Panalpina’s ocean container traffic grew three times faster than the market in the second quarter, but barely made a profit for the global freight forwarding and logistics group.
05 Mar 2014
Panalpina returned to profitability in 2013 as a market-beating performance in the ocean container and air cargo markets offset anti-cartel fines in the U.S.
27 Dec 2013
Descartes Systems Group, the global logistics technology solutions provider, has acquired Impatex, the UK’s largest customs and freight forwarding software company for an undisclosed sum.
25 Oct 2013
Panalpina’s profit in the third quarter of 2013 increased 6 percent year-over-year, as the Swiss global logistics giant continued to grow its ocean and air freight market shares.
23 Oct 2013
Panalpina has agreed to pay $35 million as part of a preliminary agreement to settle a U.S. class action lawsuit alleging anticompetitive industry practices regarding certain freight surcharges.
15 Oct 2013
Kuehne + Nagel’s third-quarter earnings increased 8.3 percent year-over-year, even as the Swiss logistics giant’s core ocean container business stalled as it prioritized profit ahead of volume.