Panalpina Q1 profits rise, despite 'M&A distractions'
Improved efficiencies helped Panalpina to a first-quarter ebit up 15% to Sfr28.1m ($27.8m), while consolidated profit also ...
German digital freight forwarder InstaFreight has announced that air cargo veteran Dirk Reich (pictured above, second from right) has been appointed as its new chairman.
Mr Reich is also a board member of Panalpina, Skycell, IPT and Log-hub after a logistics career spanning 35 years. From 2014 to 2016 he was chief executive of Cargolux after a 20-year career at Kuehne + Nagel.
InstaFreight co-founder and MD Philipp Ortwein said: “We are delighted that in Dirk Reich we gained an expert in logistics as our chairman. We are convinced that his experience and industry knowledge will further strengthen InstaFreight.”
Mr Reich said: “Digitising logistics is an exciting challenge that InstaFreight is taking up. I see great potential in this business model and look forward to working with the InstaFreight team to shape the future of road logistics.”