Latest news from Heavy Lift & Project Forwarding International Magazine

Strong Q2 at Panalpina

July 29 - Panalpina Group has seen Q2 2013 gross profit grow by 10 percent year-on-year to CHF399 million (UAD430.1 million). Revenue during that time grew by 3.53 percent to CHF1.72 billion (USD1.85 billion).

Earnings before interest, tax, depreciation and amortisation rose 58.4 percent year-on-year in Q2 2013 to CHF52.1 million (USD56.05 million). Consolidated profit recovered 43.6 percentage points to CHF24.1 million (USD25.98 million).

"Our second quarter results show a slight recovery of our business," said ceo Peter Ulber. "All our products managed to gain market share. Ocean freight and logistics show double-digit growth in terms of gross profit, and also air freight is growing again, albeit moderately."

Panalpina saw gross profit increases in all regions - the EMEA saw an increase of 9 percent to CHF196 million (USD211.3 million); Asian export volumes to Europe saw moderate growth and gross profit in Asia Pacific rose by 8 percent to CHF81 million (USD87.31 million). Gross profit in the Americas, driven by strong Latin American trade, grew by 12 percent year-on-year to CHF122 million (USD131.5 million).

According to Panalpina, ocean freight volumes are growing continuously and it shipped 5 percent more teu than in Q2 2012, setting a new company record for second quarter volumes and outperforming the market average of 2 percent growth in process.

In the air freight sector, Panalpina reported 3 percent volume growth as demand from healthcare and oil and gas customers rose substantially. It is the first volume increase after nine consecutive quarters of decline in the segment.

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 352
Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 365
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 331
Crosby acquires Gunnebo Industries thumbnail image

Crosby acquires Gunnebo Industries

May 24 - Lifting, rigging and material handling equipment supplier the Crosby Group has acquired Sweden-headquartered Gunnebo Industries from Nordic private equity firm Segulah.
Views: 417

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.