Panalpina’s ocean freight business weakens
Full-year figures reveal a moderate fall in the Swiss freight forwarder’s ocean freight numbers, although the segment’s loss was narrowed by an increase in profit per teu on 2017. Revenue and profit growth across the wider group was propped up by a strong year for Panalpina’s air freight business
Panalpina’s ocean freight volumes of 1.48m teu in 2018 represented a 2% drop year-on-year