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Panalpina pulls out of Nigeria

Posted by 3PL/LSP Africa Logistics Strategic Issues on 2008/10/13 | Views: 2348 |

Panalpina pulls out of Nigeria


Following Panalpina's July announcement that it planned to discontinue providing domestic services in Nigeria, the company is now limiting its Nigerian transport service to the arrival of shipments at port or airport.

Following Panalpina's July announcement that it planned to discontinue providing domestic services in Nigeria, the company is now limiting its Nigerian transport service to the arrival of shipments at port or airport.

All domestic services, including customs clearance, have been discontinued.

A new company, founded by Nigerian investors, has taken over Panalpina's local service portfolio and acquired some of Panalpina's assets and resources.

Panalpina holds no equity stake in the new company, which operates completely independently from Panalpina.

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