Panalpina and US-based 3D printing company, Shapeways, have entered into a strategic partnership which will enable both companies to expand their digital manufacturing capabilities globally. Panalpina sees digital manufacturing and 3D printing specifically as a perfect complement to its Logistics Manufacturing Services (LMS) offering, giving customers the possibility to customise products and bring production closer to consumer demand. With the strategic partnership, Panalpina will benefit … [Read more...] about Panalpina partners 3D printing specialist Shapeways
Panalpina
Panalpina preserves profitability in Q1
International freight forwarding and logistics company Panalpina preserved profitability in the first quarter of 2016 despite the continued contraction of the global oil and gas business. Panalpina reported an EBIT of CHF 24 million (US$24.6 million) compared with Q1 2015 of CHF 25.3 million and a consolidated profit of CHF 17.3 million (Q1 2015: CHF 19.6 million). “In the first three months of the year, we succeeded in counterbalancing the lower transport volumes in oil and gas. This was … [Read more...] about Panalpina preserves profitability in Q1
A resilient Panalpina sails smoothly through 2015
The Panalpina Group reported a slight increase in EBIT and consolidated profit in what it described as a very challenging environment. Posting a rise of 15 per cent in EBIT to CHF 134.2 million (US$134.6 million) at constant currency and consolidated profit up 16.3 per cent to CHF 100.6 million (constant currency) in 2015 year-on-year. While volumes in Air Freight and Ocean Freight dropped slightly below previous year levels, Logistics achieved the first positive EBIT result for the full … [Read more...] about A resilient Panalpina sails smoothly through 2015
Panalpina’s Peter Ulber to become chairman; Stefan Karlen, CEO
Panalpina’s board of directors has nominated Peter Ulber as the company’s new chairman for the upcoming Annual General Meeting (AGM) to be held on 10 May 2016. He will succeed Rudolf W. Hug who has served as chairman since 2007 and does not stand for reelection due to the age limitation in the company’s bylaws. Stefan Karlen, currently regional CEO for Asia Pacific, has been designated to succeed Ulber as the next chief executive officer. Peter Ulber Commenting on the board’s … [Read more...] about Panalpina’s Peter Ulber to become chairman; Stefan Karlen, CEO
DHL to pay $53m to settle price-fixing suit
DHL Express (USA) has agreed to pay US$53 million to resolve an antitrust class action accusing the express company and others of participating in an international price-fixing scheme, according to documents filed this week in New York federal court. If approved, the settlement would allow DHL to exit the long-running litigation filed in 2008. As part of the deal, DHL has agreed to aid the plaintiff’s claims against the lone remaining defendant, Hellmann Worldwide Logistics Inc., although a … [Read more...] about DHL to pay $53m to settle price-fixing suit
Panalpina to acquire specialised perishables freight forwarder
Panalpina has announced it will acquire a majority stake in Airflo, a company based in Kenya and the Netherlands specialised in the export handling of flowers and vegetables. Airflo is part of Dutch Flower Group (DFG), a major flower and plant trader. The acquisition reflects Panalpina’s continued expansion in Africa and its increasing focus on the perishables business. Panalpina World Transport Ltd. will acquire a majority stake in Airflo from DFG, subject to conditions. The two companies … [Read more...] about Panalpina to acquire specialised perishables freight forwarder
