News Archive

Jul 13, 2011

Panalpina and Natura announce partnership

Natura, the Brazilian blue chip company that produces cosmetics, fragrances and beauty products, has just signed a contract with Panalpina for the distribution of finished products throughout Latin America and France, and also for the storage of the products in Cajamar, São Paulo.

Jul 12, 2011

Panalpina offers Value-Added Logistics Services at Huntsville hub

Huntsville, Alabama, the heart of Panalpina’s own controlled air freight network in the US has been flanked by a logistics powerhouse with the opening of a new facility for Value-Added Logistics Services. The facility, named Huntsville Logistics Center (HLC), is strategically located next to the Panalpina Huntsville hub. HLC provides complete kitting and parts assembly for some of the world’s largest well known hi-tech manufacturers. In addition, the fully equipped 40,000 square foot facility offers temperature controlled storage areas for Panalpina customers in the pharmaceutical and chemical industries.

Jun 30, 2011

Panalpina commits to sustainable, profitable growth

In a corporate strategy outlook to 2014, Panalpina has affirmed its role as a leading provider of global Supply Chain Solutions. Air Freight and Ocean Freight remain the core business. They are to be consequently complemented by Supply Chain Services and Value Added Services in Logistics. The Group has clearly committed to sustainable, profitable growth. It is striving to outperform market growth in Air, Ocean and Logistics and achieve an EBITDA-margin of 20%.

Jun 13, 2011

Panalpina One Shipment One Dollar donation campaign

To celebrate its 35th anniversary in Greater China, Panalpina is launching the “OSOD” – One Shipment One Dollar donation campaign – to ship and share our love with schoolchildren in China.

May 13, 2011

Panalpina and TomTom Renew Agreement for Air Freight

TomTom has renewed its agreement with Panalpina to ship several of its GPS products by air freight from China to the US. Through the agreement, the world’s leading provider of navigation products and services has also awarded Panalpina with the shipment of the recently unveiled Nike+ SportWatch GPS Powered by TomTom. The SportWatches are flown from Hong Kong with Panalpina’s ‘Dragon Wings’ own-controlled freighter service.

May 13, 2011

Panalpina strengthens own controlled air freight network with a second direct weekly flight between Hong Kong and Huntsville

The global forwarding and logistics group Panalpina has strengthened its own controlled air freight network with the addition of an exclusive direct cargo flight between Huntsville, Alabama and Hong Kong. The new weekly flight strategically enhances the existing Dragon Wings express air service from Hong Kong to Huntsville, Alabama and further strengthens the Brazilian Wings express service which offers an airport-to-airport transit time of 30 hours from Hong Kong via Huntsville to São Paulo in Brazil. As with its sister services – Dragon Wings and Brazilian Wings – Panalpina is using Boeing 747-400F aircraft operated by Atlas Air.

May 10, 2011

Annual General Meeting 2011 approves all BoD proposals

The Annual General Meeting of Panalpina World Transport (Holding) Ltd., held on May 10, 2011, was attended by shareholders representing 55.04% of the share capital. All proposals of the Board of Directors were approved by a clear majority. Also elected with a clear majority were the new BoD members Lars Förberg and Knud Elmholdt Stubkjær.

May 4, 2011

Panalpina with solid start into 2011

In the first quarter of 2011, the Panalpina Group reported strong double digit growth in profitability compared to the first quarter 2010 and volume increases in Air and Ocean Freight. Gross profit increased by 14% (+22% currency adjusted) year-on-year to CHF 373 million which, together with ongoing cost discipline, led to a jump in EBITDA to CHF 56 million (Q1 2010: CHF 10 million). The growth in profitability and improvements in working capital management resulted in an excellent operating cash flow of CHF 108 million (Q1 2010: CHF -13 million).

Apr 19, 2011

Panalpina strengthens its cold chain for healthcare customers

Panalpina has become one of the world’s biggest Qualified Envirotainer Provider (QEP) for active cooling solutions. With the newest accreditation of twenty locations – almost half of them in Asia – Panalpina now has a total of forty-three Envirotainer accredited locations in twenty-seven countries to meet the soaring demand for forwarding temperature sensitive pharmaceuticals.

