Panalpina Clean energy for 54,000 Australian homes with Downer(Panalpina) [Forwarder]
Panalpina has been increasing its participation in the renewable energy sector by investing significant efforts and resources in the industry through its Energy and Project Solutions. As mentioned in its most recent article on renewable energy in Australia, the company is currently showcasing a series of valuable ongoing projects that will help reshape Australia’s energy future.
Today’s turn is for leading integrated services company Downer, which awarded Panalpina with the Ross River Solar Farm contract in 2017. Panalpina will control shipping, customs clearance, inland transport, warehousing and site coordination for ocean freight from Asia and the USA.
From mango farm to solar farm
Construction is now under way on a disused mango farm in the dry tropics of Queensland. The Ross River Solar Farm will have 417,000 solar panels installed with the capacity to generate 148 MW of clean energy – enough to power over 54,000 homes. The farm is expected to operate for up to 40 years, after which it will be refurbished for further use or decommissioned, returning the area to its natural condition.
“Downer insisted on a long-term cooperation for solar projects in Australia, and Panalpina is already engaged in logistics RFQs for new initiatives. They have a strong pipeline and we have put a framework agreement in place so they can add projects to our scope of work as they come online,” says Justin Bound,country head of Energy and Project Solutions for Australia and New Zealand.
Once the Ross River Solar Farm is complete, Downer will have facilitated the delivery of more than 2.3 GW of clean, zero emissions electricity to the Australian market.
Posted at 16:11 パーマリンク
Kuehne + Nagel sets up Innovation Centres in Europe and Asia to accelerate digital transformation [Forwarder]
Europe: Focus on major automation and innovative picking technologies
Asia Pacific: Focus on data analytics and IoT
Cooperation with universities and start-ups to co-develop innovative supply chains solutions
Strategic Partnership with Honeywell
With two newly inaugurated Innovation Centres in Utrecht, Netherlands, and Singapore, Kuehne + Nagel is partnering with customers to accelerate the development and adoption of new technologies and advanced supply chain solutions.
The Innovation Centre in Utrecht will primarily focus on major automation and innovative picking technologies. Kuehne + Nagel is among the first logistics providers to deploy collaborative robots in operations in line with a partnership with Universal Robots. The Asia Pacific Innovation Centre in Singapore will research and deploy new solutions on connected warehouses, with a focus on data analytics and Internet of Things.
Both centres hold partnerships with universities, start-ups and organisations to develop innovative supply chain solutions. The centres are open to customers who will get a vivid impression of how new technologies and solutions will impact their supply chains. The innovation centres will also serve as a sandbox to test and rapidly rollout new technologies.
Martin Kolbe, Chief Information Officer of Kuehne + Nagel: “We are working on seamless data exchange of different systems to drive automation and to minimise manual efforts. In addition we create new services and interfaces allowing customers to easily connect withKuehne + Nagel. Applying Big Data and predictive analytics, supply chains can be managed more efficiently and effectively.”
”The innovation centres in Singapore and Utrecht will boost our digital road map by exploring, applying and deploying leading technologies to manage our customers’ supply chains even more efficiently and effectively. The market for contract logistics services is transforming substantially due to the effects of digitalisation. With the Innovation Centers we invest in research and new technologies to accelerate this transformation”, said Gianfranco Sgro, Member of the Managing Board of Kuehne + Nagel International AG, responsible for Contract Logistics.
The Asia Pacific Innovation Centre, supported by the Singapore Economic Development Board (EDB), widens Kuehne + Nagel’s reach with the start-up and tech communities in Singapore and the Asia Pacific region.
Mr Kelvin Wong, Assistant Managing Director, EDB, commented: “We are glad that Kuehne+Nagel has chosen Singapore as its base, to develop new digital and IoT capabilities for its global operations. The Asia Pacific Innovation Centre will help strengthen collaborations within the logistics ecosystem, and accelerate the creation of innovative logistics solutions and best-in-class supply chain practices.”
During the inauguration ceremony in Singapore, Kuehne + Nagel announced a strategic partnership with global software-industrial provider Honeywell, supporting Kuehne + Nagel’s global innovation initiatives around Connected Warehouse. Kuehne + Nagel will deploy Honeywell’s industry-leading technology solutions globally at its warehouses, including voice directed solutions, cloud-based software, and warehouse automation solutions. The partnership is focused on productivity, accuracy, and efficiency improvements.
