Presenting its results for the first half of 2009, Swiss-based freight forwarder Panalpina said the industry is involved in a “cut-throat price warâ€Â, adding that it would not participate because transport prices were well below cost. Second-quarter profit slumped 68 per cent to 14.6 million Swiss francs (US$13.7 million) on legal costs tied to a corruption investigation in the US and an antitrust probe in Switzerland. Sales fell to 1.36 billion Swiss francs. Panalpina cut the … [Read more...] about Panalpina will not join price war
Monika Ribar
Panalpina will not join price war
Presenting its results for the first half of 2009, Swiss-based freight forwarder Panalpina management said the industry is involved in a "cut-throat price war", adding that it would not participate because transport prices were well below cost. Second-quarter profit slumped 68 per cent to 14.6 million Swiss francs (US$13.7 million) on legal costs tied to a corruption investigation in the US and an antitrust probe in Switzerland. Sales fell to 1.36 billion Swiss francs. Panalpina cut the … [Read more...] about Panalpina will not join price war
Coping with the crisis: Four views
Asked to address the current economic outlook and how best to cope with the downturn, four executives representing airports, government, logistics and air carriers were unanimous in their conviction that a full recovery was in store for the globaleconomy, it’s just a matter of when. The airport view “In general the long term trend will be upwards,†said Munich Airport’s president and CEO, Michael Kerkloh adding that he expects there may be some structural … [Read more...] about Coping with the crisis: Four views