Apr 15, 2011

Panalpina opens Ahmedabad branch

Panalpina expands into northwestern India by opening an office in Ahmedabad, Gujarat.

Mar 28, 2011

Panalpina Greater China joins “Earth Hour 2011”

Panalpina joins “Earth Hour 2011”, a global energy saving event, initiated by the World Wide Fund for Nature (WWF). Over 1,500 Panalpina staff in Greater China acted together with one billion people around the world in celebration of the planet’s future.

Mar 9, 2011

Panalpina with market share gains and significantly improved profitability

The 2010 financial year saw the Panalpina Group achieve double-digit volume growth in its Air and Ocean Freight businesses, while also expanding its market share. Net forwarding revenue rose by 20% to CHF 7,164 million. The new organization has proven successful with costs only rising moderately despite the strong growth. Productivity as well as profitability have improved significantly yielding in a gross profit increase of 7.5% (11.4% currency adjusted) to CHF 1,480 million.

Mar 8, 2011

Molex awards Panalpina Chengdu China

Panalpina named as “Molex 2010 Supplier of the Year” with its excellent team work and service commitment.

Feb 22, 2011

Panalpina acquires Norwegian-based Grieg Logistics

Today, the Grieg Group announces the sale of its shares in Grieg Logistics AS, a legal entity offering freight forwarding, domestic transportation, warehousing, distribution and customs clearance services to Panalpina.

Feb 3, 2011

Panalpina opens Chongqing branch

Panalpina is expanding into western China by opening an office in Chonqging, following its Wuhan Centralized Services Center and Chengdu office.

Feb 1, 2011

Panalpina will integrate long-time partner in Australia

Panalpina, the global transport and logistics Group, will fully integrate its partner Apollo in Perth, Southwest Australia. The set-up ideally complements Panalpina’s already existing office which focuses on industrial projects and the oil and gas business.

Jan 24, 2011

Toshiba awarded Panalpina overland transport from Germany to Moscow

Toshiba has selected Panalpina to handle its overland business ex Regensburg, Germany, location of one of its European distribution centers, to Moscow beginning in January 2011.

Jan 17, 2011

Rainer Weihofen new Corporate Head of Communications as of January 17, 2011

Panalpina announces the appointment of Rainer Weihofen as new Corporate Head of Communications.

Dec 16, 2010

Panalpina and LGI launch joint platform for Hewlett-Packard in Czech Republic

Hewlett-Packard commissioned Panalpina, as its Lead Logistics Provider, to develop an integrated inventory and forwarding concept based at Jirny. In this project, Panalpina is working together with LGI, a major contract logistics provider.

Dec 13, 2010

Günther Casjens resigns as member of the Board of Directors due to other commitments

Panalpina announces the resignation of Günther Casjens from its Board of Directors. Due to other time consuming commitments, Mr Casjens decided to resign with immediate effect.

Nov 26, 2010

Panalpina offers comprehensive supply chain solutions in Shanghai Yangshan

Panalpina announces a strategic partnership with the Shanghai Lingang Group to provide a comprehensive, bonded warehouse solution. The solution includes pick and pack, quality checks, and U-Turn shipments.

Nov 10, 2010

Panalpina strengthens Australian network

With the acquisition of its long-time partner, Apollo Forwarding in Adelaide, South Australia, the global transport and logistics group Panalpina confirms its commitment to further growth in the Oceania region.

Nov 4, 2010

Panalpina with market share gain, profitability improvement and strong free cash flow in third quarter 2010

In the first nine months of 2010, the Panalpina Group recorded strong volume growth with a 27% increase in Air and a 16% increase in Ocean Freight year-on-year while continuing to outpace the market in both segments; profitability per freight unit (currency adjusted) continued to increase quarter-on-quarter. Gross profit increased in the third quarter by 13% year-on-year (19% in local currencies). Productivity remained at high levels with expenses growing moderately to accommodate increasing shipment volumes. A settlement in the U.S. anti-trust case has been reached and the final settlement of the FCPA case is expected before year end.

