Press Releases • Oct 20, 2015 05:00 GMT
Panalpina achieved a stable consolidated profit of CHF 69.3 million (currency adjusted: CHF 75.8 million or +9.5%) in the first nine months of 2015 as headwinds in oil and gas and a very soft air freight market persisted. Group gross profit decreased 6% to CHF 1,107.3 million (adjusted: CHF 1,177.0 million or 0%), while EBIT decreased 2% to CHF 92.4 million (adjusted: CHF 102.7 million or +9%).
Press Releases • Sep 15, 2015 13:30 GMT
A new era is dawning in Myanmar after the establishment of a civilian government in 2011. At the crossroads between India, China and South East Asia, the country is starting to invest in infrastructure and realize its potential. Switzerland-based international freight forwarding and logistics company Panalpina has now opened its own office to provide its services to the up-and-coming economy.
Press Releases • Jul 28, 2015 07:10 GMT
Panalpina sees reverse logistics as a strategic area for growth. To complement its reverse logistics offering in the technology sector, Panalpina has entered into a strategic alliance with Hong Kong-based company Spread Logistics.
Press Releases • Jul 23, 2015 05:00 GMT
Panalpina has kept profitability stable in the first half of 2015 despite a challenging environment. While the group’s gross profit decreased 5% (adjusted at constant currency rates: +2%) to CHF 736.1 million, EBIT and consolidated profit remained stable, reaching CHF 60.4 million (+0.4%; adjusted: +7%) and CHF 45.3 million (+3%; adjusted: +10%), respectively.
Press Releases • Jun 05, 2015 16:00 GMT
Panalpina promotes Andy Weber (55) to the position of Chief Operating Officer (COO) as of July 1, 2015. At the same time, the company announces that Ralf Morawietz (48) will assume the position of Chief Information Officer (CIO).
Press Releases • May 29, 2015 05:00 GMT
Panalpina is to acquire its Egyptian agent Afifi, a highly respected family-owned company specializing in freight forwarding, customs clearance and logistics. The move is an important step in Panalpina’s continued strategic expansion in growth economies, in particular in the Middle East and Africa. Afifi has been Panalpina’s agent in Egypt for the last 20 years.
Press Releases • May 12, 2015 15:30 GMT
At the annual general meeting of Panalpina World Transport (Holding) Ltd., held on May 12, 2015, 68.18% of the share capital was represented. All proposals of the board of directors were approved by a clear majority.
Press Releases • Apr 27, 2015 07:00 GMT
Panalpina is adding calls in Azerbaijan's capital, Baku, as part of its long-term strategy to expand and optimize its controlled air freight network. Scheduled charters that are operated by Silk Way West Airlines and fly between Luxembourg and Shanghai now call in Baku four times per week.
Press Releases • Apr 22, 2015 05:00 GMT
Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10% to CHF 19.6 million while EBIT increased 3% (currency adjusted: +12%) to CHF 25.3 million. Year-on-year, EBIT and conversion rate increased in Ocean Freight as volumes grew by 5% but decreased in Air Freight where volumes only grew slightly by 1%.
Press Releases • Apr 01, 2015 07:00 GMT
Panalpina today released its 2014 Corporate Sustainability Report, showcasing the progress it has made in its sustainability performance and programs. The company reduced its paper and water usage, energy consumption and greenhouse gas emissions.The report was prepared in accordance with the latest standards of the Global Reporting Initiative (GRI).
Press Releases • Mar 04, 2015 08:17 GMT
Panalpina finished the year 2014 on expectations. The Panalpina Group more than doubled its EBIT to CHF 116.7 million in 2014 compared to the previous year. Consolidated profit jumped from CHF 11.7 million to CHF 86.5 million.
Press Releases • Feb 26, 2015 15:00 GMT
Panalpina is expanding its controlled air freight network by adding a full-freighter service to Brazil.
Press Releases • Feb 12, 2015 13:00 GMT
Panalpina and Atlas Air are strengthening their long-standing partnership in the air freight industry.