DSV is building its biggest Northern European hub [VIDEO]

Danish forwarding giant DSV said it is building what will be its largest hub in Northern Europe, to serve as a gateway to the rest of Scandinavia. This news follows the inking of a new deal to purchase its Switzerland-based competitor, Panalpina, for US$4.6 billion earlier this month.  The first of four planned facilities, which […]
  • Nina Chamlou
  • April 11, 2019

DSV to purchase Panalpina for US$4.6 billion in blockbuster deal

After weeks of speculation over the future of Panalpina’s ownership, Denmark’s DSV today reached an agreement to purchase its Swiss rival for US$4.6 billion – a merger that will create one of the world’s largest logistics companies, and appears to end the possibility of a merger with the Agility Group The board of directors at […]
  • Nina Chamlou
  • April 1, 2019

Panalpina Singapore, L’Oreal partner to reduce CO2 emissions with biodiesel trucks

Panalpina Singapore is jumping on the eco-conscious band wagon with the launch of a fleet of biodiesel trucks for its client, L’Oreal’s Travel Retail Asia Pacific. The initiative supports L’Oreal’s “Sharing Beauty With All” campaign, in which the cosmetics giant aims to reduce its global environmental footprint by engaging “100 percent” of its strategic suppliers […]
  • Nina Chamlou
  • March 29, 2019

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
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