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2018/11/04/(Sun)

Panalpina: 6,000 km overland shipment from China to Kyrgyzstan [Forwarder]

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In barely 14 days, Panalpina completed a 6,000 km cross-border journey to deliver 125 tons of industrial equipment from Wuxi, a city near Shanghai, China, to Tokmok, Kyrgyzstan, for Swiss-based Bühler Group.

In light of China’s One-Belt-One-Road strategy, Bühler, whose core technologies are in the areas of mechanical and thermal process engineering, needed an overland transport solution for its first production line for export to Kyrgyzstan.

As Bühler’s global strategic partner, Panalpina used a tailor-made solution with eleven flatbed trucks to carry the 935-cubic-meter load. The equipment was collected at different locations in Wuxi and transported to Xinjiang in western China, and then across the border at Torugart Pass, one of only two border crossings between the countries. Once on Kyrgyz soil, the convoy headed north to its final destination at Tokmok.

Panalpina’s customized end-to-end solution included a cargo packing plan and wooden crate repacking to maximize loading capacity; customs clearance; and transshipment to foreign trucks.

The Panalpina Suzhou business unit acted as command center, setting up effective communication channels at multiple points in China and abroad for complete visibility and control.

Although cross-border trucking from China to Central Asia is a relatively new trend, it is becoming increasingly popular, as it represents a reliable and cost-effective solution with a high level of security.

Panalpina is well-known and appreciated in the Chinese market for its experience in handling scheduled and one-off overdimensional projects, and maintains a high level of readiness.

Posted at 18:47   パーマリンク

2018/10/27/(Sat)

Panalpina increases group profitability [Forwarder]

In the first nine months of 2018, international freight forwarding and logistics company Panalpina increased group profitability compared to the same period of last year. From January to September, gross profit increased from CHF 1,024.8 million to CHF 1,116.2 million.Year-on-year, Panalpina’s EBIT increased from CHF 72.1 million to CHF 83.2 million and the consolidated profit increased from CHF 48.4 million to CHF 51.0 million.

“In a year that so far has been characterized by strained international trade relations, we have increased profitability of the group compared to the first nine months of 2017,” says Panalpina CEO Stefan Karlen. “The macroeconomic uncertainties of the third quarter resulted in air and ocean freight markets that were not as strong as predicted. We saw a market where ocean freight peak season was weaker than anticipated. The air freight rates went up, which impacted our margins as expected. In all, we have stood our ground in a very volatile environment.”

Panalpina Group: Results for the first nine months of 2018

(CHF million) YTD 2018 YTD 2017
Net forwarding revenue 4,442.5 4,065.5
Gross profit 1,116.2 1,024.8
EBITDA 208.5 103.9
EBIT 83.2 72.1
Consolidated profit 51.0 48.4
Increased profitability

Group gross profit increased 9% to CHF 1,116.2 million in the first nine months of 2018 (YTD 2017: CHF 1,024.8 million), while total operating expenses decreased from CHF 920.9 million to CHF 907.8 million. EBIT and consolidated profit increased year-on-year, EBIT reached CHF 83.2 million compared to CHF 72.1 million a year before and the EBIT-to-gross-profit margin stood at 7.5% up from 7.0%. The consolidated profit increased from CHF 48.4 million to CHF 51.0 million.

Air Freight

Panalpina’s Air Freight volumes increased 4% in the first nine months of 2018, in line with estimated market growth of 4%. Compared to the same period of last year, gross profit per ton increased 12% to CHF 705 (YTD 2017: CHF 632), resulting in a gross profit of CHF 530.1 million (YTD 2017: CHF 456.0 million). EBIT in Air Freight increased from CHF 69.4 million to CHF 80.2 million. The EBIT-to-gross-profit margin for the first nine months of 2018 came in at 15.1% compared to 15.2% a year before.

Ocean Freight

Panalpina’s Ocean Freight volumes from January to September 2018 decreased by 2% year-on-year, compared to an estimated market growth of approximately 3%. Gross profit per TEU increased 5% to CHF 296 (YTD 2017: CHF 283), resulting in a gross profit of CHF 331.9 million (YTD 2017: CHF 323.4 million). For the first nine months, Ocean Freight posted an EBIT loss of CHF 5.3 million, comparable with the loss of CHF 5.5 million in 2017. However, in the last two quarters, Ocean Freight was at break-even.