Nov 4, 2010

Panalpina resolves Foreign Corrupt Practices Act cases with U.S. authorities

Panalpina announces the final resolution of claims against it arising from an investigation by the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) for violations of the U.S. Foreign Corrupt Practices Act (FCPA). Under the terms of the agreements Panalpina, Inc. will pay a total of approximately USD 81.9 million in fines and disgorgement of profits.

Oct 18, 2010

Panalpina with the first scheduled cargo flight to Dubai World Central

The global forwarding and logistics group Panalpina has successfully launched its new own controlled regular air freight services connecting Luxembourg with the new Dubai World Central-Al Maktoum International Airport and Hong Kong. Furthermore, Panalpina announces the introduction of an express air service from Hong Kong via Huntsville/Alabama to São Paulo in Brazil. As with the transatlantic service “Dixie Jet”, Panalpina uses Boeing 747-400F aircraft operated by Atlas Air.

Oct 1, 2010

Panalpina enters into plea agreement in U.S. antitrust case

Panalpina announces the settlement of certain claims arising from an investigation by the U.S. Department of Justice Antitrust Division (DOJ) for violations of the Sherman Antitrust Act. Under the terms of the agreement, Panalpina will pay a total of approximately USD 12 million.

Sep 24, 2010

Panalpina awarded off-shore transport contract by Chiyoda

Sep 22, 2010

Panalpina appoints key leadership positions: Frank Hercksen, Henrik Lund and Mike Wilson to join Panalpina

Today Panalpina announced the appointments of three industry experts to globally lead its core products Ocean Freight, Air Freight and Logistics. In parallel Sven Hömmken, Head of Supply Chain Management, was also named Global Head of Marketing and Sales. The fulfilment of these positions marks the closure of the adaptations to its organizational structure announced in March 2010.

Sep 16, 2010

Panalpina inaugurates new all cargo air freight services

The global forwarding and logistics group Panalpina will commence additional own controlled regular airfreight services connecting Luxembourg with destinations such as South Africa, Dubai and Hong Kong. It will also cover the transpacific route to Huntsville, Alabama in the USA, complementing Panalpina’s existing transatlantic airfreight service, Dixie Jet. Coinciding with the announcement of the new airfreight product, Panalpina celebrates the 20-year-anniversary of the Dixie Jet service.

Sep 6, 2010

Panalpina begins operations in new Dubai facility

Panalpina has begun operating from its new 450,000 square feet state-of-the art multimodal transit and logistics hub in the Dubai Logistics City free trade zone.

Aug 17, 2010

Panalpina inaugurates first dedicated Oil and Gas Logistics Facility in Singapore

It is the first such facility by a global freight forwarder to offer sophisticated Supply Chain Management (SCM) solutions and services for the oil and gas industry

Aug 16, 2010

Panalpina awarded HTC airfreight business contract

HTC Taiwan, one of the fastest growing companies in the mobile sector, has selected Panalpina to handle its airfreight export and import business from and to Hong Kong, Shanghai and Taipei for a second straight year.

Aug 4, 2010

Panalpina gains market share and significantly improves profitability

In the second quarter of 2010, the Panalpina Group posted substantial growth in forwarding volumes in both air freight (+36%) and ocean freight (+19%), gaining market share in both segments. At the same time, the company increased profitability per freight unit quarter-on-quarter and was able to keep costs tightly under control. The settlement negotiations with the U.S. authorities should be concluded in the second half of the year. In the second quarter, Panalpina set aside a CHF 128 million compliance provision to cover expected fines and future compliance consultancy costs.

Aug 3, 2010

Panalpina Japan and YAS: Implementation of new cooperation agreement on track

The realignment of the successful cooperation between Panalpina Japan and the NYK subsidiary Yusen Air & Sea Service is proceeding according to plan. According to an agreement between the Panalpina Group and the NYK Group, Panalpina Japan will in-source its airfreight export operations this month and the airfreight import operations in early 2011.

