Panalpina publishes second integrated management report
Panalpina has published its second integrated management report, summarizing the company’s activities during 2017 in terms of business performance and sustainability.
Panalpina reports record year in Air Freight
Panalpina ended the year 2017 with strong Air Freight volumes and margins, while in the fourth quarter margin pressure continued to impact the financial results in Ocean Freight. For the full year, Panalpina’s reported EBIT increased from CHF 82.0 million to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million to CHF 57.5 million.
DSV Annual Report 2017 released
2017 was a record year for DSV with performance beyond expectation. After a strong Q4 2017, we are able to report full-year earnings for 2017 at the high end of our latest outlook and a very strong cash flow. With the UTi integration well behind us, we will now focus on developing DSV, and for 2018 we expect up to 11% growth in earnings.
Panalpina and Saudi conglomerate Al Rushaid agree to joint venture
Al Rushaid is one of Saudi Aramco’s main suppliers and a large Saudi conglomerate which provides services through partnerships in many different industries including oil and gas, manufacturing and construction. Pending regulatory approval, Panalpina will be tasked with managing the logistical aspects of Al Rushaid’s subsidiaries and joint ventures.
Panalpina expands Perishables Network into Belgium
Panalpina is to acquire the Belgian companies Adelantex and AD Handling, specialized in the handling of perishables imports in Brussels, Liège and Ostend. The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium’s market leader will further strengthen the Panalpina Perishables Network and the company’s end-to-end offering.
Panalpina donates UNICEF relief flight to Africa for the fifth time
Panalpina once again assisted UNICEF by flying relief aid to Africa, this time to help children suffering in South Sudan. The country’s humanitarian crisis is a culmination of years of civil war compounded by famine and disease. A Panalpina chartered cargo aircraft landed in neighboring Uganda, carrying nearly 80 tons of supplies.
Panalpina centralizes and expands Global Supply Chain Solutions offering
As part of its growth strategy, Panalpina has centralized its Supply Chain Solutions offering with plans to expand the existing team of experts and further invest in technology and infrastructure. Panalpina’s customers from across multiple industries will benefit from solutions that manage their supply chains from end-to-end and offer greater flexibility, customization, and visibility.
2017, the year when air freight took to new heights
2017 has been an exceptional year for air freight. The market has developed a new dynamic characterized by tight transport capacity and high freight rates. Panalpina’s early prediction of a very busy peak season in the last quarter turned out to be correct. In October, Panalpina recorded its highest ever monthly Air Freight volumes, a record that was beaten only one month later in November.
A taste for less waste
The purchase of a product often marks the end of a supply chain. But increasingly consumers are questioning the traditional linear process of “take, make, dispose”, demanding that manufacturers and retailers ensure that they reduce or eliminate waste. In the circular economy, logistics companies play an important role in extending the life of products through reuse, remanufacturing and recycling.
Prevention is better than cure
In an increasingly digital and automated freight forwarding environment, Panalpina is using Validaide, an open online platform it has co-developed, to qualify its key suppliers. The recently launched tool is already live in the first Panalpina business units, with all the remaining business units scheduled to go live by the end of the first quarter of 2018.
Andy Weber to leave Panalpina
Panalpina’s Chief Operating Officer, Andy Weber, has decided to leave Panalpina for personal reasons.
Job well done, blue.cruiser!
The thyssenkrupp blue.cruiser has taken an impressive second place in the Royal Automobile Club of Victoria (RACV) Cruiser Class of the World Solar Challenge. The SolarCar team from Hochschule Bochum did an excellent job throughout the race and was the first of its class to arrive at the finish line, but the Eindhoven team took the first prize thanks to a better overall standing.
More space for more opportunities in Prague
Panalpina has grown fast in Czechia the last few years. To keep pace with demand, the company decided to consolidate its three warehouses into one facility of almost 7,000 m2 within the modern logistics center in Pavlov, close to Vaclav Havel Airport Prague. Moving to this strategic location allows Panalpina to distribute shipments to customers across Europe and the globe more efficiently.
The skies are running hot
With the air freight peak season picking up, the skies are getting busier by the hour. Already in September, Panalpina’s global head of Air Freight, Lucas Kuehner, in an interview singled out HKG to LAX as one key lane where capacity would get even tighter. One month later, the scenario is a reality: “We are running at full capacity but will always find a solution for our customers."
Interim financial report for Q3 2017 released
"A strong commercial and operational performance in Q3 has driven earnings growth of more than 30% and a volume performance in line with or above the market. We are pleased to see our business continuously improving, and based on this, we upgrade our expectations for 2017 and launch a five-month share buyback programme of DKK 1,250 million."
#IcarusTrip: neutrino hunter on the move
Looking for one of the smallest particles – neutrinos – requires not only international cooperation but also quite a huge piece of scientific equipment. Panalpina recently helped to move one from CERN in Switzerland to Fermilab at the University of Chicago, where it arrived at the end of July 2017. It was a closely watched voyage.
Group profitability continues to increase in 2017
In the first nine months of 2017, Panalpina grew volumes in both Air and Ocean Freight compared to the same period of last year. As the year progressed, group gross profit as well as EBIT increased with every quarter. Year-on-year, Panalpina’s reported EBIT increased from CHF 67.5 million to CHF 72.1 million and the reported consolidated profit increased from CHF 46.5 million to CHF 48.4 million.
Rise and shine
Panalpina was recently contracted by Salini Impregilo (ISJV), a leading global construction firm, to transport the two main towers of a new rail bridge for Sydney Metro, Australia’s biggest public transport project. Transport for NSW, the authority that manages the transport services in the state of New South Wales, Australia and owns the project, tasked ISJV to build the bridge.
The solar race is on
The World Solar Challenge has started and our friends from the thyssenkrupp blue.cruiser are doing great! In case you missed it, here’s our previous feature on the blue.cruiser. Now let’s take a closer look.
Smartphones: of rare earths, recharging and recycling
How often do you change phones? When you do, do you stop to consider what is behind that piece of equipment that has become so essential to our lives? There is a whole "take, make and dispose” industrial model involved in making a smartphone, and it is extractive and non-sustainable – the circular economy.