Daily Archives: May 3, 2017

Panalpina expands footprint in Denmark

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As part of its global growth strategy, Panalpina has acquired Carelog, a Danish freight forwarding and logistics company with a strong foothold in ocean freight and roots in the western part of Denmark. Carelog and Panalpina complement each other ideally in terms of geography, product strengths and customer mix.

Panalpina World Transport (Holding) Ltd. has acquired a majority stake in Carelog Freight Service A/S and its subsidiaries. The transaction was completed yesterday in Copenhagen, Denmark.

“We want to increase our market share in Denmark,” says Stefan Karlen, Panalpina’s CEO. “The country has many export-oriented companies and its biggest industries, namely manufacturing, consumer, retail, fashion as well as healthcare, are industries that we focus on and serve globally.”

Read more at panalpina.com

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Annual general meeting 2017 approves all board proposals

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At the annual general meeting of Panalpina World Transport (Holding) Ltd., held on May 3, 2017, 60.01% of the share capital was represented. All proposals of the board of directors were approved by a clear majority and Dirk Reich was confirmed as a new member of the board of directors.

The annual general meeting approved the annual report, the annual financial statements, the consolidated 2016 financial statements and the distribution of a gross dividend of CHF 3.75 per nominal share. The dividend will be distributed on May 9, 2017.

The assembly granted discharge to all members of the board of directors and the members of the executive board for financial year 2016.

Read more at panalpina.com

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CBP Provides Update for FDA Foreign Supplier Verification Program (FSVP) Requirements

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On May 3, 2017 U.S. Customs and Border Protection (CBP) released Cargo Systems Messaging Service (CSMS) #17-000255 in partnership with the U.S. Foods and Drug Administration (FDA) regarding certain FSVP requirements.

According to the CSMS, in an effort to assist the trade while the FSVP is being on boarded, the FDA will allow for the temporarily filing of “UNK” (unknown) as a Unique Facility Identifier. UNK may only be used if the importer does not yet have a nine-digit, site specific DUNS number. A DUNS number will be unique for each location under an importer.

Read more at expeditors.com

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