Panalpina Acquired By DSV Under $4.6Bn Deal

Danish logistics giant DSV offered Swiss logistics giant Panalpina an unrefusable offer of Swis franc195 / share in a deal worth approx $4.6 bn in order to become world leading freight forwarding company . DSV & Panalpina both were in negotiation for last 2 months with deal starting at Swiss Franc 170/ share in January which seems to be finally closing at Swiss Franc...

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Saudia Cargo Transports 58 Cars to Riyadh For Formula E Series Racing

Saudia Cargo for the first time transported 58 cars & various equipment for ABB FIA Formula E Championship sponsored by Saudi Airlines . The cars , spares & equipment are flown in from various European destinations to Ad Diriyah located on outskirts of Riyadh also handling first time this ABB FIA Formula E Championship. Formula E championship inspired by...

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Hong kong airport sees resurge in cargo vol for August

After dip in cargo traffic in July, Hong kong airport sees cargo traffic growth in August . As per Hong kong International Airport (HKIA) the airport saw 2.4% growth YOY in August to 431000 tonnes. HKIA said: “The airport saw strong 9% year-on-year growth in transhipments, which contributed the most to the increase in cargo throughput. “Amongst key trading regions,...

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Panalpina Opens new logistics centre at Singapore

Located on Pioneer view with an area of 3.5 football pitches Panalpina opens new logistics centre at Singapore. The warehouse is constructed six floor measuring 25,800m2 of which major space is already rented out . As per chief executive officer of Panalpina Singapore is very important location for Panalpina as 96 out of its 100 global customer are based out of Singapore. The...

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