Panalpina announced a slight increase in earnings before interest and tax (EBIT) in spite of what it referred to as a “challenging market.” Airfreight volumes for the Swiss forwarder increased 9 percent, year-over-year, for the first nine months of 2016, even as the overall air cargo market decreased by an estimated 1 percent during the same period.
That said, numbers from other forwarders, and aggregate cargo volumes from the likes of IATA, suggest that a more apt description of the market i…
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Source: aircargoworld