Aug 2, 2010

U.S. Authorities settle civil complaint against Panalpina

Among other parties, Panalpina Houston had been named as a defendant in a qui tam civil complaint filed several years ago by a private party on behalf of the U.S. Government. In the complaint it is alleged that, in connection with the provision of logistics services, a former employee of Panalpina has provided unlawful entertainment to employees of a customer. According to a settlement agreement reached with the U.S. Authorities, Panalpina will pay USD 375,000.

Jul 26, 2010

Panalpina appoints Thomas Niederer new Global Head of Road and Rail

Panalpina has appointed Thomas Niederer as Global Head of Road and Rail to further strengthen its global products with a special focus on Europe and the Middle East.

Jul 16, 2010

Panalpina appoints Chris Kent new Global Head of Panprojects

Chris Kent has been appointed as the new Global Head of Panprojects, a wholly-owned Panalpina subsidiary. He joined Panalpina in 2002 and has successfully managed Panprojects UK as Divisional Director. Panprojects is part of the worldwide logistics and transportation network of the Panalpina Group.

Jul 9, 2010

Panalpina launches four new ocean freight services from Asia to Israel

Customer demand for premium LCL (less than container load) ocean freight services from Asia to Israel has been growing in recent months. By launching four new services from the Chinese ports of Hong Kong, Yantian, Ningbo and Shanghai to Ashdod, Panalpina considerably upgrades its LCL ocean service portfolio on this trade lane.

May 19, 2010

Panalpina and Cargill renew collaboration

May 4, 2010

Annual General Meeting 2010 approves all BOD proposals

The Annual General Meeting of Panalpina World Transport (Holding) Ltd., held on 4 May 2010, was well attended. The participating shareholders represented 59.54 % of the share capital. All proposals of the Board of Directors were approved by a clear majority. Also with a clear majority elected were the new BOD members Chris E. Muntwyler, Dr. Hans-Peter Strodel and Dr. Beat Walti.

Apr 29, 2010

Panalpina with strong volume growth in first quarter 2010

The Panalpina Group reports strong volume growth in both air (+24%) and ocean freight (+22%) in the first quarter of 2010. Gross profit declined by 13% year-on-year but increased by 5% quarter-on-quarter. Costs were kept at low levels. Profitability per unit of cargo was still under pressure but has been improving sequentially. Settlement discussions with U.S. authorities are nearing finalization with expected fines, other penalties and legal expenses amounting to CHF 120 million.

Apr 21, 2010

Update: European air traffic disrupted by ash spewing from Iceland volcano

Apr 16, 2010

European air traffic disrupted by ash spewing from Iceland volcano

Apr 13, 2010

Panalpina supports Nintendo distribution in Chile

Apr 12, 2010

Successful heavy lift airfreight transport to China

The global forwarding and logistics service provider Panalpina has chartered an Antonov AN 225 freighter aircraft in order to ensure the safe and smooth transportation of high-tech machinery from Germany to China. The loading took place on April 9 at the airport in Hamburg. On April 10, the cargo was safely offloaded in Shijiazhuang.

Apr 9, 2010

MK Airlines is temporarily suspending its operation

Apr 6, 2010

Panalpina achieves ISO 14001:2004 Global Environmental Certification

Experts from the leading inspection and certification company SGS have audited 80 country organizations of Panalpina, the global forwarding and logistics service provider. After completing the thorough audit process, SGS has granted Panalpina the Global Environmental Certification to the standard ISO 14001:2004.

Mar 11, 2010

Panalpina with strong free cash flow generation and stringent cost control but lower volumes and gross profit

In 2009, Panalpina, the global forwarding and logistics service provider, has transported lower volumes and generated a smaller gross profit, compared to 2008, for a variety of reasons, including a harsh economic environment and a very volatile market. Trade global volumes dropped at an unprecedented rate, affecting most core markets. Net forwarding revenue decreased by 32.9%, gross profit by 20.9% (16.9% in local currencies) and consolidated profit by 90.8%. The company reacted early to the difficult situation, downsizing its cost base by 14% and thus over-achieved its cost reduction target. The focus on cash generation resulted in a free cash flow increase of 33% to CHF 226 million. Panalpina also adapts its organizational structure due to the changed market environment.

