Panalpina swoops for its fourth perishables takeover since September

© Vinicius Bacarin

Panalpina has made yet another acquisition in the perishables arena, as it continues its expansion into the niche business.

Newport Cargo, an Argentine company based in Buenos Aires, is its fourth acquisition of a perishables-related business since September.

Newport handles 24,000 tons of air freight exports each year, making it one of Panalpina’s smaller acquisitions.

“Panalpina’s perishables activities originated in Latin America, which is one of the world’s high-production regions for fresh produce. By acquiring Newport Cargo, we are not only gaining control over Argentinian ...