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.


www.panalpina.com

Heavy Lift | News

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: 291
Seville prepares for more project cargo thumbnail image

Seville prepares for more project cargo

October 15 - The port of Seville revealed that it will make a series of infrastructure improvements aimed at attracting industrial traffic and project cargoes.
Views: 242
Webster appointed at Barnhart thumbnail image

Webster appointed at Barnhart

October 15 - Barnhart Crane & Rigging has appointed David Webster as senior vice president – operations.
Views: 205

Heavy Lift Across The World

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