Panalpina and Cardiff Business School in search of the ‘hidden formula’ for lean inventories

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 […]

Panalpina reports disappointing full-year results despite progress in Ocean Freight and Logistics

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 […]

Panalpina is first in industry to be globally certified to OHSAS 18001 Health and Safety

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 […]

Panalpina: New Regional CEO appointed

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. “We regret the departure of Marco Gadola because he is a well experienced manager and contributed a lot to Panalpina’s performance,” […]

Panalpina expects goodwill impairment

Due to the loss of a major customer in Norway, Panalpina reviewed the goodwill position related to its acquisition of Norwegian-based Grieg Logistics in 2011. Based on the expected business development in Norway over the coming years, the Group considers that the intangible assets of its Norwegian operations have to be partially written off. The company expects an impairment charge […]

Mixed results for Panalpina in the third quarter

The third quarter of 2012 showed mixed results for the Panalpina Group. Gross profit increased by 7% year-on-year, driven by a solid performance in Logistics and Ocean Freight, but it was negatively impacted by a weak performance in Air Freight. Following a disclosure of preliminary figures in October, the Group today confirmed that the EBITDA came in at CHF 18 […]

Panalpina is now also officially GDP certified at Brussels Airport

Panalpina’s operations at Brussels airport are the latest to obtain official GDP (Good Distribution Practice) certification. Having not only fully GDP compliant but also officially GDP certified facilities at strategic locations around the globe, is part of the company’s strategy to service its growing customer base in the healthcare industry. Healthcare is one of Panalpina’s fastest growing business sectors, serving […]

Panalpina tests new waters to help healthcare companies work together and save costs

Panalpina, one of the world’s largest freight forwarding and logistics companies, says its customers in the healthcare industry could make significant cost savings in their supply chains by working together, such as by sharing transport space. For many years, the high value world of healthcare operated a “delivery first, cost later” approach when it came to their supply chain. But […]

Panalpina responsible for automotive spare parts logistics in Brazil

As one of the world’s leading providers of supply chain solutions, Panalpina has assumed responsibility for BMW’s spare parts logistics operations in Brazil with immediate effect. Panalpina will run a new distribution center for the automotive manufacturer in the country. The new warehouse, which has been set up exclusively for BMW’s operations in the Brazilian market, opened on October 1st […]

Further weakening of Air Freight volumes impacts Panalpina’s profitability

Preliminary financial figures for the third quarter of 2012 indicate that the EBITDA of the Panalpina Group will come in at between CHF 15 and 20 million, which already incorporates a one-off extraordinary charge of CHF 12 million. Profitability was negatively impacted by disappointingly weak Air Freight volumes (-8% year-on-year) and a higher cost base. In September, the Group recorded […]