News / Panalpina back in the black as air freight takes off after two years in the doldrums

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A remarkable turnaround appears to be under way at Swiss logistics group Panalpina, which this morning released second-quarter results showing air freight on the increase for the first time in more than two years.

Chief executive Peter Ulber refrained from any chest-thumping, however, “Our second-quarter results show a slight recovery of our business. All our products managed to gain market share. Ocean Freight and Logistics show double-digit growth in terms of gross profit and Air Freight is growing again, albeit moderately.

Nonetheless, ...