Panalpina has used one of its Boeing 747-8 Freighters to fly desperately-needed relief goods to the Central African Republic. The 100 ton load was organized in partnership with the United Nations Children’s Fund (UNICEF) and the donated charter flew from Luxembourg into Bangui, the nation’s capital, on December 18.
Panalpina is the first company in the world to achieve completely paperless flights for general air freight. Using its own controlled modern 747-8 freighter planes, the freight forwarder now operates several paperless (e-freight) port-to-port services with final destination in Europe, Hong Kong and the U.S.
Panalpina has added 26 new direct Less than Container Load (LCL) services in Asia. The services took just one month to implement and further expand the company’s vast global LCL network. Each service is based on scheduled weekly sailings, with many sailing two or even three times a week. All are designed to give customers a consistent and reliable service that supports their supply chain planning.
Panalpina’s Chief Information Officer (CIO), Rod Angwin, has been appointed to the company’s Executive Board, effective January 1st 2014. The appointment reflects the ever growing importance of IT for Panalpina and the industry as a whole.
The Panalpina Group reports a gross profit increase of 6% to CHF 403 million in the third quarter of 2013. The company continued to gain market share in both Ocean and Air Freight. Panalpina’s Logistics division showed further gross profit growth as it made more inroads into Value-Added Services. The group achieved a consolidated profit of CHF 24 million in the third quarter and CHF 62 million in the first nine months of the year.
Panalpina entered into a preliminary agreement to settle a U.S. class action lawsuit alleging anticompetitive industry practices regarding certain freight surcharges. Panalpina agreed to pay an amount of USD 35 million, which includes previously received proceeds of USD 5.8 million, in an unrelated class action against various airlines. The settlement is subject to U.S. court approval and will impact the fourth quarter 2013 results.
In its quest to move ever closer to its customers the Panalpina Group is realigning its regional setup and appointing a Chief Commercial Officer (CCO). A fourth region consisting of the Middle East, Africa and the CIS (MEAC) will come into effect on January 1st 2014. The new region will be headquartered in Dubai.
The Panalpina Group improved profitability in the second quarter of 2013. The Group’s consolidated profit increased by 44% year-on-year to CHF 24 million. Gross profit went up by 10% to CHF 399 million. Panalpina’s Air Freight showed the first volume increase after nine quarters of declines and moreover grew ahead of market. Ocean Freight continued to gain market share, and Logistics Value-Added Services continued their positive development.
Panalpina is expanding – and strengthening – its cooperation with Arcese Espana SAU, linking two more of its offices into the existing network with the Italian freight forwarding company.
Panalpina is introducing MyPanalpina+, an order management system based on the latest version of the customer-facing application, LOG-NET. Customers will benefit from its enhanced order processing capabilities, including better freight management services and improved visibility of their supply chains. The deployment of the new system demonstrates Panalpina’s continuing commitment to integrate its own processes into those of its customers, and the company’s focus on providing end-to-end solutions that go beyond traditional freight forwarding. MyPanalpina+ is also part of the company’s ongoing aim to remain at the forefront of the modern IT landscape.
Panalpina has become a global member of the Supply Chain Council, which will further enhance the company’s growing Supply Chain Optimization (SCO) services. Panalpina and its customers will now read from the same playbook, and use universal guidelines for the analysis and improvement of supply chain processes.
Healthcare is a growing business for Panalpina. The company’s temperature-controlled air freight shipments for healthcare customers have grown exponentially in the past four years. The last nine months alone saw an increase of 90% in this area. The recently inaugurated Healthcare and Pharma Center of LuxairCARGO at Luxembourg Airport puts Panalpina in an even stronger position to further grow its business with temperature sensitive cargo.
The Annual General Meeting of Panalpina World Transport (Holding) Ltd., held on May 15, 2013, was attended by shareholders representing 56.58% of the share capital. All proposals of the Board of Directors were approved by a clear majority. Peter Ulber made his first public appearance as Panalpina’s designated CEO.
The Panalpina Group returned to profit in the first quarter of 2013 after a loss in the last year. The provider of supply chain solutions reported a consolidated profit of CHF 14 million for the first three months of the year. Net forwarding revenue increased by 4% to CHF 1,602 million and gross profit by 0.5% to CHF 366 million compared to the previous year. While the Air Freight division continued to struggle in a shrinking market, the Ocean Freight division grew comfortably above market. The Logistics division also pursued its growth path.
Two Panalpina Air Freight executives have been elected to the boards of two global air cargo associations. Lucas Kuehner joins the board of The International Air Cargo Association (TIACA) and Jeannette Goeldi joins the board of Cargo 2000 (C2K). Their election ensures Panalpina remains at the forefront of important industry initiatives.
Panalpina’s Board of Directors proposes Dr. Ilias Läber for election as a new member of the Board of Directors at the upcoming Annual General Meeting of May 15, 2013. Läber is to replace Lars Förberg who decided not to stand for reelection. Both Läber and Förberg are representatives of Cevian Capital, Panalpina’s second biggest shareholder. Läber (39), a Swiss national, is a partner and Managing Director of Cevian Capital AG.
Monika Ribar, CEO of Panalpina, one of the world’s leading freight forwarding and logistics companies, will step down at the end of May 2013. Her successor is the internationally widely recognized freight forwarding expert and former Kuehne + Nagel management board member Peter Ulber (53). This change in CEO has been planned and prepared by the Board of Directors of Panalpina World Transport (Holding) Ltd and Monika Ribar as part of the company’s on-going succession process. Monika Ribar, who in addition to her role as CEO of Panalpina already serves on other companies’ boards of directors, plans now to turn her focus more on these non-executive managerial roles for the foreseeable future.
Global logistics and freight forwarding company Panalpina and Cardiff Business School, Cardiff University in Wales (UK), have agreed a strategic partnership for knowledge transfer. The partnership brings academic thinking and practical experience together to develop innovative solutions in the world of logistics. One of the goals is to develop new ideas and implement lean practices to facilitate the management and execution of complex supply chains within the framework of the product life-cycle.
The Panalpina Group looks back on a challenging year. Panalpina’s exposure to Air Freight and Europe-related trade lanes meant that Group gross profit did not gain altitude in the past year. While gross profit remained practically unchanged at CHF 1,465 million, higher costs and various non-recurring charges totalling CHF 114 million impacted the bottom line. The provider of supply chain solutions reported a Group loss of CHF 70 million. While Air Freight disappointed, Logistics and Ocean Freight did better. Ocean Freight grew twice as fast as the market with volumes reaching a new record high of almost 1.4 million shipped containers. In view of the healthy net cash position, Panalpina plans an unchanged dividend payment of CHF 2.00 per share.
Experts from leading inspection and certification company SGS have audited the forwarding and logistics services provider Panalpina across the globe. After completing the thorough audit process, SGS has granted Panalpina global OHSAS 18001: Health and Safety certification. Panalpina is the first and only multinational provider of supply chain solutions to achieve this certification globally. In addition, Panalpina was recertified globally to the standards ISO 9001: Quality and ISO 14001: Environment.
Panalpina today announced that Stefan Karlen, Managing Director Southeast Asia, has been appointed Regional CEO Asia Pacific with immediate effect. His predecessor Marco Gadola will be leaving the company to pursue a career opportunity outside of the logistics industry.