Strict cost management will remain a top priority with Panalpina
Panalpina’s air freight showed the first volume increase after a long break and ocean freight continued to gain market shares
“We don’t expect any fundamental changes in the world economy but still anticipate a continuing recovery in our air freight business. Ocean freight as well as logistics value-added services are on track and the group’s profitability is slowly recovering” said Peter Ulber, CEO of the Panalpina group, when presenting the financial results of the enterprise with about 15,000 employees at 500 own branches in more than 80 countries.
The sales department of the global provider of supply chain solutions will focus on growth in strategic trade lanes and the further development of a balanced customer portfolio. They plan to selectively invest in their business platform while strict cost management will remain a top priority, emphasises Peter Ulber.
The Panalpina group improved profitability in the second quarter of 2013. The group’s consolidated profit increased by 44 per cent year-on-year to CHF 24 million. Gross profit went up by 10 per cent to CHF 399 million. The EMEA region saw an increase of gross profit by 9 per cent to CHF 196 million.
Panalpina’s air freight showed the first volume increase after nine quarters of declines (up 3 per cent) and grew ahead of market. Panalpina shipped 5 per cent more TEU in ocean freight, thus continuing to gain market shares, and logistics value-added services continued their positive development.
www.panalpina.com
Quelle: LogEastics
Portal: www.logistik-express.com