Mar 9, 2010

Panalpina Los Angeles grows to meet supply chain service demands

Panalpina Los Angeles adds an additional 42,000 square feet of warehouse space, further extending the company's portfolio of supply chain management services to clients in Southern California and beyond.

Feb 18, 2010

Panalpina launches two new ocean freight services

Panalpina offers two new LCL (less than container load) services to its ocean freight customers. By adding seamless connections between Belgium and the USA as well as between China and Poland, the company reacts swiftly to an ever growing demand for improved end-to-end services.

Feb 10, 2010

Panalpina receives Statement of Objections from the European Commission

Feb 4, 2010

Panalpina appoints Alan G. Votaw as Head of industry vertical Automotive

Alan G. Votaw has been appointed as the head of the competence centre for the automotive industry vertical by the Panalpina Group. Automotive is one of Panalpina’s core industry groups within the customer portfolio, which also comprises oil and gas, telecommunications, hi-tech, retail and fashion and health care (pharmaceuticals and chemicals).

Jan 26, 2010

Panalpina opens office in Murmansk, Russia

Jan 20, 2010

Panalpina handles Samsung ocean freight and warehousing

Dec 9, 2009

Panalpina commenced settlement discussions with the US Department of Justice

The investigation by the global forwarding and logistics Group Panalpina in connection with alleged violations of the Foreign Corrupt Practices Act (FCPA) mainly in Nigeria is nearing completion.

Dec 4, 2009

Volex entrusts Panalpina with their Global Freight Management

The Volex Group - a world leading producer of high speed, fiber optic and complex cable assemblies as well as electrical power cords - has awarded its Global Freight Management to Panalpina.

Nov 18, 2009

Panalpina receives award from Sigma-Aldrich

Nov 5, 2009

Panalpina reports a 39% increase in free cash flow despite lower volumes and gross profits

The Panalpina Group significantly increased its transport volumes in the third quarter of 2009 compared to the second quarter of 2009. Air freight volumes grew by 10% and ocean freight volumes by 13%. Compared to the first nine months of 2008, free cash flow increased by 39% to CHF 161 million despite 18.5% lower gross profits. In terms of operating costs, Panalpina is well on track to achieve the previously announced full year CHF 130 million reduction.

Oct 26, 2009

Panalpina and Atlas Air extend their cooperation

The global forwarding and logistics group Panalpina and its long-time airline partner Atlas Air have renewed their cooperation agreement. Within this cooperation, Panalpina provides own-controlled capacity between Europe, North America and Mexico and links the company’s Oil & Gas hubs. The capacity of the service called “Dixie Jet” is managed by Panalpina while the Boeing 747F freighter aircrafts are operated by Atlas Air.

Oct 23, 2009

Panalpina Japan celebrates its 40th anniversary

40 years ago Panalpina established its first delegation office in Tokyo. In the meantime the company operates offices also in Osaka, Narita, Nagoya and Fukuoka. Coinciding with the forty-year anniversary, Panalpina Japan is gearing up to change its status from a commercial delegation to a completely operational entity.

Oct 21, 2009

While transport volumes have picked up significantly, gross profit performance falls short of the previous quarter

Panalpina, the global transport and logistics group, significantly increased its transport volumes in the air and ocean freight segments in the third quarter of 2009 as compared with the second quarter. That said, based on a 9-month comparison, volume growth and gross profit performance remained significantly below expectations. The cost development is in line with the objectives communicated by the company.

Oct 8, 2009

Panalpina awarded business by Giochi Preziosi

Sep 22, 2009

Panalpina awarded business by KRONES

Sep 3, 2009

Panalpina wins KCA DEUTAG Global Freight Tender

Aug 18, 2009

Panalpina awarded business by Thomson Mexico

Aug 10, 2009

Panalpina Japan goes operational

Panalpina and the NYK Group have agreed to realign the level of their current cooperation in Japan. Panalpina Japan will entirely in-source the air and ocean freight operations effective January 2010. In line with an earlier agreement communicated in February 2007, Panalpina will continue to represent the NYK subsidiary Yusen Air & Sea Service interests in various countries.

