Panalpina reported lower third quarter profit as a strong Swiss franc offset record ocean container volume and strong air freight margins across the Swiss forwarder and logistics group’s global
Panalpina will lease two 747-8 freighters from U.S.-based Atlas Air to meet increasing demand for capacity in the healthcare, high-tech, automotive, and oil and gas sectors.
Panalpina launched three less-than-container-load weekly ocean services from Asia to Rotterdam, as the major forwarder grows its business on major Asia-Europe trade lanes.
Panalpina returned to profit in the second quarter from a year earlier loss by ending high-volume low-margin contracts across its global network.
Switzerland-based Kuehne + Nagel was the largest international forwarder in 2010, handling of nearly a 10th of the world’s air and sea freight business by revenue, according to Transport Intelli
With Russia and its regional trading partners preparing for meetings on expanding their Customs Union agreement, logistics operator
Panalpina, the Swiss global forwarder and logistics group, vowed to outperform market growth in air and ocean freight and logistics, achieve a “remarkable” increase in productivity and hit
Forwarder Panalpina is expanding its scheduled freighter operations through Huntsville, Ala., with a second weekly service connecting the city to Hong Kong.