German Parcel, GLS change strategy
Parcel service German Parcel and its European holding General Logistics Systems (GLS) will bet on alliances and joint ventures in order to complete their network. Plans for acquisitions were given up.
Read MoreTag: Switzerland
Panalpina IPO postponed
The Basel-based Panalpina Group, one of the world’s leading providers of forwarding and logistics services, announced a few weeks ago that it would go public, but left the timing of the IPO open. The group’s sole shareholder, the Ernst Göhner Foundation, has now decided not to go ahead with the IPO this year, as it considers that the stock market situation is currently unfavourable for a successful share flotation.
Read MoreKuehne & Nagel successful first quarter in 2002
In the first three months of this financial year, the Kuehne & Nagel logistics group (KN) headquartered in near Zurich (Switzerland) has achieved a <> result, as the company reported in its press release.
In the first quarter of 2002, KN generated a net income of CHF 38.1 million.
Compared to the year-earlier period, this signifies an increase of 22.5%, if the one-off income of CHF 10.9 million from the sale of the Uniport Multipurpose Terminals BV (Rotterdam, the Netherlands) is disregarded.
Gross profit rose by 29% from CHF 373.4 million to CHF 481.7 million, and earnings before interest, taxes and amortisation (EBITA) increased by 10.3% to CHF 87.6 compared to the EUR 79.4 million of the year-earlier period.
Panalpina Annual Report 2001
Panalpina Annual Report 2001
Read MoreRail – Alliances can show the way
Forwarder Danzas has faith in rail freight, but believes liberalisation and partnerships are the way forward. The argument in favour of intermodal transport is an old and much mooted one. Everybody accepts that Europe needs to get more cargo on to its railways, if only to beat congestion on the motorways, while road transport is still necessary for the to-door leg of a consignment’s journey. The solution to this is clear: combined transport
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.