Aug 5, 2009

Panalpina achieves a solid result in a difficult market environment

Thanks to strict cost management and a consistently implemented cost-cutting program, the Panalpina Group succeeded in significantly reducing its cost base year-on-year and as a result was able to compensate for the fall in volume. Compared to the prior-year period, free cash flow increased by 175%, and compared to the first quarter of 2009, air freight volume rose in the second quarter of 2009 by 3%, ocean freight by 8%. A large number of new business deals in the SME customer segment failed to compensate for the falloff in volume from large customers. Currency fluctuations had a negative impact on results. Gross profit fell by 15% compared with the same period in 2008 (-11.5% in local currency terms). Net earnings for the first six months amounted to CHF 16.9 million.

Jul 27, 2009

Panalpina disputes shareholder compensation complaint

Jul 24, 2009

Panalpina Southeast Asia awarded by the Frost & Sullivan Transportation & Logistics Best Practices Research

Panalpina received three prestigious awards at the Frost & Sullivan Asia Pacific Transportation and Logistics Awards Ceremony 2009 confirming the company’s strong presence in this key region.

Jun 9, 2009

Panalpina with direct tarmac access at Amsterdam Schiphol airport

Panalpina has moved its offices and warehouse to a brand new location at Amsterdam Schiphol airport featuring over 12,000 square metres of space, making it the first ever logistics provider to have direct access to the tarmac. Using “Vrachtgebouw Nr. 18” (VR 18) will enable Panalpina to speed up its ground handling activities and improve the security of the supply chain, thus generating added value for customers.

May 8, 2009

Panalpina chosen as Huawei's prime LSP

May 5, 2009

Annual General Meeting 2009 approves all proposals of the Board of Directors

The Annual General Meeting of Panalpina World Transport (Holding) Ltd., held on 5 May 2009, was well attended once again. The participating shareholders represented 53,4 % of the share capital. All motions proposed by the Board of Directors were approved by a clear majority.

Apr 29, 2009

Panalpina achieves considerable cash flow increase

The Panalpina Group more than quadrupled free cash flow and grew gross profit per unit of cargo well above 20% in the first quarter 2009. In a very difficult market environment, the company’s gross profit declined by 11,4% compared to the same period of 2008 (-7.7% in local currencies). The implemented cost-cutting program shows encouraging results and is in line with the previously announced target of CHF 130 million savings until the end of the year. Net earnings decreased to CHF 1.9 million.

Apr 14, 2009

Panalpina celebrates the opening of its new office premises in Ho Chi Minh City

Panalpina, the global forwarding and logistics service provider, has opened a brand new office in Ho Chi Minh City. Panalpina CEO Monika Ribar officially inaugurated the new location, stating that the Group will continue its well proven growth strategy in Vietnam. In her speech of welcome she also highlighted the great strategic importance of Vietnam for the entire Group.

Feb 12, 2009

Panalpina celebrates the opening of its new logistics complex in Singapore

The new Distribution and Logistics Center was formally inaugurated by Panalpina CEO Monika Ribar, whose speech of welcome highlighted the great strategic importance of Singapore to the Panalpina Group – in the future as in the past.

Jan 28, 2009

Monika Ribar inaugurates the Yendi Eye Clinic in Ghana

Panalpina CEO Monika Ribar recently returned from her visit in Ghana where she was invited to inaugurate the Yendi Eye Clinic funded by Panalpina, the multinational logistics group. The event was organized by the Swiss Red Cross, the Ghana Red Cross Society and Ghana Health Gratitude.

Oct 30, 2008

Panalpina reports solid growth in revenues

Successfully manages impact by economic decline, currency fluctuations, and Nigeria

Oct 10, 2008

Panalpina: Smooth withdrawal from Nigeria

Panalpina will concentrate its future activities in Nigeria on transport services up to arrival port or airport. All domestic services, including customs clearance, have been discontinued.

Sep 12, 2008

Panalpina is pleased to announce the appointment of Sven Hoemmken as global Head of Supply Chain Management

The global forwarding and logistics group Panalpina has appointed Sven Hoemmken (44) as Head of its global Supply Chain Management sector, based at Group headquarters in Basel. He is to begin work in his new position on 1 December and will report directly to the Chief Marketing & Sales and Supply Chain Management Officer, Sandro Knecht.

