Panalpina's 2012 saved by ocean, logistics

Ocean

Wednesday, March 06, 2013

Panalpina experienced declining air freight revenue in 2012, transporting 6 percent less tonnage than in 2011, but gains from the ocean freight and logistics side left the firm left it with a gross profit of CHF 1.46 billion ($1.54 billion), flat from last year. There was some growth on the air freight side in perishables and fashion shipments, but high-tech and telecommunications shipments, some of Panalpina’s most active cargoes in this business, experienced tonnage de...

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