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. 

20 Oct 2015
Panalpina’s operating profit shrank nearly 8 percent in the third quarter on lower ocean and air traffic and negative currency movements.
23 Jul 2015
Panalpina’s earnings dipped two percent in the second quarter on sluggish growth in ocean container traffic and a decline in air freight volumes.
22 Apr 2015
Panalpina’s earnings jumped 10 percent in the first quarter as a market-beating increase in ocean container volumes more than offset sluggish growth in air freight.
04 Mar 2015
Panalpina’s profit more than doubled in 2014 as the Swiss forwarding and logistics company posted market-beating ocean and air freight traffic growth and narrowed logistics losses ahead of schedule.
03 Mar 2015
The quality, availability and management of data has to improve if the supply chain is to efficiently handle the mountain of information that is now available to carriers and their customers, panelists said at the 13th annual TPM Conference in Long Beach, California.
Atlas Air 747-400 Freighter
17 Feb 2015
Panalpina has signed a new five-year agreement with Atlas Air under which it will switch one of the two 747-8 freighters wet leased — an arrangement where crew, maintenance and insurance are also provided — from the U.S. firm to scheduled charters.