Sep 3, 2008

Successful completion of Panalpina share buyback program

On 2 September 2008, global forwarding and logistics company Panalpina concluded the share buyback program that was initiated in August 2007. As planned, a total of 1.25 million shares were repurchased.

Jul 30, 2008

Panalpina reports dynamic growth in the first half year

The company will withdraw its domestic services from Nigeria later this year

May 23, 2008

Budapest – Panalpina’s new air freight product

The global freight transport and logistics group Panalpina offers its customers a new service that responds to the growing demand for flexible air freight solutions. This exclusive service offers Panalpina’s first direct freighter link from Hungary, into Russia and Hong Kong

May 13, 2008

Panalpina invests in state-of-the-art SAP systems

As part of the ongoing modernization of its IT environment, Panalpina has taken a huge leap forward and replaced its freight forwarding applications for its ocean and air freight businesses. Following an in-depth assessment, the global forwarding and logistics company decided in favour of a solution offered by its long-standing partner SAP.

May 7, 2008

Annual General Meeting 2008 approves all Board of Directors' proposals

The Annual General Meeting of Panalpina World Transport (Holding) Ltd., held on 6 May 2008, was well attended once again. The participating shareholders represented 47,79% of the share capital. All motions proposed by the Board of Directors were approved by a clear majority.

Apr 29, 2008

Panalpina reports organic growth in the first quarter

Strengthening of the Executive Board and management structures

Apr 18, 2008

Panalpina is confident despite decline in first quarter profits

Compared to the 1st quarter 2007, the global transport and logistics group Panalpina has increased its net forwarding revenue in the first three months of 2008, but reports lower net earnings.

Apr 8, 2008

Panalpina introduces new airfreight service Palmair to Latin America

The global transport and logistics group Panalpina offers its customers a new service linking its worldwide network with Latin America. Together with its partner Centurion Air Cargo, Panalpina serves destinations in Latin America via the gateway in Miami, Florida.

Mar 13, 2008

Panalpina posts convincing 2007 annual results

Continued organic above-market growth – Leading industry position in compliance matters as strategic strength

Mar 10, 2008

Panalpina appoints Marco Gadola as new Group Chief Financial Officer

The global freight forwarding and logistics group Panalpina has appointed Marco Gadola (44) as new Chief Financial Officer (CFO) and member of the Executive Board. He will take office in autumn 2008.

Jan 21, 2008

Management changes at Panalpina

John Klompers, Chief Marketing & Sales Officer and member of the Company’s Executive Board, is leaving Panalpina to pursue other professional challenges after having been with the company for 13 years. He has been released from his current responsibilities by mutual agreement. Panalpina thanks John Klompers for his great effort and contribution. A decision related to this position will be taken after the current review of group structures has been finalized.

Nov 16, 2007

Panalpina's CFO resigns

Jürg Honegger, Chief Financial Officer of the global freight forwarding and logistics group Panalpina, has taken the decision to resign for personal reasons. He will leave the Company during the course of next year to take up a new professional challenge. His successor will be announced in due course.

Nov 1, 2007

Solvay awards Panalpina with additional air freight business

Panalpina, one of the world’s leading providers of transport and logistics services, has been awarded significant further business from its customer Solvay Chemicals. The new air freight services will be in addition to the 13 000 TEU ocean freight per year that Panalpina already transports for Solvay. Solvay operates in pharmaceuticals, chemicals and plastics and has 400 units in over 50 countries.

Nov 1, 2007

Further persistent growth and strong profitability increase

The global freight transport and logistics group Panalpina continued its strong organic growth and again improved its profitability in the first nine months of 2007. Substantial new business wins in the major strategic key industries helped to further increase market shares in all areas. Gross profit grew by 16.4%, Ebit by 33.1% and net earnings by 33.3%.

Oct 10, 2007

Anti-trust investigation in the forwarding industry

In connection with alleged concerted practices in the area of transportation services, on 10 October 2007 the Swiss Federal Competition Commission (Weko) conducted a search also of the premises of Panalpina in Basel. A similar investigation by US anti-trust authorities has been conducted in the company’s headquarters in the USA.