Logistics

In Logistics, gross profit increased 4% to CHF 254.2 million year-on-year (YTD 2017: CHF 245.4 million). Logistics posted an EBIT of CHF 8.3 million for the first nine months of 2018, compared to CHF 8.1 million for the same period last year.

Outlook

“Due to macroeconomic and political uncertainties, it is challenging to accurately predict the dynamics of the the air freight peak season and the impact on rates and volumes this year, but we have prepared meticulously, securing capacity for our customers and ensuring readiness on the ground at strategic airports. In ocean freight, we expect fairly strong flows into the USA, but otherwise moderate market growth globally and our focus remains on unit profitability improvement,” says Karlen. “The volatile freight forwarding environment is a constant reminder that we need to do everything in our control to continue to build an organization that is fit for sustainable, profitable growth.”

Posted at 22:02   パーマリンク

2018/10/24/(Wed)

Kuehne + Nagel Group | 9-Months 2018 Results [Forwarder]

Success continues
Market share gains through strong volume growth
Significant increase in turnover and gross profit
EBIT and earnings for the period well up on previous year
Schindellegi / CH, October 18, 2018 – The Kuehne + Nagel Group significantly increased EBIT and earnings for the period in the first nine months of 2018. The conversion rate (EBIT-to-gross-profit ratio) remains at a high level. The company achieved strong volume growth, with a particularly dynamic development in seafreight.

Kuehne + Nagel Group
January to September 2018 2017 Variance
CHF million
Net turnover 15,361 13,525 +13.6%
Gross profit 5,736 5,136 +11.7%
Operational result (EBITDA) 906 840 +7.9%
EBIT 745 685 +8.8%
Earnings for the period 580 540 +7.4%

Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG: “Kuehne + Nagel has continued its dynamic performance from the first half of the year into the third quarter and achieved a very positive result for the first nine months of 2018. The performance in the business units seafreight, airfreight and overland is remarkable. In contract logistics, results are as expected negatively affected by investments in the operation platform, which have been realised according to plan in this year. Based on the very good results of the first nine months, we expect this year to close successfully.”

Seafreight
In seafreight, Kuehne + Nagel increased the volume by 8.8 percent and thus grew twice as fast as market. In the first nine months of the year the company shipped 3.519 million standard containers (TEU), 284,000 more than in the same period of the previous year. A substantial amount of new business was gained with digital end-to-end solutions, with high demand on the market for the two digital platforms KN ESP and SeaExplorer, launched in 2018. EBIT for the first nine months of the year was up 5.2 percent at CHF 324 million with stable margins. The conversion rate of 29.0 percent remains a leading mark in the industry.

Airfreight
Airfreight stayed en route for success in the first nine months of 2018 and continued its strong performance from the previous quarters. Tonnage increased by 16.0 percent to 1,302 million tonnes, therewith well above market growth with major contributions from industry-specific end-to-end solutions. With the recent acquisition of Panatlantic’s business, a perishables airfreight specialist in Ecuador, Kuehne + Nagel continues to strengthen its network in this segment after successfully completing the integration of CFI Commodity Forwarders, the leading perishables provider in the USA. EBIT was up 19.4 percent against the same period of the previous year at CHF 271 million. The conversion rate remained high at 30.3 percent.

Overland
Success continued in Kuehne + Nagel overland with a net turnover growth of 16.2 percent compared with the same period of the previous year whilst gross profit increased by 15.6 percent. EBIT improved 58.3 percent over the previous year to CHF 57 million. This strong performance was driven by the US intermodal business, benefiting from the increase in oil prices, and dynamic business development in Europe, particularly in Germany and the UK.

Contract logistics
Growth in contract logistics was well above the market with net turnover increasing by 10.6 percent and gross profit by 10.7 percent. Business performance developed well in North America, Asia and Germany and with e-commerce fulfilment solutions. Results are negatively affected by investments in the operation platform, which have been made according to plan in this year. At CHF 93 million EBIT was as expected below the previous year’s level. Key milestones in contract logistics were reached with the successful launch of a new digital warehouse management system and leading digital end-to-end solutions. Furthermore, Kuehne + Nagel agreed on the acquisition of a Chinese automotive logistics group and a local Indonesian logistics company.

Posted at 21:21   パーマリンク

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