Panalpina

Airplane

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. 

21 Oct 2014
Panalpina’s ocean freight traffic increased by 9 percent in the third quarter, more than twice the market growth, but profit shrunk due to pressure on margins and adverse currency movements.
22 Jul 2014
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.