Panalpina’s Deal Hunger Could Be Satisfied by Asian Partner — Panjiva


Panalpina’s Deal Hunger Could Be Satisfied by Asian Partner

Corp - Forwarders 160 Global 747 Mergers 202 Mode - Airfreight 132 Mode - Seaborne 1286 Mode - Truck 48

Panalpina’s Chairman, Peter Ulber, has stated the company is ready for “major takeovers” across its business lines. It’s not the first time a freight-forwarder has cited the need for consolidation recently, with DSV making similar comments in early August. Panalpina’s move would come shortly after disappointing results. In the second quarter its revenue growth of 4% lagged peer K+N’s 8% and the sector average of 5%. It has also fallen behind in more specific areas such as U.S. seaborne shipments, where its volumes dropped 4% vs. an average 5% increase. Panjiva analysis of over 2,300 comp...

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