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BASEL: March 07, 2018. Panalpina has reported 2017 revenue of CHF5.53 billion; an EBIT of CHF103.3 million; and a consolidated net profit of CHF57.5 million. “The fact that all relevant economic indices are trending upwards makes us reasonably confident for 2018,” said CEO Stefan Karlen.  Read more: panprofit

panalpina hackathonLONDON: March 07, 2018. Pegasus Airlines has reported a 44 percent increase in 2017 turnover to TL5.3 billion and a net profit of TL 501 million. The airline carried a total of 27.82 million passengers in 2017, of which 16.89 million flew domestically and 10.45 million traveled on international routes. Read more: pegprofit

STANSTED, UK: March 06, 2018. Former Etihad Cargo senior vice president David Kerr has replaced Dmitry Grishin as the new CEO of UK-registered airline CargoLogicAir. Read more: kerr

LONDON: March 06, 2018. OnTruck, the cloud-based logistics booking platform for short-haul road freight, is celebrating its 1,000th UK shipping consignment since beginning operations in the UK last year. Read more: ontruck

SLOUGH, UK: March 06, 2018. Fleet management technology specialist Movolytics has opened a subsidiary in Spain to provide Europe’s second largest fleet market with access to Movolytics’ leading edge software solution. Read more: fleet

CHAPEL HILL, NC: March 05, 2018. Hapag- Lloyd is now offering its customers direct data feed of ocean rates and tariffs for global trade lanes via the CargoSphere rate management platform ‘eSUDS.’ Read more: rates

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