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Double-digit profit growth for UPS

Double-digit profit growth for UPS

April 28, 2016 at 10:30 am 0 comments

UPS, like its main competitor FedEx, turned in a solid performance in its most recent quarter. UPS reported first-quarter net income up 10.2% y-o-y to $1.13 billion, as total revenue increased 3.2% to $14.42 billion. Operating profit for the quarter was up 9.0% to $1.82 billion. Looking first at revenue:Read More

CAAC approves Wuhan hub for SF

CAAC approves Wuhan hub for SF

April 27, 2016 at 9:55 am 0 comments

The Civil Aviation Authority of China (CAAC) approved SF Express’ application to build a new airport in Yanji, a small town near Wuhan. Assuming SF goes ahead with the project, it will have an express air hub that is within two hours flying time of a billion people. Draw a lineRead More

TNT – the final quarter

TNT – the final quarter

April 26, 2016 at 10:46 am 0 comments

TNT published its first-quarter 2016 results. Or perhaps “final quarter” would be a better term, or “last full quarter.” After seventy years in business, TNT is counting down its final six weeks, with 6 June likely the day FedEx will formally acquire the Netherlands-based express company. But in the meantime, TNTRead More

1Q16 — a difficult quarter

1Q16 — a difficult quarter

April 25, 2016 at 10:11 am 0 comments

With March results now in from many of the world’s major carriers and airports, we should be able to see a clearer picture of the start to 2016, both for the overall trend of air freight demand, as well as at the individual carrier/airport level. Regarding overall demand, it isRead More

New Latin Connections for KF Cargo’s DC-10-30Fs

New Latin Connections for KF Cargo’s DC-10-30Fs

April 22, 2016 at 10:09 am 0 comments

Canada-based KF Cargo put two of its DC-10-30 freighters back into operation with the launch of new services to Bogota, Caracas and Lima via Miami. Both Miami-to-Bogota and Miami-to-Lima via Caracas will operate three times weekly. Economic weakness in South America has begun to alter routing and flight schedules inRead More

CFA 2016: Is the airfreight industry ignoring a trillion-dollar market?

CFA 2016: Is the airfreight industry ignoring a trillion-dollar market?

April 20, 2016 at 8:04 pm 1 comment

HONG KONG – Airfreight clearly has a major role in servicing e-commerce fueled cross-border traffic in the future, but the conclusion of panelists on “The E-commerce Explosion and Air Freight” session at Cargo Facts Asia 2016 was that individual players risk being squeezed out of this market unless they areRead More

CFA 2016: 757 conversion orders keep rolling in

CFA 2016: 757 conversion orders keep rolling in

April 20, 2016 at 7:05 am 1 comment

HONG KONG — Precision Aircraft Solutions announced another eight orders for 757-200PCF passenger-to-freighter conversions at Cargo Facts Asia 2016 here yesterday. China Postal Airlines ordered six, while recent startup China Air Cargo Corp ordered two. As we reported late last year, when Boeing announced a launch order from China Postal forRead More

Blue Dart Aviation has succeeded where all others have failed. Photo: Lans Stout

CFA 2016: Challenges and opportunities for Indian airfreight

April 19, 2016 at 8:17 am 1 comment

HONG KONG- Attendees hit the ground running at today’s commencement of the fifth annual Cargo Facts Asia symposium, held in Hong Kong. Participants enjoyed both informative panel discussions, as well as ample opportunities to connect with the industry’s best and brightest. The conference began with an exploration into the opportunitiesRead More