Panalpina fights an uphill battle

The Swiss logistics company Panalpina grew on seafreight in the second quarter this year but is losing income in general.

Swiss Panalpina, competitor of DSV among others, announced that the global demand for freight has dropped significantly in the second quarter, according to Bloomberg News.

The company's earnings in airfreight have declined. The income from seafreight has gone up however. The company is reserved when it comes to demand for both air and sea freight in the next six months of the year.

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