Latest news from Heavy Lift & Project Forwarding International Magazine

Steady start for Panalpina

April 23 - Swiss forwarder and logistics services provider Panalpina had a steady to start to 2015, reporting a consolidated profit of CHF19.6 million (USD20.31 million) in the first quarter of the year, up 10 percent over 2014.

Earnings before interest and tax increased by 3 percent year-on-year to CHF25.3 million (USD26.21 million). However, group revenue fell from CHF1.596 billion (USD1.65 billion) year-over-year to CHF1.503 billion (USD1.56 billion).
Supported by high-volume contracts, Panalpina's ocean freight volumes grew 5 percent year-on-year - above an estimated market growth of 3 percent. However, Panalpina's air freight volumes only rose by 1 percent in the first quarter, against an estimated market growth of 3 to 4 percent, caused by lower volumes in the automotive sector.
"With the economic environment weaker than expected and uncertainties around the development of the oil price, the market is difficult to read," said Panalpina ceo Peter Ulber. "All the more, we will focus on strategy execution as we transform our business. Overall, we remain cautiously optimistic and expect to grow in line with the market in air freight and outperform the market in ocean freight."

Heavy Lift | News

Winners revealed at Heavy Lift Awards thumbnail image

Winners revealed at Heavy Lift Awards

October 16 - Almost 400 guests gathered at the inaugural Heavy Lift Awards ceremony last night at the Hilton Old Town hotel in Antwerp to celebrate the achievements of the heavy lift, specialised transport and project logistics sector.
Views: 814
Marguisa teams up with NileDutch thumbnail image

Marguisa teams up with NileDutch

October 16 - Marguisa has signed an agreement with NileDutch that will see the company’s Calabar service expanded with additional port calls in the Republic of the Congo and São Tomé and Príncipe.
Views: 296
DSV warns of cuts at Panalpina thumbnail image

DSV warns of cuts at Panalpina

October 15 - Corporate functions and positions at Panalpina may be cut or relocated to DSV’s headquarters in Denmark, as the companies continue with the integration process.
Views: 754

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