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. After the acquisition of Apollo Forwarding in Adelaide last year, Panalpina will now incorporate another long-time partner company, Apollo in Perth. Although having traded […]

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. The agreement covers international trucking and customs clearance as well as local cross-docking and distribution services. The initial freight volume is approximately 200 trucks ex. Regensburg, Germany with cross-docking activities for 11’000 pallets including local […]

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

Panalpina announces the resignation of Günther Casjens from the Board of Directors. Due to other time consuming commitments, Mr Casjens decided to resign with immediate effect. The election of a new board member will be held at the Annual General Assembly on May 10, 2011. Günther Casjens joined the Board of Directors in 2005, the year in which the Panalpina […]

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. Panalpina announces the acquisition of Apollo Forwarding, Adelaide, effective immediately. The two companies have been close partners for over ten years, Apollo Adelaide having acted as Panalpina’s agent both locally […]

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. […]

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 […]