ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HHLA advances despite chaotic market

Port company Hamburger Hafen und Logistik has seen much progress this past half year despite ”major operational challenges” on a volatile market.

Borr Drilling seeks capital in the US

Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.

Further reading

Related articles

Latest news

See all jobs