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Panalpina and Honeywell partner on new technology solutions

Panalpina and Honeywell partner on new technology solutions

Press Releases   •   Nov 28, 2018 16:15 GMT

Panalpina has entered into a strategic alliance with technology company Honeywell to enhance worker productivity, accuracy, and efficiency across its global distribution centers.

Panalpina increases group profitability

Panalpina increases group profitability

Press Releases   •   Oct 25, 2018 05:00 GMT

In the first nine months of 2018, Panalpina increased group profitability compared to the same period of last year. From January to September, gross profit increased from CHF 1,024.8 million to CHF 1,116.2 million. Year-on-year, Panalpina’s EBIT increased from CHF 72.1 million to CHF 83.2 million and the consolidated profit increased from CHF 48.4 million to CHF 51.0 million.

Panalpina enlarges its Executive Board

Panalpina enlarges its Executive Board

Press Releases   •   Sep 05, 2018 16:50 GMT

Panalpina today announced that it is enlarging the company’s Executive Board, to include its three core products: Air Freight, Ocean Freight, and Logistics.

Double-digit profitability growth for Panalpina

Double-digit profitability growth for Panalpina

Press Releases   •   Jul 17, 2018 05:00 GMT

Panalpina recorded a sound first half-year 2018 with sustained margins and double-digit profitability growth across the board. From January to June 2018, Panalpina increased EBIT from CHF 42.0 million to CHF 54.7 million and consolidated profit from CHF 29.9 million to CHF 36.1 million.

Panalpina Digital Hub launched to promote innovation in freight forwarding and logistics

Panalpina Digital Hub launched to promote innovation in freight forwarding and logistics

Press Releases   •   Jun 26, 2018 08:05 GMT

Panalpina has launched the Panalpina Digital Hub to embrace new technologies including the Internet of Things (IoT), artificial intelligence (AI) and blockchain that have the potential to disrupt the business in the coming years. The new business unit is to explore innovative technologies, develop new digital solutions for customers, and engage with digital start-up companies.

Panalpina joins Blockchain in Transport Alliance – BiTA

Panalpina joins Blockchain in Transport Alliance – BiTA

Press Releases   •   May 22, 2018 12:00 GMT

Panalpina has joined the Blockchain in Transport Alliance (BiTA), a forum of leading tech and transportation companies for the development and implementation of blockchain standards in the freight industry. The company sees many advantages of blockchain technology for freight forwarding and logistics operations in general, but also for specific areas such as perishables in particular.

Panalpina improves profitability

Panalpina improves profitability

Press Releases   •   Apr 19, 2018 05:00 GMT

In the first three months of 2018, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 24.4 million (YTD 2017: CHF 16.4 million) and a consolidated profit of CHF 16.6 million (YTD 2017: CHF 12.4 million).

Panalpina publishes second integrated management report

Panalpina publishes second integrated management report

Press Releases   •   Mar 21, 2018 15:30 GMT

Panalpina has published its second integrated management report, summarizing the company’s activities during 2017 in terms of business performance and sustainability.

Panalpina reports record year in Air Freight

Panalpina reports record year in Air Freight

Press Releases   •   Mar 07, 2018 06:00 GMT

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 to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million to CHF 57.5 million.

Panalpina and Saudi conglomerate Al Rushaid agree to joint venture

Panalpina and Saudi conglomerate Al Rushaid agree to joint venture

Press Releases   •   Dec 21, 2017 12:00 GMT

Al Rushaid is one of Saudi Aramco’s main suppliers and a large Saudi conglomerate which provides services through partnerships in many different industries including oil and gas, manufacturing and construction. Pending regulatory approval, Panalpina will be tasked with managing the logistical aspects of Al Rushaid’s subsidiaries and joint ventures.

Panalpina centralizes and expands Global Supply Chain Solutions offering

Panalpina centralizes and expands Global Supply Chain Solutions offering

Press Releases   •   Dec 13, 2017 13:45 GMT

As part of its growth strategy, Panalpina has centralized its Supply Chain Solutions offering with plans to expand the existing team of experts and further invest in technology and infrastructure. Panalpina’s customers from across multiple industries will benefit from solutions that manage their supply chains from end-to-end and offer greater flexibility, customization, and visibility.

