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 has published its second integrated management report, summarizing the company’s activities during 2017 in terms of business performance and sustainability.
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.
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 Energy and Project Solutions executed another #MajorMove with two port-to-door shipments for one of Brazil’s leading ceramics makers. The move included ocean and overland transportation of an industrial mill and a hydraulic press from Genoa, Italy, to Paranaguá, one of the main gateways in southern Brazil, as well as the installation of both machines in Tijucas, Santa Catarina.
Looking for one of the smallest particles – neutrinos – requires not only international cooperation but also quite a huge piece of scientific equipment. Panalpina recently helped to move one from CERN in Switzerland to Fermilab at the University of Chicago, where it arrived at the end of July 2017. It was a closely watched voyage.
Panalpina has gained its largest award with a specific oil and gas major to date. The company was awarded with a long-term contract to manage transportation for a gas project in Iraq. The contract will run over a minimum of five years and involve high air and LCL (less than container load) ocean freight volumes. Work has already begun.
The summer period is usually a calmer time for air freight – but not this year. The strong market development with high volumes will likely continue for the rest of the year, further widening the gap between demand and supply. “The challenges are manifold, but we haven taken action to secure extra capacities to meet the growing demand,” says Marc van Dommele, regional head of Air Freight Europe.
Fruit Logistica 2018 in Berlin is history, but the global appetite for perishables persists. On the first day of the most important exhibition for the international trade of fresh produce, Panalpina’s Colin Wells elaborated on the global trends for the supply and demand of fruits and vegetables. Learn more and don't miss out on the new bonus video!
Imagine a world in which products plan their own journeys around the globe. Panalpina and Bosch are working on the solution. In his keynote presentation during this year’s Bosch Connected World, Panalpina CEO Stefan Karlen, provided a public demonstration of how the latest IoT technologies in use and those being developed will shape tomorrow’s supply chains – IoT connected supply chains.
This year’s top Internet of Things (IoT) event is around the corner. Bosch Connected World will take place February 21-22 at STATION-Berlin. The purpose of the conference is to provide the inspiration, education, and connections needed to thrive in IoT. In the spirit of interconnectedness, we are sharing five stories that look at the present and future of IoT so that you can warm up to the event .
The World Solar Challenge has started and our friends from the thyssenkrupp blue.cruiser are doing great! In case you missed it, here’s our previous feature on the blue.cruiser. Now let’s take a closer look.
https://events.joc.com/tpm-2018/agenda
Fruit Logistica takes place once per year but fresh products, or perishables, are in demand around the globe, all year long. Panalpina is one of only a few global freight forwarders that are active in the perishables business. Having a global network means we can truly offer end-to-end solutions. Drop by at our stand and let's start a conversation. You'll find us at stand A04 in hall 7.2C.
With the Brazil Wings service Panalpina offers scheduled main deck capacity to South America from the U.S. The many benefits of this and many other services will again be presented at Intermodal South America. Since Brazil Wings launched in 2015, customers have mostly used it for high-tech products, heavy machines and equipment for agriculture, chemicals as well as aerospace and consumer goods.
Panalpina's full-year results media conference for 2015 will take place at the Convention Point in Zurich as usual. The invitation will go out a few weeks before the event.
The 32-ton SACMI MTD drum mill at installation point in Brazil
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The 32-ton SACMI MTD drum mill after final lifting
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| Photographer / Source | Panalpina |
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A 176-ton SACMI Imola PH 7500 hydraulic press is unloaded from a multi-axle flatbed trailer in Brazil.
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| Photographer / Source | Panalpina |
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A 32-ton SACMI MTD drum mill is escorted into the plant premises at destination in Tijucas, Santa Catarina, Brazil.
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| Photographer / Source | Panalpina |
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For an overview of the Panalpina Integrated Management Report 2017, see the microsite at http://annualreport.panalpina.com/. Users can build their own reports by choosing individual sections or can download the entire report.
For an overview of the Panalpina Integrated Management Report 2016, see the microsite at http://annualreport.panalpina.com/. Users can build their own reports by choosing individual sections, or can download the entire report. The report is available in English only, and in keeping with Panalpina’s focus on lowering its environmental impact, printed copies will no longer be distributed.
The new international box weighing rules for ocean freight are now in effect, stipulating that shippers of a packed container are responsible for determining and declaring the verified gross mass (VGM) per container prior to defined cut-off times. This infographic illustrates the process shippers have to follow, and explains how to determine VGM and submit the data to Panalpina.
Condensed consolidated interim financial statements
