Supply Chain News / Air Cargo / Ocean

Panalpina outperforms market in second quarter

August 15, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

CEO Monika Ribar noted, “We managed to gain market shares. We did better than the market not only in ocean freight but also in air freight where the market declined further in the second quarter of 2012. In ocean freight, the carrier’s steep rate increases on important routes caused margin headwinds but thanks to our record volumes we could still increase the division’s gross profit.”
Net forwarding revenue in the second quarter went up by 2.4 percent to CHF 1,668 million. Gross profit in the second quarter almost reached the previous-year level. It came in at CHF 363 million (-2 percent) despite a globally receding air freight market and several rate increases by ocean carriers.
Continued growth in Latin America led to a new second quarter and half year gross profit record of CHF 43 million or +7.5 percent. The sluggish development of the global economy was reflected in the other regions’ performance. Gross profit in Asia Pacific decreased to CHF 75 million (-3.8 percent) due to slowing exports to mature markets. In the EMEA region strong exports could only partly offset weak imports resulting in a decrease of gross profit to CHF 179 million (-2.2 percent). In a weak environment, gross profit also decreased in North America to CHF 66 million (-5.7 percent).
The Group’s gross profit margin decreased to 21.8 percent in the second quarter (22.8 percent in Q2 2011) mainly due to the rate increases by ocean carriers but remained stable at 22.7 percent for the first half.
 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

KC SmartPort Momentum

Kansas City SmartPort Momentum 2013 focused on 3PLs, the issues facing the industry, and the role or logistics in economic development

Podcasts

Assurance of Supply: A Top Concern for Manufacturers

Every manufacturer has an assurance of supply problem to some extent due to the complexity of global sourcing. For years, manufacturers were blessed with high margins but margins have grown paper thin. You can’t fill up your distribution centers with excess inventory – not only is there a cost factor but the pace of business and consumer buying trends causes goods to quickly turn obsolete. Assurance of supply provides the speed and agility that is essential to being able to compete in today’s market.

 

Speaker info: Diane Palmquist, VP Manufacturing Industry Solutions

                                         

More Podcasts

World Trade 100 Magazine

wt september 2014

2014 September

Check out the September 2014 edition of World Trade WT100, featuring the 2014 Logistics Directory, plus much more!
Table Of Contents Subscribe

Transportation Capacity

As peak season has gotten underway, what is your experience with transportation capacity?
View Results Poll Archive

WT100 STORE

world-class-warehousing.gif
World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members

STAY CONNECTED