News / Agility profits rise in first quarter to mitigate Panalpina disappointment

Agility may have reported a bounce of 4.1% in Q1 profits, but is likely to remember the period more for its failure to agree a deal with Panalpina as it looked for growth through consolidation. 

For a while, it appeared the Kuwait-headquartered operator was going head-to-head with DSV for Panalpina, but on 1 April DSV won the race. 

It may be that Panalpina simply used Agility to get the best price it could from DSV and, in so doing, swayed shareholder EGF ...