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.
12 May 2014
It occupies only 300 square feet in the world’s biggest international airport, but American Airlines Cargo’s first European temperature-controlled facility, which opened in London Heathrow last week, underscores the rise of health care as a key driver of global transport demand.
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.
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.
07 Oct 2013
The Panalpina Group has realigned its regional setup and identified a fourth region for customer targeting, consisting of the Middle East, Africa and the Commonwealth of Independent States.
01 Aug 2013
29 Jul 2013
Panalpina Group’s consolidated profit increased 44 percent year-over-year in the second quarter to CHF 24.1 million (approximately US$25.9 million).