Panalpina

Panalpina reports stable profits in “challenging environment”

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International freight forwarding and logistics company Panalpina has kept profitability stable in the first half of 2015 despite what it said was a "challenging environment". While the group’s gross profit decreased five per cent (adjusted at constant currency rates: +2 per cent) to CHF 736.1 million (US$ 771.7 Million), EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4 per cent; adjusted: +7 per cent) and CHF 45.3 million (+3 per cent; adjusted: +10 per cent), … [Read more...] about Panalpina reports stable profits in “challenging environment”

Panalpina reports stable profits in "challenging environment"

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International freight forwarding and logistics company Panalpina has kept profitability stable in the first half of 2015 despite what it said was a "challenging environment". While the group’s gross profit decreased five per cent (adjusted at constant currency rates: +2 per cent) to CHF 736.1 million (US$ 771.7 Million), EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4 per cent; adjusted: +7 per cent) and CHF 45.3 million (+3 per cent; adjusted: +10 per cent), … [Read more...] about Panalpina reports stable profits in "challenging environment"

Panalpina appoints new executive board members

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Panalpina promotes Andy Weber to the position of chief operating officer as of 1 July 2015. At the same time, the company announces that Ralf Morawietz will assume the position of chief information officer. He takes over from Rod Angwin who will leave the company for personal reasons during the course of the year. Andy Weber, who started his career with Panalpina, re-joined the company in January 2015 as global head of operations. With over 30 years of experience in the freight forwarding … [Read more...] about Panalpina appoints new executive board members

Panalpina adds cargo calls in Baku

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Swiss-company Panalpina is adding calls in Azerbaijan's capital, Baku. Scheduled charters that are operated by Silk Way West Airlines and fly between Luxembourg and Shanghai now call in Baku four times per week. Silk Way deploys 747-8 freighters, which are particularly well-suited for the transport of outsized oil and gas equipment and temperature-sensitive pharmaceuticals. Silk Way West Airlines’ forthcoming service mentality has prompted Panalpina to extend its cooperation with … [Read more...] about Panalpina adds cargo calls in Baku

Logistics elevates Panalpina’s Q1 profit

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International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit