Panalpina - Mississauga, ON
- Thread starter Darlene
- Start date
30
Average 62 days to pay.
Their accounting department can be very frustrating to work with as they are not the most organized outfit. The person who approves invoices is not the same as A/P so if you call for your overdue account - expect to get the run around at times. Perhaps they have had a staff change since our last transaction with them which was in the Spring.
Their accounting department can be very frustrating to work with as they are not the most organized outfit. The person who approves invoices is not the same as A/P so if you call for your overdue account - expect to get the run around at times. Perhaps they have had a staff change since our last transaction with them which was in the Spring.
30
I've done lots with them over the years. Sometimes they pay quick... other times slower (but nothing excessive). They always pay and I've never had an invoice short paid.
30
Looking for current payment trends on Panalpina. This thread is quite old. Has anyone been dealing with them as of late? Quite a few legal suits on their "docket".
Any posts/info would be appreciated.
Any posts/info would be appreciated.
20
Panalpina is one of the largest freight forwarders in the world and publicly traded. A company of that size is bound to have several ongoing legal suits.
30
Based on your reply TransAction - if they had 20+ lawsuits currently "on the go" - that information should simply be "overlooked" when considering extending credit to this company? Due to the fact they are one of the largest freight forwarders in the world?
I don't care how large the company is. Crap on paper usually equals crap overall. The larger they are...the harder they fall. Just ask Target how well they did in the Canadian market.
20
30
30
It as been my experience when reviewing public filings for a large firm, that a large number are for labour disputes, i.e. wrongful dismissal, non payment of overtime, etc. I try to narrow my focus to non payment of freight invoices or services directly related to transportation.
30
I agree Panalpina has never been an issue getting paid.
If one was to look at lawsuits as a reason for not working for someone the Wal-mart shelves would be bare.
30
I agree - depends on the type of suit involved.
Quite a few pertain to transport and non payment - so the red flags definitely are there. I wanted to get an idea on their current days to pay (hence my original post).
Thanks guys
Quite a few pertain to transport and non payment - so the red flags definitely are there. I wanted to get an idea on their current days to pay (hence my original post).
Thanks guys
Panalpina's Toronto office handles thousands of shipments per week. Worldwide would be in the hundreds of thousands, so I guess it comes down to the percentages. Like any big corporation it is critical that you dot your I's cross your T's and make sure that all pertinent reference and contract numbers are on your invoice. If anything is missing they will discard and wait for a new invoice, hence the eventual law suits.
30
Point being .. Panalpina isn't known for screwing over its transport partners. Personally, I wouldn't have an issue working with them.