Researchers at the Fraunhofer Institute for Factory Operation and Automation IFF in Magdeburg, Germany are working with development partners and users such as Panalpina and Lufthansa Cargo in the joint project ESecLog to resolve the dilemma between security and efficiency. Using simple screening procedures, they aggregate features such as 3D contours or RFID identifiers into one central shipment profile for every freight item. "The trick is that we document and aggregate these features into … [Read more...] about Researchers develop digital fingerprint for cargo
Panalpina
Panalpina sees solid half-year results
International freight forwarding and logistics company Panalpina improved overall profitability in the first half of 2014 with group gross profit and EBIT, which were significantly impacted by currencies, both increased two per cent reaching CHF 777.9 million (US$862 million) and CHF 60.1 million respectively. Logistics contributed to the solid results by cutting losses and expanding its value-added services, the group said. Air freight and ocean freight volumes grew four and eight per cent … [Read more...] about Panalpina sees solid half-year results
Panalpina third quarter slides 40%
Basel-based freight forwarder, Panalpina said net profit for the three months was US$3.7 million, a 40 per cent slide in year-on-year revenue. Earnings before interest and tax fell to US$10.7 million in the three months to 30 September from $57.2 million a year ago and net forwarding revenue declined to $1.4 billion from $2.36 billion a year earlier. Volumes are down from last years by 25 per cent for air cargo and 18 per cent for sea freight, which the group attributed to the chronically weak … [Read more...] about Panalpina third quarter slides 40%
Panalpina and Atlas Air extend partnership
Global forwarding and logistics group Panalpina and its long-time airline partner Atlas Air have announced a renewal of their cooperation agreement under which Panalpina provides owncontrolled capacity between Europe, North America and Mexico and links the company’s oil and gas hubs. The ‘Dixie Jet’ service’s capacity is managed by Panalpina while the Boeing 747F freighter aircraft are operated by Atlas Air. Panalpina and Atlas Air have been working … [Read more...] about Panalpina and Atlas Air extend partnership
Panalpina will not join price war
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
Panalpina takes over own ops in Japan
Panalpina and the NYK Group have agreed to changes in the level of their current cooperation in Japan with Panalpina Japan taking over control of its air and ocean freight operations with effect from January 2010. In line with an earlier agreement, Panalpina will continue to represent the NYK subsidiary Yusen Air and Sea Service interests in various countries. YAS will continue to provide services in Japan as a subcontractor for Panalpina. In February 2007, Panalpina appointed the NYK … [Read more...] about Panalpina takes over own ops in Japan
