Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Maersk Air Cargo ditched some of its less-profitable customers, a move which saw its airfreight ...
Panalpina’s poor showing in ocean freight dominated its finance and earnings call this morning as it released its third-quarter results.
As investors privately expressed “disappointment”, Panalpina itself focused on the 8.9% year-on-year growth in gross profit, to CHF1.116bn ($1.117bn), with ebit up 15.5%, to CHF83.2m, and profit up 5.4%, to CHF51m.
However, ocean freight saw a 2% fall in volumes, “owing to a discontinued high-volume contract at the end of last year,” said Robert Erni, CFO.
It is the same line the company has used in ...
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
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