Air, Business, Freight News, Logistics, Road, Sea

Panalpina back to profit

[ May 8, 2013   //   ]

The Panalpina Group returned to profit in the first quarter of 2013 after last year’s loss said the company, in announcing a consolidated profit of CHF 14 million for the first three months of the year. Net forwarding revenue increased by 4% to CHF1,602m and gross profit by 0.5% to CHF 366 million compared to the previous year. Air freight continued to struggle in a shrinking market, but ocean freight grew comfortably above market. Trends. The Logistics division also pursued its growth path.