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. 

22 Apr 2016
Panalpina’s first-quarter profit dipped only slightly from a year ago as a market-beating performance in air cargo offset a sharp slump in ocean container traffic and a continued contraction in its key oil and gas business.
31 Mar 2016
The top Europe-based global freight forwarders were able to maintain or improve their earnings despite volatile freight rates and stagnating cargo volumes in 2015.
29 Feb 2016
Panalpina’s operating profit crept slightly higher in 2015 even as the Swiss global forwarding and logistics group handled slightly fewer ocean containers and less air freight.
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.