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07/26/2010
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.
07/16/2010
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.
07/09/2010
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.
06/22/2010
Panalpina awarded by Ericsson
06/09/2010
Panalpina begins operations in new Dubai facility
05/19/2010
Panalpina and Cargill renew collaboration
05/04/2010
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.
04/29/2010
Panalpina with strong volume growth in first quarter 2010
04/21/2010
Update: European air traffic disrupted by ash spewing from Iceland volcano
04/16/2010
European air traffic disrupted by ash spewing from Iceland volcano
04/13/2010
Panalpina supports Nintendo distribution in Chile
04/12/2010
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.
04/09/2010
MK Airlines is temporarily suspending its operation
04/06/2010
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.
03/11/2010
Panalpina with strong free cash flow generation and stringent cost control but lower volumes and gross profit
03/09/2010
Panalpina Los Angeles grows to meet supply chain service demands
02/18/2010
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.
02/10/2010
Panalpina receives Statement of Objections from the European Commission
02/04/2010
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).
01/26/2010
Panalpina opens office in Murmansk, Russia
01/26/2010
Panalpina handles Samsung ocean freight and warehousing
12/09/2009
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.
12/04/2009
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.
11/26/2009
Panalpina nominated by VSB
11/18/2009
Panalpina receives award from Sigma-Aldrich
11/05/2009
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.
10/26/2009
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.
10/23/2009
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.
10/21/2009
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.
10/08/2009
Panalpina awarded business by Giochi Preziosi
09/22/2009
Panalpina awarded business by KRONES
09/03/2009
Panalpina wins KCA DEUTAG Global Freight Tender
08/18/2009
Panalpina awarded business by Thomson Mexico
08/10/2009
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.
08/05/2009
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.
07/27/2009
Panalpina disputes shareholder compensation complaint
07/24/2009
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.
06/09/2009
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.
05/08/2009
Panalpina chosen as Huawei's prime LSP
05/05/2009
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.
04/29/2009
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.
04/14/2009
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.
03/12/2009
Panalpina gains market share in 2008
Organic growth despite a challenging market environment
02/12/2009
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.
01/28/2009
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.
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Media Relations
Martin Spohn
Phone +41 61 226 11 66
martin.spohn@panalpina.com