Roger Hailey - Thursday 30 April 2009
STEEP falls in first quarter sea freight and air freight volumes at Panalpina contributed to a 94% plunge in consolidated net earnings to SFr1.9m ($1.7m) for the global logistics operator, writes Roger Hailey.
“The massive recession-related global volume decline seen since the end of 2008 has impacted Panalpina on all major trade lanes and...
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