Panalpina, one of the world’s leading providers of supply chain solutions, has opened a new logistics center in the Chinese city of Tianjin. The Tianjin Logistics Center marks an important milestone in the company’s forward strategy to extend its Value-Added Logistics Services (VAS) capabilities not only in China but throughout the world. The Tianjin Logistics Center also reflects the strategic partnership between Panalpina and Bosch Automotive Diesel Systems Co., Ltd.
The Panalpina Group is putting in place three regional CEOs. The key role of the regional CEOs (RCEOs) for Europe/Middle East, Asia Pacific and the Americas will be to implement the recently defined Corporate Strategy 2014. Marco Gadola, Chief Financial Officer, will become the RCEO Asia Pacific. Volker Boehringer, Area Manager Central Europe, will become the RCEO Europe/Middle East. The search for the RCEO Americas as well as the new CFO is under way. The changes will come into effect in the first half of 2012.
Panalpina, one of the world’s leading providers of supply chain solutions, today announced the launch of two new own operated direct Less than Container Load (LCL) services through its in-house carrier Pantainer Express Line. The new guaranteed weekly services are from Keelung (Taiwan) and Busan (South Korea) to Wroclaw (Poland). The new services reduce transit times by two days and CO2 emissions by as much as 6.9%.
The Panalpina Group reported strong results for the third quarter of 2011. Currency adjusted, gross profit increased by 11% year-on-year, supported by organic growth across all regions and segments. Volumes outpaced the market in Ocean Freight and gained traction in Air Freight. The strength of the Swiss franc continued to have a significant adverse effect on the financial results of the Group.
Panalpina has announced that the Group is now Cargo 2000 certified for Phase 1. Cargo 2000 is an industry initiative in three phases aiming at implementing a quality management system for the worldwide air cargo industry across multiple stake-holders. Phase 1 manages airport-to-airport, Phase 2 door-to-door shipments. Phase 2 certification is expected to follow in 2013, in line with the roll-out of a strategic IT initiative at Panalpina.
Panalpina continues to grow rapidly in India. Only two weeks after opening a branch in Jaipur, Rajasthan, the company has today opened another branch in Ludhiana, Punjab.
Capgemini Consulting, Penn State University, Heidrick & Struggles and global logistics provider, Panalpina, today announced the findings of the 16th Annual Third-Party Logistics (3PL) Study, examining the global market for outsourced logistics. The report reveals that already 51% of 3PLs provide supply chain consultancy services. However, only 11% of companies are getting supply chain consultancy services from 3PLs. The full report as well as the joint media release with the key findings can be downloaded from www.3plstudy.com.
Panalpina further expands into north India by opening an office in Jaipur, Rajasthan. Rajasthan State and especially Jaipur, which is being developed as a Special Economic Zone, is home to many existing and potential Panalpina customers.
Panalpina, one of the world’s leading providers of supply chain solutions, today announced the launch of three new direct Less than Container Load (LCL) services through its in-house carrier Pantainer Express Line. The new guaranteed weekly services are connected to the Asian key hub in Singapore. They are Singapore inbound from Haiphong (Vietnam), Phnom Penh (Cambodia) and Cebu (Philippines). All new services play part in Panalpina’s Asian growth strategy.
Panalpina and Atlas Air have signed a new multi-year aircraft, crew, maintenance and insurance (ACMI) contract for two leading-edge technology Boeing 747-8F. The aircraft will enter service in the first half of 2012 and operate in Panalpina’s unique own controlled air freight network, replacing the two current Boeing 747-400F. Compared to the 747-400F, the industry’s newest freighter has 16% additional cargo volume but is expected to have the lowest carbon dioxide emissions in its class. With the new aircraft, Panalpina is optimally set up to meet industry specific requirements and the increasing demand for large-freighter capacity, especially in the Healthcare, Hi-Tech, Automotive and Oil and Gas industries.
Traditionally, there have been only two main choices for cargo flows between China and Southeast Asia: costly air freight, or slower ocean freight. Now, Panalpina is introducing a new alternative solution: Intra Asia road transport, connecting China, including Western China, with Vietnam, Laos, Thailand, Malaysia and Singapore. Value Added Services include customs clearance with on-site staff and close security monitoring.
Panalpina, one of the world’s leading providers of supply chain solutions, today announced the launch of three new own operated direct Less than Container Load (LCL) services through its in-house carrier Pantainer Express Line. The new guaranteed weekly services, Shanghai to Rotterdam, Hong Kong to Rotterdam and Singapore to Rotterdam will further optimize the supply chain between Asia and Europe. Compared to previous routings the new services reduce transit times by two to four days and CO2 emissions by as much as 6.5%.
Half way into 2011, the Panalpina Group reported further organic gross profit growth despite a slowing environment. In the second quarter of 2011, gross profit decreased by 2% year-on-year to CHF 371 million. Currency adjusted it increased by 10%, supported by organic growth across all regions and segments, especially in North and Latin America. Panalpina’s focus on profitability affected volumes. Also, the strength of the Swiss franc had a considerable impact on the financial results of the Group.
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.
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.
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%.
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.
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.
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.
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.
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).
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.
Panalpina expands into northwestern India by opening an office in Ahmedabad, Gujarat.
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.
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.
Panalpina named as “Molex 2010 Supplier of the Year” with its excellent team work and service commitment.
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.
Panalpina is expanding into western China by opening an office in Chonqging, following its Wuhan Centralized Services Center and Chengdu office.
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.
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.
Panalpina announces the appointment of Rainer Weihofen as new Corporate Head of Communications.