Panalpina persists in perishables with purchase of CargoMaster, Laseair

Swiss forwarding giant Panalpina is seeking to increase its already large market share of the South American perishables logistics market by purchasing CargoMaster S.A. in Colombia, and its Ecuadorian subsidiary, Laseair S.A. The companies reached an agreement on Tuesday of this week, but chose not to disclose the financial details of the acquisition. CargoMaster, with […]

WebCargo, Air France-KLM bring dynamic pricing to air cargo

In a bid to speed up the process of booking freight and broaden the use of dynamic pricing in the industry, Air France-KLM-Martinair Cargo has partnered with Freightos to use the WebCargo airfreight booking platform, which provides forwarders with live rates and capacity availability updates. After completing pilot projects with forwarder Panalpina last month, using […]

Panalpina Q1 EBIT falls 7.4% for air segment on heels of DSV purchase

Today, Panalpina released its first-quarter results for 2019, following its recent acquisition by its fellow-Swiss rival DSV, in which it delivered double-digit growth in operating profit of 15% to $US28.1 million, year-over-year. However, performance was a bit less eye-popping when breaking down the results segment by segment. Its Air Freight segment saw volumes increase by […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]
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