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Tag / Stefan Karlen

Panalpina improves profitability

Panalpina improves profitability

Press Releases   •   Apr 19, 2018 05:00 GMT

In the first three months of 2018, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 24.4 million (YTD 2017: CHF 16.4 million) and a consolidated profit of CHF 16.6 million (YTD 2017: CHF 12.4 million).

Panalpina reports record year in Air Freight

Panalpina reports record year in Air Freight

Press Releases   •   Mar 07, 2018 06:00 GMT

Panalpina ended the year 2017 with strong Air Freight volumes and margins, while in the fourth quarter margin pressure continued to impact the financial results in Ocean Freight. For the full year, Panalpina’s reported EBIT increased from CHF 82.0 million to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million to CHF 57.5 million.

Predicting the future at the #BCX18 IoT hackathon

Predicting the future at the #BCX18 IoT hackathon

News   •   Feb 27, 2018 17:00 GMT

Panalpina is proud to have participated in the Logistics & Supply Chain 4.0 hack challenges at Bosch Connected Experience (#BCX18), the annual Internet of Things (IoT) hackathon by Bosch. An international team of eight developers and two hack coaches coming from Basel, Lisbon and Luxembourg used machine learning to predict the future.

IoT and supply chain: products will plan their own journey

IoT and supply chain: products will plan their own journey

Blog posts   •   Feb 22, 2018 15:15 GMT

Imagine a world in which products plan their own journeys around the globe. Panalpina and Bosch are working on the solution. In his keynote presentation during this year’s Bosch Connected World, Panalpina CEO Stefan Karlen, provided a public demonstration of how the latest IoT technologies in use and those being developed will shape tomorrow’s supply chains – IoT connected supply chains.

Panalpina adds three agents to Perishables Network

Panalpina adds three agents to Perishables Network

News   •   Feb 08, 2018 10:00 GMT

Three long-standing agents of Panalpina are becoming full members of the company’s Perishables Network. During Fruit Logistica in Berlin, Panalpina and the agents Cropa (Guatemala and Honduras), MIT Cargo (Sri Lanka) and TML (Pakistan) have agreed to intensify their cooperation in order to create new end-to-end solutions for customers and expand the perishables business.

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.

Panalpina donates UNICEF relief flight to Africa for the fifth time

Panalpina donates UNICEF relief flight to Africa for the fifth time

Press Releases   •   Dec 18, 2017 08:30 GMT

​Panalpina once again assisted UNICEF by flying relief aid to Africa, this time to help children suffering in South Sudan. The country’s humanitarian crisis is a culmination of years of civil war compounded by famine and disease. A Panalpina chartered cargo aircraft landed in neighboring Uganda, carrying nearly 80 tons of supplies.

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.

Group profitability continues to increase in 2017

Group profitability continues to increase in 2017

Press Releases   •   Oct 19, 2017 05:00 GMT

In the first nine months of 2017, Panalpina grew volumes in both Air and Ocean Freight compared to the same period of last year. As the year progressed, group gross profit as well as EBIT increased with every quarter. Year-on-year, Panalpina’s reported EBIT increased from CHF 67.5 million to CHF 72.1 million and the reported consolidated profit increased from CHF 46.5 million to CHF 48.4 million.

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.

Increased volumes and higher reported profits

Increased volumes and higher reported profits

Press Releases   •   Jul 20, 2017 05:00 GMT

Panalpina recorded robust volume growth in both Air and Ocean Freight in the first half-year of 2017. As higher freight rates and margin pressure persisted, Panalpina increased its reported EBIT from 34.7 million (adjusted half-year 2016: CHF 60.8 million) to CHF 42.0 million and the reported consolidated profit from CHF 21.8 million (adjusted HY 2016: 47.9 million) to CHF 29.9 million.

Panalpina rolls out new IT platform in Germany

Panalpina rolls out new IT platform in Germany

Press Releases   •   Jun 12, 2017 15:45 GMT

Panalpina continues to upgrade its new operational IT platform and is in the middle of its roll-out in Germany. Ocean Freight is currently the prime focus and will be followed by Air Freight. Germany is already handling the highest number of transactions on the new platform. Panalpina’s new transport management system will secure significant operational benefits.

Panalpina expands footprint in Denmark

Panalpina expands footprint in Denmark

Press Releases   •   May 03, 2017 05:00 GMT

As part of its global growth strategy, Panalpina has acquired Carelog, a Danish freight forwarding and logistics company with a strong foothold in ocean freight and roots in the western part of Denmark. Carelog and Panalpina complement each other ideally in terms of geography, product strengths and customer mix.

Panalpina to acquire Kenyan freight forwarder specialized in perishables

Panalpina to acquire Kenyan freight forwarder specialized in perishables

Press Releases   •   May 02, 2017 20:30 GMT

International freight forwarding and logistics company Panalpina is to acquire Air Connection, a Kenya-based forwarder specialized in the export of flowers and vegetables. The move comes after Panalpina’s acquisition of Airflo in Kenya in 2016 and only two weeks after the company formally announced the launch of its global Perishables Network.

Panalpina reports higher volumes as margins remained under pressure

Panalpina reports higher volumes as margins remained under pressure

Press Releases   •   Apr 21, 2017 05:00 GMT

Financial results for the first quarter 2017 came in below the previous-year period for Panalpina. The company reported an EBIT of CHF 16.4 million (Q1 2016: CHF 24.0 million) and a consolidated profit of CHF 12.4 million (Q1 2016: CHF 17.3 million). Panalpina outperformed the air and ocean freight markets in terms of volume growth as margins remained under pressure.

Panalpina reports higher volumes and reduced profit for 2016

Panalpina reports higher volumes and reduced profit for 2016

Press Releases   •   Mar 02, 2017 06:00 GMT

While Panalpina recorded the highest Air Freight volumes since 2007, gross profit margins in both Air and Ocean Freight came under pressure in 2016. This resulted in lower full-year earnings for the international freight forwarding and logistics company. Adjusted for restructuring expenses of CHF 28 million, EBIT reached CHF 109.9 million and consolidated profit CHF 80.2 million in 2016.

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.