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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).