Tag Archives: Panalpina

Panalpina introduces new advanced CO2 calculation tool for customers

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Effective immediately, Panalpina will automatically calculate all customers’ emissions from the transport services they use based on the reporting standard EN 16258. This recently introduced European standard includes upstream emissions from fuel production, other greenhouse gases besides CO2 and energy consumption. The state-of-the-art tool “EcoTransIT World” will run more accurate reports for customers so they can develop effective strategies to reduce the environmental impact of their global transport chains.

EcoTransIT calculates emissions for each shipment including pre- and on-carriage movements based on distance, weight, transport mode, and the type of vessel or aircraft. The latter can usually be derived from flight numbers. For air freight, the actual routing – this can involve several airports – is used. For ocean freight, the ship size and speed reductions are considered. Distances are calculated using comprehensive GIS (Geographic Information System) data. Besides worldwide up-to-date road networks this database also contains the geographic coordinates of over 100,000 airports and ports.

All necessary shipment information is sent from Panalpina’s communication platform to EcoTransIT servers where sophisticated algorithms are applied to calculate CO2 emissions and other parameters, such as particulate matter, as precisely as possible. The results are sent back to Panalpina where all the data is stored. Panalpina can then use this data to run reports and send them to the customers as needed.

“EcoTransIT is a proven technology for mass calculations with a flexible interface. With the new system we can run far more accurate and detailed reports and do it much more efficiently than in the past,” says Lindsay Zingg, global head of Quality, Health, Safety and Environment at Panalpina. “Our next step will be to make the tool directly accessible to our customers. Our goal is also to be able to give up-front online information on the CO2 impact of a single shipment. Our final stage will be to include CO2 levels and other environmental data in invoices.”

EcoTransIT is aligned with the recently introduced EN 16528 European standard for the calculation and declaration of energy consumption and greenhouse gas emissions of transport services. The standard goes beyond the usual CO2 reporting and emissions are disclosed as CO2 equivalents (CO2e). CO2 equivalents include greenhouse gases other than CO2. For transport processes these include methane (CH4) and nitrous oxide (N2O), which are converted to CO2 equivalents with a factor of 25 and 298, respectively (i.e. 1 kg of CH4 is equal to 25 kg of CO2). Upstream emissions from fuel production are also included in the new standard, while the total energy needed to make a shipment is expressed in gigajoules (GJ).

“We want to be a pro-active player in environmental aspects. By providing our customers with the best possible accuracy and transparency for measuring the environmental impact of their shipments, we enable them to make informed decisions about the optimal mode of transport and routes,” comments Zingg.

Notes to the editor:

Panalpina’s PanGreen program

Panalpina considers environmental protection to be a key obligation. PanGreen is Panalpina’s global program for green solutions and part of its strategy for sustainable growth. Under PanGreen, the company has achieved global certification to the standard ISO 14001. An internal CO2 monitoring system has been put in place and subcontractors are encouraged to reduce their CO2 emissions. The new advanced CO2 calculation for customers’ shipments based on the reporting standard EN 16258 marks the latest achievement of the PanGreen program.

About Panalpina

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, and Logistics to deliver globally integrated, tailor-made end-to-end solutions. 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. The Panalpina Group operates a global network with some 500 offices in more than 70 countries, and it works with partner companies in a further 90 countries. Panalpina employs around 16,000 people worldwide who deliver a comprehensive service to the highest quality standards – wherever and whenever.

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Resource: http://www.panalpina.com/www/global/en/home/news_media/latest_news/14_01_14.html


Panalpina outperforms market in second quarter

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In the second quarter of 2012, the Panalpina Group achieved a gross profit of CHF 363 million. This was only slightly below the previous year (-2%), despite a globally receding air freight market and several rate increases by ocean carriers that put pressure on margins. Panalpina’s volume growth in both Ocean and Air Freight was above the average market growth. Due to continued cost discipline EBITDA could be kept stable at CHF 34 million quarter-on-quarter. The Group achieved a consolidated profit of CHF 17 million.

