All Panalpina articles – Page 2
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NewsDynamic pricing arrives in air cargo with AF KLM and WebCargo
Freightos' Zvi Schreiber and Marcel de Nooijer of AF KLMAir France KLM Martinair Cargo (AF KLMP) and Freightos-owned booking portal WebCargo have launched a new partnership that they claim will bring dynamic pricing to air cargo for the first time.The partners said that the more than 1,400 forwarders using the ...
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NewsPanalpina airfreight volumes improve in Q1 despite market decline
Panalpina has bucked market trends by reporting an increase in air cargo volumes in the first quarter of the year, while overall profits and revenues were also on the up.The company, which looks likely to merge with Denmark’s DSV, saw airfreight volumes increase by 8% in the first quarter to ...
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NewsPanalpina board proposes no dividend and new chairman
Thomas Kern, chair of Panalpina's independent board of directorsPanalpina’s board of directors has proposed to elect Thomas Kern as chairman of the board at the upcoming annual general meeting (AGM), to be held on May 9. Meanwhile, the board has also proposed that no dividend be paid out to shareholders ...
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NewsChapman Freeborn appoints Neil Dursley as chief commercial officer
Neil Dursley, Chapman Freeborn. Source: Chapman FreebornChapman Freeborn Airchartering has appointed Neil Dursley as its chief commercial officer.His experience includes over seven years with Panalpina whom he joined in 2011. He most recently served as senior vice president government, aid and relief based in London, UK and previously held the ...
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DSV Panalpina: Focus on higher margins and growth rather than slimming down on jobs
DSV intends to lift the profit margin of $4.6bn take-over target Panalpina after the two global freight forwarders have combined their businesses into a $17bn turnover company.DSV boss Jens Bjørn Andersen indicated that the regulatory process in the all-share transaction should take around six months to complete, and that he ...
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NewsDSV boss "happy, proud and humble" to merge with Panalpina
DSV boss Jens Bjørn Andersen said that the proposed $4.6bn merger with Panalpina is expected to complete in around six months.Andersen, chief executive of Denmark-based DSV, made his comments during an investor call this morning on the “combination of forces” with Switzerland-headquartered Panalpina.The merger, still subject to shareholder and regulatory ...
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NewsBreaking news: Panalpina and DSV set to merge in $4.6bn deal
DSV and Panalpina have agreed the terms and conditions of a combination to join forces with a Public Exchange Offer to all Panalpina shareholders.If the DSV offer of SFr195.8 for each Panalpina share is successful, a deal worth around $4.6bn, DSV and Panalpina will become one of the world’s largest ...
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NewsVolga-Dnepr in helicopter switch over project
Volga-Dnepr An124 loading a helicopterVolga-Dnepr and forwarder Panalpina have transported two helicopters from opposite sides of the globe on behalf of multinational infrastructure firm Babcock.The project saw Volga-Dnepr deliver two AugustaWestland AW139 helicopters from the UK to their new home in Melbourne, Australia, and transfer two Sikorsky S-92 in the ...
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NewsPanalpina keeps it cool in Brazil
Panalpina Brazil has made a significant investment in its warehouse in Cajamar, São Paulo, as part of its strategy to improve its cold chain logistics solutions in the country.The warehouse is now exclusively dedicated to the cold chain market, with the capability to store various types of temperature-controlled cargo, such ...
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Panalpina EGM to take place on April 5
Takeover target Panalpina’s board of directors is to hold an extraordinary general meeting (EGM) on April 5, which will also support the motion of the shareholder Ernst Göhner Foundation (EGF) to implement the One Share – One Vote standard "to further enhance the company’s corporate governance".This would lift the 5% ...
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NewsRecord year for airfreight at Panalpina but no updates on DSV and Agility talks
Panalpina's latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in the company's history, but there is no further update on its potential takeover or merger.The Switzerland-headquartered freight forwarder reported a 9.1% increase in revenues to SFr6bn, earnings before interest and ...
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Panalpina shareholder battle continues with voting right dispute
Panalpina’s second largest investor has hit out at plans to change shareholder voting rules as the battle to control the future of the forwarder continues.Earlier this week majority holder, Ernst Göhner Foundation (EGF), which holds around 46% of the company, submitted a request a request that the company change to ...
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Panalpina considers voting rule change following shareholder complaint
Panalpina is considering changing its shareholder voting rules following a request from its majority investor.Majority shareholder Ernst Göhner Foundation (EGF), which holds around 46% of the company, has submitted a request that the company change to a One Share–One Vote standard at an extraordinary shareholders' meeting to be held prior ...
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NewsPanalpina introduces new digital portal
Panalpina has developed a new digital portal offering a wide range of instant and real-time services that it describes as “state-of-the-art”.Currently available to select customers by invitation only, it will be launched globally this summer.Customers will be able to manage their entire supply chain end-to-end with all their partners through ...
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NewsPanalpina subscribes globally to digital IATA manuals
Panalpina has become the first freight forwarder to subscribe globally to IATA’s digital manuals.As a result, its airfreight specialists right around the world can now access the latest regulations and industry standards online.This way, says the Switzerland-based company (and fourth-largest forwarder in the world in terms of air cargo volumes), ...
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Panalpina seeks tie up with Agility as DSV ups its offer
The ongoing Panalpina takeover saga took another twist today as the forwarder announced it was in talks with Kuwait-headquartered Agility over a potential tie up and in response DSV has upped its offer for Panalpina.Panalpina this morning confirmed media reports that it is "in discussions with Agility Group on potential ...
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Panalpina chief: We're on the acquisition trail
Panalpina chief executive Stefan Karlen has told the Swiss business press that the forwarder is on the acquisition trail, despite itself being a takeover target.Karlen told Finanz and Wirtschaft (F&W) that the company would be looking to grow organically and inorganically through acquisitions.This could include deals involving companies the same ...
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Panalpina shareholder urges board to consider DSV offer
One of Panalpina's major shareholders has written to the forwarder's board urging them to seriously consider DSV's takeover offer and to express its concern over the largest shareholder's control over the company.In a letter to the Panalpina board, David Samra, managing director of Artisan Partners, a 12% shareholder, said that ...
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DSV: No comment on Panalpina as profits rise
DSV saw profits and revenues take-off in 2018 but has declined to provide any further comment on its attempt to acquire Panalpina.The Copenhagen-headquartered freight forwarder saw full-year revenues increase by 5.5% to DKr79bn, earnings before interest and tax (ebit) were up 11.7% to DKr5.4bn and net profits increased 32.4% to ...
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UPDATED: Panalpina's major shareholder says no to DSV takeover offer
Panalpina's largest shareholder does not support the unsolicited SFr170 per share takeover bid by Danish logistics giant DSV that values the Switzerland logistics giant $4bn.The Ernst Göhner Foundation, with 46% of the total share capital in Panalpina, has informed the forwarder's board of directors that "it does not support the ...
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