Posted at 21:15 パーマリンク
Panalpina reports record year in Air Freight [Forwarder]
International freight forwarding and logistics company Panalpina ended the year 2017 with strong Air Freight volumes and margins, while in the fourth quarter margin pressure continued to impact the financial results in Ocean Freight. For the full year, Panalpina’s reported EBIT increased from CHF 82.0 million (adjusted for restructuring costs 2016: CHF 109.9 million) to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million (adjusted 2016: CHF 80.2 million) to CHF 57.5 million. In local currencies, reported EBIT and consolidated profit in 2017 reached CHF 106.0 million and CHF 60.0 million, respectively.
“2017 ended with record high volumes and profitability in Air Freight. We secured extra capacity early on in the year, well ahead of the exceptionally strong peak season when global capacity became scarce. Consequently, we were able to serve our customers in a very challenging market where others failed,” says Panalpina CEO Stefan Karlen. “In Ocean Freight, we kept volumes stable throughout the year, but as margin pressure continued into the fourth quarter, a full-year loss resulted for that part of our business. All in all, 2017 demonstrated Panalpina’s robustness as we continued to go through a period of transformation and disciplined strategy execution.”
Panalpina Group: Results for the Full Year 2017
(CHF million) YTD 2017 YTD 2016
Net forwarding revenue
Gross profit 1,397.8 1,424.6
EBITDA reported 146.2 131.7
EBIT reported 103.3 82.0
Consolidated profit reported 57.5 52.3
Non-recurring items (28.0)
EBITDA adjusted 146.2 159.6
EBIT adjusted 103.3 109.9
Consolidated profit adjusted 57.5 80.2
Earnings per share (in CHF) 2.48 2.29
Dividend per share * (in CHF) 3.75 3.75
* Proposed to the annual general meeting
Higher EBIT and consolidated profit
In 2017, Panalpina’s gross profit decreased 2% to CHF 1,397.8 million (2016: CHF 1,424.6 million), while total operating expenses decreased 1% to CHF 1,251.6 million (2016: CHF 1,265.0 million). Reported EBIT and consolidated profit increased year-on-year, but decreased when compared to respective 2016 figures adjusted for restructuring costs. Reported EBIT reached CHF 103.3 million compared to CHF 82.0 million a year before (adjusted 2016: CHF 109.9 million) and the EBIT-to-gross-profit margin stood at 7.4% up from 5.8% (adjusted 2016: 7.7%). The consolidated profit increased from CHF 52.3 million to CHF 57.5 million. Barring negative currency impacts, reported EBIT and consolidated profit in 2017 reached CHF 106.0 million and CHF 60.0 million, respectively.
Panalpina’s Air Freight volumes increased 8% in 2017. The company transported 995,900 tons of air cargo last year (2016: 921,400), the highest volumes in the company’s history. From January to December, gross profit, unit profitability and EBIT in Air Freight increased with every quarter. Compared to the same period of last year, gross profit per ton decreased 1% to CHF 642 (2016: CHF 646), while overall gross profit increased to CHF 639.4 million (2016: CHF 595.2 million). Reported EBIT in Air Freight increased from CHF 80.8 million (adjusted 2016: CHF 93.5 million) to CHF 110.3 million. The EBIT-to-gross-profit margin came in at 17.3% compared to 13.6% (adjusted 2016: 15.7%) a year before.
Panalpina’s Ocean Freight volumes increased 2% year-on-year. Panalpina transported 1,520,500 TEUs (twenty-foot equivalent units) in 2017 (2016: 1,488,500 TEUs). Gross profit per TEU decreased 6% to CHF 281 (2016: CHF 298), bringing gross profit to CHF 427.2 million (2016: CHF 443.8 million). Substantially lower margins, resulting from a challenging carrier environment and moderately increased costs due to the ongoing IT system implementation, meant that Ocean Freight recorded an EBIT loss for the full year of CHF 15.1 million, compared to a loss of CHF 0.6 million in 2016 (adjusted 2016: CHF 10.9 million).
In Logistics, gross profit decreased 14% to CHF 331.1 million year-on-year (2016: CHF 385.7 million), but picked up in the fourth quarter while ramp-up costs for various projects and investments in a new facility in Singapore impacted EBIT. For the full year, Logistics posted an EBIT of CHF 8.1 million, compared to CHF 1.8 million (adjusted 2016: CHF 5.6 million) for the same period last year.
In light of the solid net cash position, the board of directors will propose an unchanged dividend payment of CHF 3.75 per share to the annual general meeting on May 8, 2018. This is equivalent to a dividend yield of 2.5% (based on the 2017 year-end share price).
