Panalpina

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Panalpina Welttransport Holding AG
Public
Traded as SIXPWTN
Founded 1935
Key people
Stefan Karlen, CEO
Products Freight Forwarding Services
Logistic Services
Revenue
  • CHF8.172 billion (2016)
  • CHF 5.196 billion (2013)
Number of employees
15,000 (2017)
Website panalpina.com
Panalpina's Boeing 747-8F parked by the cargo hangar at Huntsville International Airport.

Panalpina, a Swiss company, is a provider of forwarding and logistics services, specialising in intercontinental air and ocean freight and associated supply chain management solutions. It operates a network of some 500 branches in more than 80 countries; in a further 80 countries, the group cooperates closely with selected partners. Panalpina employs ~~ 15,000 people worldwide.

Hubs of Panalpina are situated in Luxembourg, at Findel Airport, Prague and in Huntsville, Alabama, at Huntsville International Airport.

Panalpina was fully owned by the Ernst Göhner Foundation until its successful public listing on the SWX Swiss Exchange on September 22, 2005. In 2005, Panalpina acquired Janco Oilfield Services in Singapore and Overseas Shipping Group in Norway. In 2017, the company acquired two companies in Germany and the Netherlands, respectively, to extend its network in the perishables business.

Panalpina offers services to various industry verticals such as Hi-Tech, Automotive, Telecom, Retail&Fashion, Healthcare as well as Oil and Gas. It has a leading position in providing logistic services on a global scale. In addition, Panalpina has wet lease or ACMI (aircraft, complete crew, maintenance, and insurance) agreements with cargo airline Atlas Air Cargo, which in turn has one Boeing 747 named "Spirit of Panalpina".[1]

Current fleet is composed of one Boeing 747-8F.

Panalpina issues master bills of landing under the "Pantainer" brand name.

In 2010 Panalpina agreed to resolve foreign bribery investigations and to pay more than $80 million in penalties. The U.S. Department of Justice and the Securities and Exchange Commission investigated whether the company had paid foreign officials to speed drilling rigs and other equipment through customs.[2]

References[edit]

  1. ^ "Panalpina and Atlas Air extend partnership". Payload Asia. 1 November 2009. Archived from the original on 31 January 2013. Retrieved 3 September 2017. 
  2. ^ "Oil Services Companies and a Freight Forwarding Company Agree to Resolve Foreign Bribery Investigations and to Pay More Than $156 Million in Criminal Penalties". www.justice.gov. United States Department of Justice. Retrieved 3 September 2017. 

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