Panalpina distances itself from price war

Roger Hailey - Wednesday 5 August 2009

Monika Ribar

SWISS logistics company Panalpina, reporting a sharp downturn in half year revenue and pre-tax profits, said it will shun “a cut-throat price war” in the sea and air freight sector.

Chief executive Monika Ribar told financial analysts: “We are not going to compete at below cost levels in order to maintain market share. A susta...

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