Panalpina-Bosch-Connected-Worldstefan karlen-3

Swiss forwarder Panalpina managed to create value for shareholders last year, despite challenging trading conditions which impacted its underlying profits and cash flows.

It released fourth-quarter and annual numbers yesterday, when its management team told The Loadstar that 2017 had been “a solid year”, and 2018 would be another year of consolidation for the freight forwarder.

President and chief executive Stefan Karlen acknowledged that there was still work to do in certain divisions, but there remained tailwinds in the air freight business, the group’s largest net ...

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