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Tag / CEO

Panalpina and Saudi conglomerate Al Rushaid agree to joint venture

Panalpina and Saudi conglomerate Al Rushaid agree to joint venture

Press Releases   •   Dec 21, 2017 12:00 GMT

Al Rushaid is one of Saudi Aramco’s main suppliers and a large Saudi conglomerate which provides services through partnerships in many different industries including oil and gas, manufacturing and construction. Pending regulatory approval, Panalpina will be tasked with managing the logistical aspects of Al Rushaid’s subsidiaries and joint ventures.

Panalpina expands Perishables Network into Belgium

Panalpina expands Perishables Network into Belgium

Press Releases   •   Dec 19, 2017 06:00 GMT

Panalpina is to acquire the Belgian companies Adelantex and AD Handling, specialized in the handling of perishables imports in Brussels, Liège and Ostend. The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium’s market leader will further strengthen the Panalpina Perishables Network and the company’s end-to-end offering.

Andy Weber to leave Panalpina

Andy Weber to leave Panalpina

Press Releases   •   Nov 20, 2017 06:00 GMT

Panalpina’s Chief Operating Officer, Andy Weber, has decided to leave Panalpina for personal reasons.

Panalpina expands Perishables Network into Germany

Panalpina expands Perishables Network into Germany

Press Releases   •   Sep 29, 2017 05:00 GMT

Panalpina is expanding its Perishables Network into Germany. Panalpina has entered into an agreement with the Cool Chain Group, Germany (CCG), taking over business and a team that is specialized in international air freight and the import of perishables. The deal will further strengthen the Panalpina Perishables Network in Europe and the company’s global end-to-end offering for fresh produce.

Panalpina to acquire Dutch handling agent specialized in perishables

Panalpina to acquire Dutch handling agent specialized in perishables

Press Releases   •   Sep 28, 2017 05:00 GMT

Panalpina is to acquire the Dutch company Interfresh Airfreight Handling. Interfresh specializes in the customs clearance and last-mile distribution of imported perishables from Africa, Asia-Pacific and Latin America. With this acquisition, Panalpina takes another significant step in building its global Perishables Network and offering complete end-to-end solutions on a global scale.

Panalpina announces launch of highly innovative and industry-shaping customer portal

Panalpina announces launch of highly innovative and industry-shaping customer portal

News   •   Sep 20, 2017 12:15 GMT

Panalpina is intent on steering the logistics industry into the Digital Age by using the newest technologies available to create a truly innovative, end-to-end digital environment for its customers, and thereby reaffirms its role as an innovator and forerunner in the sector.

Panalpina sets ambitious CO2 emissions targets for 2025

Panalpina sets ambitious CO2 emissions targets for 2025

Press Releases   •   Dec 19, 2016 11:00 GMT

Following last year’s UN Climate Talks in Paris and as part of a global effort to mitigate climate change, Panalpina has delivered on its promise and set science-based emissions targets for the coming years. Panalpina is now one of 32 international companies to have such targets that have been approved by the Science Based Targets initiative.

A charter for Chad – Panalpina donates UNICEF relief flight

A charter for Chad – Panalpina donates UNICEF relief flight

Press Releases   •   Dec 08, 2016 08:30 GMT

For the fourth consecutive year, UNICEF and Panalpina have joined forces to fly relief goods to an African country where population movements, food insecurity, malnutrition and natural disasters have led to a health emergency and precarious humanitarian situation. In the morning hours, a Panalpina chartered cargo aircraft landed in Chad with more than 80 tons of life-saving goods on board.

Stable profits in a challenging market environment

Stable profits in a challenging market environment

Press Releases   •   Oct 25, 2016 05:00 GMT

In the first nine months of 2016, Panalpina recorded a slight increase of EBIT and consolidated profit (adjusted for one-offs). EBIT reached CHF 93.6 million and the consolidated profit CHF 72.6 million. Against the backdrop of receding markets in air and ocean freight, volumes increased by 9% in Air Freight but decreased by 9% in Ocean Freight. Logistics continued positively on the EBIT level.