“We managed to gain market shares. We did better than the market not only in ocean freight but also in air freight where the market declined further in the second quarter of 2012“, said CEO Monika Ribar. “In ocean freight, the carrier’s steep rate increases on important routes caused margin headwinds but thanks to our record volumes we could still increase the division’s gross profit.”

Sluggish development of global economy reflected in regions’ performance

Net forwarding revenue in the second quarter went up by 2.4% to CHF 1,668 million. Gross profit in the second quarter almost reached previous year level. It came in at CHF 363 million (-2%) despite a globally receding air freight market and several rate increases by ocean carriers. Continued growth in Latin America led to a new second quarter (and half year) gross profit record of CHF 43 million (+7.5%). The sluggish development of the global economy was reflected in the other regions’ performance. Gross profit in Asia Pacific decreased to CHF 75 million (-3.8%) due to slowing exports to mature markets. In the EMEA region strong exports could only partly offset weak imports resulting in a decrease of gross profit to CHF 179 million
(-2.2%). In a weak environment, gross profit also decreased in North America to CHF 66 million (-5.7%). The Group’s gross profit margin decreased to 21.8% in the second quarter (22.8% in Q2 2011) mainly due to the rate increases by ocean carriers but remained stable at 22.7% for the first half.

Market share gains in Ocean and Air Freight

Ocean Freight recorded a new volume record for the second quarter (and half year). Panalpina shipped 7% more TEUs (twenty-foot equivalent units) than the year before, again growing more than twice as fast as the market (market: +3%). Gross profit per TEU of Ocean Freight decreased by 5% as carriers enforced considerable rate increases in particular on the Far East Westbound route. These rate increases could not yet be fully passed on to customers in the second quarter. Still, the lower unit profitability was more than offset by the higher volumes, leading to an increase of gross profit to CHF 110 million (+2%).

In Air Freight, too, Panalpina did better than the market. As the market weakened further in the second quarter, receding by 4%, Panalpina’s volumes decreased by 3%. Contraction of gross profit (-6%) was mainly due to the lower volumes. Gross profit reached CHF 162 million in the second quarter of 2012. Gross profit per ton of Air Freight decreased by 3% year-on-year but was stable quarter-on-quarter.

Moderate gross profit growth in Logistics (+1%) reflected the slowing economic environment. Q2 gross profit reached CHF 91 million.

Continued cost discipline kept EBITDA sequentially stable

In 2011, Panalpina made important investments especially in its product divisions. Because of an expected weak market development for 2012, the Group then introduced cost containment measures in the last quarter of 2011. Due to continued cost discipline EBITDA could be kept stable at CHF 34 million quarter-on-quarter. EBITDA-to-gross profit margin also remained stable quarter-on-quarter. The Group achieved a consolidated profit of CHF 17 million in Q2. For the first half of 2012, a loss of CHF 23 million resulted because of the provisions of CHF 59 million for the EU and Swiss antitrust fines made in the first quarter.

Outlook

“We anticipate a soft recovery of the air freight market in the second half of 2012 and continued market growth in ocean freight. Further significant rate increases in air and ocean freight seem unlikely“, said Ribar. Panalpina expects the air freight market to contract by 1% for the whole year. In ocean freight, a market growth of 3-4% is expected. The Group’s target is to outperform the market. Panalpina’s group-wide cost containment measures including a hiring freeze remain in place. As of August 1st 2012, Ribar will act as the Group’s CFO ad interim until Robert Erni takes office.

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About Panalpina

The Panalpina Group is one of the world’s leading providers of supply chain solutions, combining intercontinental Air and Ocean Freight with comprehensive Value-Added Logistics Services and Supply Chain Services. Thanks to its in-depth industry know-how and customized IT systems, Panalpina provides globally integrated end-to-end solutions tailored to its customers’ supply chain management needs. The Panalpina Group operates a global network with some 500 branches in more than 80 countries. In a further 80 countries, it cooperates closely with partner companies. Panalpina employs approximately 15,500 people worldwide.