Sep 20, 2007

Panalpina suspends disputed services in Nigeria and confirms 2007 annual targets

Panalpina, one of the world’s leading suppliers of forwarding and logistic services, has suspended part of its service offering in Nigeria including its temporary importation services for oil and gas customers. The announcement is made today at Panalpina’s Investor Day in London. The suspension of these services and its potential impact on certain global agreements with oil and gas customers is expected to have an effect on the group’s Ebitda; for the current fiscal year this is estimated to be between CHF 20 to 30 million. Despite this impact, the Company has confirmed its positive outlook and financial guidance for 2007.

Aug 9, 2007

Increased profitability throughout all regions and activities

In the first six months of 2007, the global freight transport and logistics group Panalpina continued its solid organic growth, further improved its profitability and increased market shares in all respects. While gross profit rose by 17.5%, Ebit grew by 53.5% and net earnings by 56.4%.

Jul 24, 2007

Panalpina investigates business practices in certain countries

Some of Panalpina’s customers have announced to US authorities the review of their business practices related to Nigeria. Panalpina has decided to conduct its own internal investigations.

May 25, 2007

Panalpina appoints new Regional CEO for the AMEC Region

The global transport and logistics group Panalpina has appointed Mario Kropf new Regional CEO for its AMEC (Africa, Middle East, Central Asia) business region. He will take office on 1 August 2007, reporting directly to CEO Monika Ribar.

May 25, 2007

Panalpina receives Planet Award of Partner Excellence from Lufthansa Cargo

The global transport and logistics group Panalpina has received an award for excellent partnership from Lufthansa Cargo. Both organizations have been working together for many years.

May 25, 2007

Panalpina appoints new Head of Human Resources

The global transport and logistics group Panalpina has appointed Alastair Robertson as the new Head of Human Resources (HR). He will take office on 1 September 2007 and will report directly to the CEO Monika Ribar.

May 15, 2007

Annual General Meeting 2007 approves all Board of Directors' proposals

The Annual General Meeting of Panalpina World Transport (Holding) Ltd., held on 15 May 2007, was well attended once again. The participating shareholders represented 48.57% of the share capital. All motions proposed by the Board of Directors were approved by an overwhelming majority.

May 10, 2007

Excellent first-quarter figures crown the career of retiring Chairman Gerhard Fischer

Thanks to a strong first-quarter momentum and further significantly enhanced profitability, the global transport and logistics group Panalpina continues its very successful development. While gross profit increased by 18.9%, Ebit grew by a remarkable 93.9% and net earnings even by 109.0%.

Apr 19, 2007

Rudolf W. Hug nominated as Chairman Designate

The Board of Directors of the global freight transport and logistics group Panalpina has appointed its member Rudolf W. Hug as new Chairman Designate. He will take office subsequent to the Annual General Meeting of 15 May 2007, succeeding Panalpina’s longstanding Chairman Gerhard Fischer, who will retire after 42 years with Panalpina.

Apr 4, 2007

Roland Wider leaves Panalpina

Roland Wider has resigned from his Executive Board and Chief Administrative Officer position of the global freight transport and logistics group Panalpina today. This decision was taken by mutual agreement.

Mar 15, 2007

Further strong growth leads to record figures for the business year 2006

Panalpina, the global freight transport and logistics group, continues its solid organic growth and posts excellent results for the year 2006 due to a strong performance and further improved profitability. The Group increased its net forwarding revenue by 11.3% to CHF 7,735 million, boosted net earnings by an impressive 52.5% to CHF 184 million and created more than 700 new jobs worldwide.

Feb 1, 2007

Panalpina and NYK reach agreement on a global cooperation

Panalpina and the NYK Group have agreed to cooperate both in Japan and internationally. The two companies can ideally support each other due to their complementary geographic networks and similar business models. According to the agreement, the NYK subsidiary Yusen Air & Sea Service (YAS) will become Panalpina’s agent in Japan whilst Panalpina will represent YAS’ interests in various countries in addition to its existing network.