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

Corp - Forwarders 134 Global 625 Mergers 194 Mode - Airfreight 129 Mode - Seaborne 1178 Mode - Truck 44

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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