“The fact that all relevant economic indices are trending upwards makes us reasonably confident for 2018,” says Karlen. “We have made solid progress in Air Freight and reached a good cruising altitude on which we can build and that will allow us to reach the targeted conversion ratio in due course. In Ocean Freight, we know what needs to be done to make it into calmer waters again and in Logistics, the focus remains on top-line growth by further expanding our offering of value-added services.”
The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products of Air Freight, Ocean Freight, as well as Logistics and Manufacturing to deliver globally integrated, tailor-made end-to-end solutions for eleven core industries. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy and Project Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in around 70 countries, and it works with partner companies in another 100 countries. Panalpina employs approximately 14,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.
Posted at 21:03 パーマリンク
Kuehne + Nagel’s new digital collaborative platform drives efficiency gains for international supply chain customers [Forwarder]
Most comprehensive platform
Frictionless customer experience
On time monitoring of supplier reliability and product availability
Long Beach / USA, March 2, 2018 – In the course of the upcoming Trans Pacific Maritime Annual Conference, Kuehne + Nagel today announced the launch of KN ESP. By the use of the platform, customers will be able to connect, collaborate and manage their physical and digital supply chains from sourcing to delivery on a global level.
Kuehne + Nagel’s new comprehensive supply chain management platform, KN ESP, offers a modular architecture to connect international supply chain customers with their vendors, their buyers and sellers, Kuehne + Nagel’s physical assets and experts, and their cargo flows. Improvements in supplier reliability and product availability will be enabled through control of the full product life cycle, from sourcing, quality control, purchase order negotiation and management, to commercial invoice release, buyer’s consolidation, transportation and delivery. With predictive analytics and artificial intelligence, KN ESP optimises orders and prioritises transportation decisions based on a set of customer’s defined business rules, cost and service options.
It is an addition to the KN technology suite for medium to large customers providing them with the most comprehensive response to complex supply chain needs. This includes an ongoing strategic partnership with GT Nexus.
“KN ESP unique features provide a synchronised, transparent and collaborative supply chain platform that eliminates communication frictions no matter how many systems or players are involved,” says Otto Schacht, Member of the Managing Board of Kuehne + Nagel International AG, responsible for Seafreight. “It is part of our digital strategy to become a data-driven value chain provider. The implementation of KN ESP strengthens our position in the international supply chain business and supports our customers to achieve long-term competitive edge.”
Posted at 15:36 パーマリンク
Kuehne + Nagel launches Sea Explorer, the first digital platform of comprehensive seafreight service offerings [Forwarder]
With the newly launched platform Sea Explorer Kuehne + Nagel offers digitally enabled insights into the largest seafreight service network, based on reliability, sustainability and transit time.
Sea Explorer offers Kuehne + Nagel’s customers an easy gateway to the company’s comprehensive overview of direct global seafreight services. With access to more than 3,000 vessels and more than 750 direct weekly services, Kuehne + Nagels network provides maximum flexibility in global container transport for all trades. Sea Explorer’s unique offering is based on the high level of integration and partnership with all major carriers.
The platform is an extension of Kuehne + Nagel’s outstanding quote, book and track capabilities. It is based on business intelligence derived from different operational data: algorithms built from robust industry expertise are paired with big data and predictive analytics provided by Kuehne + Nagel’s data company LogIndex.
Within Sea Explorer, services are ranked by smart indicators, based on big data technology, including a dynamic reliability indicator (DRI), emission score, nominal carrying capacity insights and realistic transit times for every service.
Today about 75% of the vessels arrive on-time and volatile reliability in lead times is one of the biggest challenges customers face in managing their inventory levels adequately. Through Sea Explorer customers now have the possibility to access comparative insights on service specific elements.
Kuehne + Nagel is committed to the protection of the environment and the preservation of oceans and biodiversity. Therefore the carbon emission rating actively supports customers to reduce the carbon footprint within the supply chain.
Otto Schacht, Member of the Managing Board of Kuehne + Nagel International AG, responsible for Seafreight: “High levels of data transparency are of utmost importance in logistics. Through Sea Explorer our customers will be able to access the world largest portfolio of seafreight service offerings. Thus they can base their respective decisions not just on transit times parameters but also on sophisticated comparative data such as service reliability and emission rating. We strive to provide the maximum visibility, flexibility and information to our customers throughout the world. Sea Explorer is another important step in our digitalisation approach.”
Sea Explorer is an agile project with further enhancements to come based on close collaboration with customers.
Posted at 15:35 パーマリンク
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