Capacity & Demand

Double-digit demand growth continues in July

Double-digit demand growth continues in July

Airports, Asia, Capacity & Demand, Carriers, Traffic August 17, 2017 at 10:02 am

July results are now in from many of the world’s major cargo carriers and airports, and it appears that growth in demand for air freight is continuing to be very strong. Some carriers and airports saw better results in July than in June, while others reported smaller gains, but theRead More

The world’s top 50 cargo carriers Part III: The big picture

The world’s top 50 cargo carriers Part III: The big picture

Capacity & Demand, Carriers, Express, Traffic August 10, 2017 at 9:24 am

Today, in Part III of our annual analysis of the world’s top cargo carriers, we step back from the rankings of individual carriers to see what those rankings tell us about the air freight and express market in general in 2016. (You can read Part I here, and Part IIRead More

Pactl’s cargo handle up almost 15% in July

Pactl’s cargo handle up almost 15% in July

Airports, Asia, Capacity & Demand, Traffic August 9, 2017 at 10:30 am

A month ago, Shanghai Pudong International Airport Cargo Terminal Co Ltd (Pactl, the biggest handler at Shanghai’s Pudong Airport) reported a 13.8% y-o-y increase in its June cargo handle to 155,000 tonnes, its biggest year-over-year gain this year. Well, that was June, and Pactl’s July results are even stronger. PactlRead More

Expeditors faces challenging pricing environment in 2Q

Expeditors faces challenging pricing environment in 2Q

Capacity & Demand, News August 8, 2017 at 10:20 am

Despite transporting near record volumes of both air and ocean freight during 2Q17, Expeditors International of Washington, Inc., reported a 6.6% y-o-y drop in net income for the quarter, to US$109 million on “unfavorable pricing.” Air freight volumes jumped 9%, while ocean container volumes rose 4% y-o-y during 2Q17. LargerRead More

Okay, the first half was great. Now what?

Okay, the first half was great. Now what?

Capacity & Demand, Traffic August 4, 2017 at 9:38 am

The International Air Transport Association (IATA) released data showing that worldwide cargo traffic flown by its member airlines was up 11.0% y-o-y in June, and up 10.4% in the first half of 2017, compared to 1H16. As IATA points out, this is the strongest first-half growth in air freight demandRead More

Green grass and high tides for Atlas

Green grass and high tides for Atlas

Asia, Capacity & Demand, E-Commerce, Earnings, Express, News August 2, 2017 at 10:56 am

Not only did Atlas Air Worldwide Holdings (AAWW) report an extremely strong second quarter and first half, CEO Bill Flynn said the company expected the good momentum “to carry through 2017, into 2018, and beyond.” In the second quarter, Atlas reported net income up 89.3% over 2Q16 to $40 million,Read More

Air cargo yield growth strengthens in June

Air cargo yield growth strengthens in June

Capacity & Demand, News, Traffic August 1, 2017 at 10:17 am

In mid-July, when we looked at the early reports of June cargo data from some of the big carriers, airports, and handlers, we felt confident in predicting that when IATA and WorldACD published their complete worldwide summaries, they would show year-over-year air freight demand continuing to grow at a double-digitRead More

Everything is coming up roses for UPS

Everything is coming up roses for UPS

Capacity & Demand, Carriers, E-Commerce, Earnings, News July 27, 2017 at 10:42 am

UPS reported strong financial and operational performance in the second-quarter of 2017, with net income up 9.1% y-o-y to $1.38 billion as revenue rose 5.0% to $15.75 billion. Operating income for the quarter was up 8.7% to $2.22 billion. Revenue rose in all three of the company’s operating segments, andRead More