Latest news from Heavy Lift & Project Forwarding International Magazine

Panalpina remains stable in competitive market

Panalpina has reported stable results for the first half of 2019 (January to June), despite “more aggressive” tactics from its competitors. 

Announcing a consolidated profit of CHF34 million (USD34.5 million), compared to CHF36.1 million (USD36.7 million) for the same period in 2018, Panalpina ceo Stefan Karlen said: “After it was announced that Panalpina and DSV would join forces, our competitors went more aggressively after our business in the second quarter, but we stood our ground.

“The decrease in gross profit was chiefly the result of lower margins in airfreight and lower volumes from the automotive sector, which shifted into reverse gear. Nonetheless, group EBIT and profit almost reached last year’s levels. Given these circumstances, our stable half-year results are a respectable achievement.”

Meanwhile, industry reports suggest that DSV’s acquisition of the Swiss forwarder could be completed next month; the deal was slated for completion in October.

www.panalpina.com

www.dsv.com

Heavy Lift | News

Charter rates on an upward trajectory thumbnail image

Charter rates on an upward trajectory

November 12 - Time charter rates in the multipurpose shipping sector have increased slightly over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 229
PCB 2020 to discuss ‘Energy in Transition’ thumbnail image

PCB 2020 to discuss ‘Energy in Transition’

November 12 - The organiser of the Project Cargo & Breakbulk conference and exhibition 2020 (PCB 2020) has revealed the inaugural event’s conference theme and initial speakers.
Views: 294

Heavy Lift Across The World

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