Panalpina
 | |
| Public | |
| Traded as | SIX: PWTN |
| Industry | Transport |
| Founded | 1935 |
Key people | Stefan Karlen, CEO |
| Products |
Freight Forwarding Services Logistic Services |
| Revenue |
|
Number of employees | 15,000 (2012) |
| Website | panalpina.com |
Panalpina is a Swiss company, provider of forwarding and logistics services, specializing in intercontinental air and ocean freight and associated supply chain management solutions. It operates a network of some 500 branches in more than 80 countries; in a further 80 countries, the group cooperates closely with selected partners. Panalpina employs some 15,000 people worldwide.
Hubs of Panalpina are situated in Luxembourg, at Findel Airport, and in Huntsville, Alabama, at Huntsville International Airport.
Panalpina was fully owned by the Ernst Göhner Foundation until its successful public listing on the SWX Swiss Exchange on September 22, 2005. In 2005 Panalpina acquired Janco Oilfield Services in Singapore and Overseas Shipping Group in Norway.
While the company offers services to various industry verticals such as Hi-Tech, Automotive, Telecom, Retail&Fashion, Health Care as well as Oil and Gas, in the latter it has a leading position in providing logistic services on a global scale. In addition, Panalpina has so called Wet lease or ACMI (aircraft, complete crew, maintenance, and insurance) agreements with cargo airline Atlas Air Cargo, which in turn has one Boeing 747 named "Spirit of Panalpina".[1]
Current fleet is composed of one Boeing 747-8F.
Panalpina issues master bills of lading under the 'Pantainer' brand name.
In 2010 Panalpina agreed to resolve Foreign Bribery Investigations and to pay more than $80 Million in penalties. The U.S. Department of Justice and the Securities and Exchange Commission investigated about whether the company had paid foreign officials to speed drilling rigs and other equipment through customs.[2]