Switching to growth

Switching to growth

News   •   Oct 06, 2016 10:00 GMT

At the Capital Markets Day 2016 in Amsterdam, the company's senior management demonstrated how Panalpina has taken risk out of the business and laid the foundations for future growth. Growth was the main theme of the afternoon presentations. Four deep-dive sessions focused on “Ocean Freight and Productivity”, “Sales Growth”, “Air Freight and Perishables” as well as “Logistics and Innovation”.

Organic growth offsets contracting oil and gas business

Organic growth offsets contracting oil and gas business

Press Releases   •   Jul 20, 2016 05:00 GMT

In the first half of 2016, Panalpina demonstrated that it can compensate for contracting oil and gas business with organic growth in other sectors even as air and ocean freight markets declined. Adjusted for an oil and gas related restructuring provision, EBIT remained stable at CHF 60.8 million and consolidated profit increased slightly to CHF 47.9 million for the first six months of the year.

Annual general meeting 2016 approves all board proposals

Annual general meeting 2016 approves all board proposals

Press Releases   •   May 10, 2016 16:00 GMT

At the annual general meeting of Panalpina World Transport (Holding) Ltd., held on May 10, 2016, 64.97% of the share capital was represented. All proposals of the board of directors were approved by a clear majority and Peter Ulber was confirmed as Panalpina’s new chairman of the board of directors.

Panalpina counters contracting oil and gas business

Panalpina counters contracting oil and gas business

Press Releases   •   Apr 21, 2016 05:00 GMT

Panalpina preserved profitability in the first quarter of 2016 despite the continued contraction of the global oil and gas business. The company reported an EBIT of CHF 24.0 million and a consolidated profit of CHF 17.3 million. In a continuously soft market, transport volumes grew in Air Freight but decreased in Ocean Freight. Logistics reported the fifth positive quarter on EBIT level.

Panalpina Annual Report 2015

Panalpina Annual Report 2015

Press Releases   •   Mar 15, 2016 08:35 GMT

As well as providing an overview of our achievements over the past year in developing tailor-made, value-added services for our customers, the Annual Report 2015 features highlights from our products, regions, industry verticals and corporate functions. New sections include our business model, case studies on the Charter Network and Perishables, and our approach to innovation.​

Panalpina demonstrates high resilience in 2015

Panalpina demonstrates high resilience in 2015

Press Releases   •   Feb 29, 2016 06:00 GMT

In the year 2015, Panalpina's EBIT reached CHF 117.2 million (currency adjusted: CHF 134.2 million or +15.0%) and consolidated profit CHF 88.2 million (currency adjusted: CHF 100.6 million or +16.3%). While volumes in Air Freight and Ocean Freight dropped slightly below previous year levels, Logistics achieved the first positive EBIT result for the full year.

Panalpina continues to gain ground in climate disclosure program

Panalpina continues to gain ground in climate disclosure program

Press Releases   •   Dec 22, 2015 08:00 GMT

Panalpina has received its highest Carbon Disclosure Project supply chain program score to date, reaching a score of 94 points out of 100. Furthermore, during the UN Climate Talks in Paris earlier this month, it was announced that Panalpina is one of 114 international companies that have committed to set science-based emissions targets as part of a global effort to mitigate climate change.

Panalpina flies UNICEF relief to Burundi

Panalpina flies UNICEF relief to Burundi

Press Releases   •   Nov 27, 2015 11:30 GMT

For the third consecutive year, UNICEF and Panalpina have joined forces to fly much-needed relief goods to an African country where a recurring crisis is taking a heavy toll on society and its weakest members: children. In the morning hours, a Panalpina chartered cargo aircraft landed in Burundi with 70 tons of primary medical care goods on board.