News / Panalpina keeps up with its larger rivals in Q3, as major logistics revamp gets results

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Swiss freight forwarder Panalpina today reported third-quarter earnings which show it keeping pace with compatriot Kuehne + Nagel in terms of ocean and air freight volume growth.

Sea freight volumes at the company rose 9% in the quarter to reach 429,200teu, up 8% year-on-year over the first nine months of 2014 to reach 1.2m teu – in contrast, Kuehne + Nagel handled 2.89m teu in the first three quarters.

However, both were above the market growth rate, which is estimated at 4%.

Panalpina ...