Panalpina expects further growth on its intra-Asia and Asia-Latin America trades by air and sea in the coming months.
The Swiss forwarding giant saw profit tumble in the second quarter. Full container load volumes on the company’s intra-Asia services outperformed all other ocean lanes, however, racking up year-on-year growth of 35 percent in the first six months of this year. “Intra Asia is now among our top three trade lanes in ocean freight,” said a spokesman.
Panalpina’s FCL Asia-Latin America trade also flourished in the first half of the year, up approximately 25 percent eastbound and 20 percent westbound compared to a year earlier.
The trade also saw growth in air freight, despite the bearish state of global air cargo markets. Panalpina’s Asia-Latin America westbound volumes surged more than 50 percent year-on-year in the first half of 2012.
“Asia to Latin America eastbound volumes decreased but this trade lane did particularly well in terms of profitability,” the spokesman said.
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