Headquartered in central Buenos Aires and with offices at the Ezeiza International airport, Newport Cargo handles 24,000 tons of airfreight exports per year.
“Panalpina’s perishables activities originated in Latin America, which is one of the world’s high-production regions for fresh produce. By acquiring Newport Cargo, we are not only gaining control over Argentinian perishables exports, but from neighbouring countries too,” explained Panalpina CEO, Stefan Karlen. “Fish, fruit, and seeds for example, are trucked from various regions across the border to Argentina and flown out of Buenos Aires. So with this acquisition we are expanding our perishables footprint in an entire region and again strengthening our global end-to-end capabilities for perishables.”
Newport Cargo exports fish and berries to the US, where it has a strong customer base and an office in Miami, while Panalpina traditionally imports hi-tech and consumer goods into Argentina. The cargo flows from South America northbound can be connected with, or integrated into, the Panalpina charter network with its gateway in Huntsville, Alabama.
CEO of Newport cargo, Roberto Fernandez, said that the company has built strong relationships with customers and airlines over the past 40 years and will be able to leverage this, along with its broad perishables and live animals expertise, within Panalpina’s global network.