International freight forwarding and logistics company 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 (adjusted for restructuring costs 2016: CHF 109.9 million) to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million (adjusted 2016: … [Read more...] about Panalpina reports record year in Air Freight
Panalpina
Panalpina expands its Belgium perishables network
Panalpina announces that it has reached an agreement, subject to conditions, with Belgian companies Adelantex NV and AD Handling NV earlier this week. With a presence in Brussels and Liège, Adelantex handles approximately 75,000 tons of air freight imports per year, and manages ground handling at Brussels Airport, customs clearance and the onward distribution in Europe. The 46 staff of Adelantex serve roughly 200 customers across Europe that import fruits, vegetables, flowers, fish and plants … [Read more...] about Panalpina expands its Belgium perishables network
Panalpina airfreight profits and volumes continue to rise
During the first nine months of 2017, Panalpina grew volumes in air freight and ocean freight compared to the same period 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 (adjusted YTD 2016: CHF 93.6 million) to CHF 72.1 million and the reported consolidated profit increased from CHF 46.5 million (adjusted YTD 2016: CHF 72.6 million) to CHF 48.4 … [Read more...] about Panalpina airfreight profits and volumes continue to rise
Panalpina continues to make moves to boost Perishables Network
Following the successful acquisition of Kenya-based forwarder Air Connection, Panalpina is set to acquire the Dutch company Interfresh Airfreight Handling, as well as its sister companies Fresh Cargo Connection and Dutch Cargo Connection, which are fully owned by CEO and founder of Interfresh, Sonja Kauffman. “By acquiring Interfresh we gain full control over the cool chain for one of the perishables industry’s most important trade lanes for flowers – from Nairobi to … [Read more...] about Panalpina continues to make moves to boost Perishables Network
Panalpina acquires Air Connection
International freight forwarding and logistics company Panalpina announced 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. “The acquisition of Air Connection is another important step in building our Perishables Network. It further … [Read more...] about Panalpina acquires Air Connection
Panalpina rolls out new IT platform in Germany
As planned, Panalpina went live with its new transportation management system at the end of May, in different business units throughout Germany. Before the actual go-live took place in Germany, a major release upgrade was installed, that brought significant improvements and new functionalities to the system. “With the go-live and phased deployment of our new transportation management system in Germany, we have successfully demonstrated the system’s ability to scale-up to higher … [Read more...] about Panalpina rolls out new IT platform in Germany
