Panalpina is a highly respected freight forwarder. Airfreight operations are its main product, but it is a competent ocean forwarder. Panalpina has good 3PL skills and project logistics. Panalpina is fiscally conservative and profitable. Financial activity is transparent. Quality of coverage is uniform. Primary ownership of Panalpina is by the Ernst Goehner foundation. This relationship complicates Panalpina's acquisition attractiveness.