Basel, Switzerland-based Panalpina, No.7 on JOC’s ranking of the Top 40 Global 3PLs, operates in over 70 countries and maintains relationships with partners in more than 90 others. Its 16,000 employees provide logistics solutions and services in air, sea, and land transport.
The company returned to profit in 2013, with a net income of 11.7 million Swiss francs ($13.1 million), versus a loss of 71.8 million francs ($80.4 million) in 2012, as its net forwarding revenue grew 2 percent to 6.75 billion francs ($7.6 billion). Air and sea freight combined make up 72 percent of Panalpina’s gross profits. Europe accounts for 41 percent of the company’s earnings while the Americas contribute 30 percent. Panalpina’s air freight division carried 825,000 metric tons in 2013, 3 percent more tonnage than 2012’s 801,000. Its sea freight division notched a 7.7 percent increase in volume from 2012’s 1.4 million TEUs, reaching 1.5 million TEUs in 2013.
Panalpina is also a player in gas and oil industry logistics as a result of past acquisitions like those of Janco Oilfield Services and the Norwegian Overseas Shipping Group.