share, from a combination of cash and DSV shares, adding up to about US$4 billion. The board stated that “according to its […]
  • Randy Woods
  • January 16, 2019

8 executive moves that will impact air cargo in 2019

It’s a new dawn, it’s a new day… It’s a new CEO? Now that 2019 has arrived, Air Cargo World is looking back one more time to see which of the recent executive moves in 2018 will likely have the greatest impact on the transformation of airfreight logistics in the new year. While some of […]
  • Randy Woods
  • January 4, 2019

Panalpina anticipates airfreight growth during Q4 following slow Q3

Panalpina said it is anticipating “good growth” in demand for airfreight in its fourth quarter results, driven by China-Europe, Europe-U.S. and China-U.S. trade lanes and demand for charter services, but emphasized its 2018 end-of-year results “won’t be as strong as the previous year.” The forwarder is emerging from a sluggish third quarter, in which its […]
  • Nina Chamlou
  • December 19, 2018

LATAM launches flight for Panalpina to its Huntsville air cargo gateway

LATAM Cargo launched a new Colombia-United States freighter operation to the Huntsville International Airport (HSV), for customer Panalpina, supported by the forwarder’s air cargo gateway at HSV. The new weekly route, launched on Dec. 2, operates between Bogota and Huntsville, using a 50-tonne-capacity 767-300F, and takes approximately four and a half hours to fly each […]
  • Chelsea Toczauer
  • December 5, 2018

Panalpina invests in digitalization via Honeywell partnership

Swiss forwarding giant Panalpina is investing in the digitalization of its supply chain in an agreement with U.S.-based technology company Honeywell, which will design and implement software and hardware modules for Panalpina’s logistics network. Panalpina said the "recent" application of Honeywell‘s “internet of things” (IoT) platform, Mobility Edge, and accompanying Vocollect Voice technology in two […]
  • Nina Chamlou
  • November 28, 2018

Panalpina earns GDP cert at Singapore facility

Swiss forwarder Panalpina has gained the Good Distribution Practice (GDP) certification for the proper handling of pharmaceutical products at its facility in Singapore. With the GDP certification, which was issued by the Singapore Health Science Authority (HSA), Panalpina can “store, handle and distribute medicines in the local market” and “ship them abroad on behalf of […]
  • Nina Chamlou
  • November 15, 2018

Panalpina reports Q3 contractions, anticipates further challenges

Swiss forwarder Panalpina’s third-quarter financial results show the company is being affected by “macroeconomic uncertainties,” CEO Stefan Karlen said. Its cross-segment profit during the quarter declined by about 19 percent to US$14.9 million, compared to US$18.5 million during the same period last year. The company said the air freight segment’s margins have been impacted by […]
  • Nina Chamlou
  • October 25, 2018

Shifting Trade Winds: How trends, tariffs and tech create new cargo routes

As the peak season kicks into high gear, the freighters line up on the apron to be loaded with the newest basketball shoes, electronics and toys for the fourth quarter holiday rush. Nearby, companies such as Intel, Foxconn, LG, Samsung, Nike, Adidas and Puma have been pumping out products at full capacity for months. Now, […]
  • Randy Woods
  • October 1, 2018

Panalpina gains GDP cert at Bogotá location

Today, the Bogotá branch of Panalpina has been certified by the Good Distribution Practice (GDP) program for the handling of medical products, following the completion a two-day audit from SGS, an international inspection and verification company. “We see great growth potential in this business area, considering that the growth rate of this industry in Colombia […]
  • Nina Chamlou
  • August 27, 2018

Panalpina releases positive first-half 2018 results

Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long period during which Panalpina […]
  • Nina Chamlou
  • July 17, 2018
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