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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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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Panalpina launches 'Brazil Wings' freighters to São Paulo

  Panalpina is adding a B747-400 freighter service to São Paulo, Brazil, aimed at manufacturers of heavy machinery and equipment for agriculture and mining. The direct service from US hub Huntsville to São Paulo, called Brazil Wings, has been designed for customers in the mid-west and in parts of the s south eastern US. As of March,...

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Panalpina goes into Africa again

Freight forwarder Panalpina has opened new bases in Morocco and Kenya as part of a drive to expand its presence in Africa, a continent in which it was once a dominant player in the oil and gas project sector. Offices in Casablanca in Morocco and Nairobi, Kenya, and will spearhead a drive for energy and infrastructure business. Regional chief executive for the Middle...

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Air freight volumes rise for Panalpina

Panalpina saw improved group level profitability in the first half of 2014 as air freight volumes grew four per cent over prior year. However, the Switzerland-based global logistics operator said that unit profitability in both the air and ocean freight segments was affected by a “challenging market”. While air freight rates “remained under...

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