Panalpina
Encyclopedia
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 90 countries; in a further 60 countries, the group cooperates closely with selected partners. Panalpina employs some 15,000 people worldwide.
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 a cooperating agreement with cargo airline
Atlas Air Cargo, which in turn has one Boeing 747 named "Spirit of Panalpina" http://www.payloadasia.com/article-4423-panalpinaandatlasairextendpartnership-PayloadAsia.html.
Panalpina issues master bills of lading under the 'Pantainer' brand name.
in 2010 Panalpina is close to settling foreign bribery charges by U.S. regulators to pay $85 mln over bribery allegations. the U.S. Department of Justice and the Securities and Exchange Commission have investigated about whether the company had paid foreign officials to speed drilling rigs and other equipment through customs
(source : http://www.reuters.com/article/idUSN1416302920101015)
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
services, specializing in intercontinental air and ocean freight and associated supply chain
Supply chain
A supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, raw materials and components into a finished product that is delivered to...
management solutions. It operates a network of some 500 branches in more than 90 countries; in a further 60 countries, the group cooperates closely with selected partners. Panalpina employs some 15,000 people worldwide.
Panalpina was fully owned by the Ernst Göhner Foundation until its successful public listing on the SWX Swiss Exchange
SWX Swiss Exchange
SIX Swiss Exchange , based in Zurich, is Switzerland's principal stock exchange . SIX Swiss Exchange also trades other securities such as Swiss government bonds and derivatives such as stock options.The main stock market index for the SIX Swiss Exchange is the SMI, the Swiss Market Index...
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 a cooperating agreement with cargo airline
Cargo airline
Cargo airlines are airlines dedicated to the transport of cargo. Some cargo airlines are divisions or subsidiaries of larger passenger airlines.-Logistics:...
Atlas Air Cargo, which in turn has one Boeing 747 named "Spirit of Panalpina" http://www.payloadasia.com/article-4423-panalpinaandatlasairextendpartnership-PayloadAsia.html.
Panalpina issues master bills of lading under the 'Pantainer' brand name.
in 2010 Panalpina is close to settling foreign bribery charges by U.S. regulators to pay $85 mln over bribery allegations. the U.S. Department of Justice and the Securities and Exchange Commission have investigated about whether the company had paid foreign officials to speed drilling rigs and other equipment through customs
(source : http://www.reuters.com/article/idUSN1416302920101015)