Air Freight and Logistics
Company Overview of Panalpina Inc.
Panalpina Inc. provides freight forwarding, logistics, and supply chain management services in Canada. It provides intercontinental air freight, ocean freight, brokerage, and warehousing services. The company was founded in 1947 and is headquartered in Mississauga, Canada. Panalpina Inc. operates as a subsidiary of Panalpina World Transport Holding Ltd.
6350 Cantay Road
Mississauga, ON L5R 4E2
Founded in 1947
Key Executives for Panalpina Inc.
Area Managing Director of Oceania
Global Head of Air Freight
Compensation as of Fiscal Year 2014.
Panalpina Inc. Key Developments
Panalpina Inc. Reports Group Earnings Results for the Third Quarter and Nine Months of 2012; Appoints Lucas Kuehner as Its New Global Head of Air Freight as of December 1, 2012
Nov 6 12
Panalpina Inc. reported group earnings results for the third quarter and nine months of 2012. For the quarter, the company reported net forwarding revenue of CHF 1,721.2 million compared to CHF 1,507.9 million a year ago. EBITDA was CHF 18.1 million compared to CHF 54.2 million a year ago. EBIT was CHF 7 million compared to CHF 44.8 million a year ago. Consolidated profit was CHF 4.1 million compared to CHF 31.7 million a year ago. Underlying EBITDA was CHF 30.8 million compared to CHF 54.2 million a year ago. Underlying EBIT was CHF 19.7 million compared to CHF 44.8 million a year ago.
For nine months, the company reported net forwarding revenue of CHF 4,928.7 million compared to CHF 4,851.8 million a year ago. EBITDA was CHF 26.9 million compared to CHF 163.6 million a year ago. LBIT was CHF 5.1 million compared to EBIT of CHF 135.5 million a year ago. Consolidated loss was CHF 19 million compared to consolidated profit of CHF 98.7 million a year ago. Underlying EBITDA was CHF 98.9 million compared to CHF 163.6 million a year ago. Underlying EBIT was CHF 66.9 million compared to CHF 135.5 million a year ago.
The company has appointed Lucas Kuehner as its new Global Head of Air Freight as of December 1st, 2012. Kuehner will succeed Henrik Lund who has left the company. Kuehner joined the company twelve years ago and is currently Panalpina’s Managing Director in the USA.
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