Group profitability continues to increase in 2017

Group profitability continues to increase in 2017

Press Releases   •   Oct 19, 2017 05:00 GMT

In the first nine months of 2017, Panalpina grew volumes in both Air and Ocean Freight compared to the same period of 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 to CHF 72.1 million and the reported consolidated profit increased from CHF 46.5 million to CHF 48.4 million.

Increased volumes and higher reported profits

Increased volumes and higher reported profits

Press Releases   •   Jul 20, 2017 05:00 GMT

Panalpina recorded robust volume growth in both Air and Ocean Freight in the first half-year of 2017. As higher freight rates and margin pressure persisted, Panalpina increased its reported EBIT from 34.7 million (adjusted half-year 2016: CHF 60.8 million) to CHF 42.0 million and the reported consolidated profit from CHF 21.8 million (adjusted HY 2016: 47.9 million) to CHF 29.9 million.

Panalpina expands footprint in Denmark

Panalpina expands footprint in Denmark

Press Releases   •   May 03, 2017 05:00 GMT

As part of its global growth strategy, Panalpina has acquired Carelog, a Danish freight forwarding and logistics company with a strong foothold in ocean freight and roots in the western part of Denmark. Carelog and Panalpina complement each other ideally in terms of geography, product strengths and customer mix.

Panalpina reports higher volumes as margins remained under pressure

Panalpina reports higher volumes as margins remained under pressure

Press Releases   •   Apr 21, 2017 05:00 GMT

Financial results for the first quarter 2017 came in below the previous-year period for Panalpina. The company reported an EBIT of CHF 16.4 million (Q1 2016: CHF 24.0 million) and a consolidated profit of CHF 12.4 million (Q1 2016: CHF 17.3 million). Panalpina outperformed the air and ocean freight markets in terms of volume growth as margins remained under pressure.

Panalpina publishes integrated management report

Panalpina publishes integrated management report

Press Releases   •   Mar 16, 2017 16:30 GMT

Panalpina has published its first integrated management report, summarizing the company’s activities during 2016 in terms of business performance as well as sustainability.

 Panalpina opens new logistics manufacturing hub in Dubai South

Panalpina opens new logistics manufacturing hub in Dubai South

Press Releases   •   Mar 15, 2017 13:15 GMT

Today, in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Panalpina CEO Stefan Karlen officially opened the company’s new logistics manufacturing center in Dubai South. The 40,000 m2 facility will support circular supply chains and enable Panalpina to grow its logistics and freight forwarding business in the Middle East, Africa and CIS (MEAC) region.

Panalpina reports higher volumes and reduced profit for 2016

Panalpina reports higher volumes and reduced profit for 2016

Press Releases   •   Mar 02, 2017 06:00 GMT

While Panalpina recorded the highest Air Freight volumes since 2007, gross profit margins in both Air and Ocean Freight came under pressure in 2016. This resulted in lower full-year earnings for the international freight forwarding and logistics company. Adjusted for restructuring expenses of CHF 28 million, EBIT reached CHF 109.9 million and consolidated profit CHF 80.2 million in 2016.

Panalpina’s single warehouse management system key to growing business

Panalpina’s single warehouse management system key to growing business

Press Releases   •   Feb 14, 2017 08:00 GMT

Panalpina has reached a new milestone in the roll-out of its single warehouse management system JDA across all of its logistics facilities around the world. The 50th site went live with JDA WMS in France. Shortly before that, JDA WMS was implemented at facilities in the USA and Belgium. The sites in Newtown and Brussels are part of a global distribution network for the healthcare customer IBA.

Panalpina sets ambitious CO2 emissions targets for 2025

Panalpina sets ambitious CO2 emissions targets for 2025

Press Releases   •   Dec 19, 2016 11:00 GMT

Following last year’s UN Climate Talks in Paris and as part of a global effort to mitigate climate change, Panalpina has delivered on its promise and set science-based emissions targets for the coming years. Panalpina is now one of 32 international companies to have such targets that have been approved by the Science Based Targets initiative.