Latest news from Heavy Lift & Project Forwarding International Magazine

Panalpina improves profitability

In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.

“We improved profitability despite a challenging market environment and during a time when considerable management resources were absorbed by the merger and acquisition topic,” said Panalpina ceo Stefan Karlen.

Karlen is referring to the acquisition of Panalpina by Denmark’s DSV, as HLPFI reported here. The company began its takeover bid in January 2019.

“Since the news of DSV taking over Panalpina broke, circumstances have changed. To give any sort of outlook is not only more challenging than ever before, but also constrained by legal restrictions,” added Karlen.

“However, Panalpina continues to conduct business as usual. We have continued to win new business after the transaction was announced and we are determined to keep doing so in the weeks and months ahead.”

www.dsv.com

www.panalpina.com

Heavy Lift | News

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: 261
Big Carl arrives at Bristol Port thumbnail image

Big Carl arrives at Bristol Port

May 23 - Sarens’ SGC 250 crane is presently in storage at Bristol Port, UK ahead of its delivery to the Hinkley Point C nuclear power plant.
Views: 438
Mammoet in Meyer takeover thumbnail image

Mammoet in Meyer takeover

May 22 - Mammoet has agreed to acquire heavy lifting, installation and assembly specialist Meyer Anlagenbau.
Views: 772

Heavy Lift Across The World

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