Express

FedEx’s quarterly earnings take hit from cyberattack, hurricane

FedEx’s quarterly earnings take hit from cyberattack, hurricane

Earnings, Express, News September 20, 2017 at 10:59 am

After a record fourth quarter in its fiscal year 2017, FedEx’s 2018 fiscal year got off to a rougher start as TNT Express operations faced costly setbacks from a cyberattack, and as the company’s US operations felt the disruptive forces of Hurricane Harvey. Overall net income was down 17% year-over-year,Read More

Where have all the orders gone — Part II

Where have all the orders gone — Part II

Aircraft, Carriers, Conversions, Express, News, Strategy August 31, 2017 at 9:41 am

Yesterday we looked at the sudden drop-off in orders for production jet freighters — despite surging demand for air freight. You can read Part I here (including detailed charts of the orders, deliveries, and backlogs for all of Boeing’s and Airbus’ freighters). Today we turn to an analysis of theRead More

Where have all the orders gone?

Where have all the orders gone?

Aircraft, Capacity & Demand, Carriers, Express, News, Strategy August 30, 2017 at 10:15 am

What has happened to the market for production freighter aircraft? The conversion houses can hardly keep up with demand for narrowbody and medium widebody freighters, the news is full of stories of e-commerce driving big increases in demand for air freight, and airlines the world over are reporting increasing trafficRead More

FedEx EVP Raj Subramaniam joins Cargo Facts Symposium for fireside chat

FedEx EVP Raj Subramaniam joins Cargo Facts Symposium for fireside chat

Events, Express, Photos+Videos August 16, 2017 at 9:42 am

Cargo Facts is pleased to announce that the 23rd Annual Cargo Facts Symposium will feature an exclusive Fireside Chat with Rajesh (Raj) Subramaniam, executive vice president, chief marketing and communications officer, for FedEx Corp. Subramaniam has a rich history at FedEx. After joining the marketing team in Memphis in 1991,Read 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

The world’s top 50 cargo carriers

The world’s top 50 cargo carriers

Carriers, Express, News August 8, 2017 at 10:23 am

A year ago, when we looked at the top cargo carriers of 2015, we focused on Emirates’ rapid rise from nowhere to become a powerhouse that dominated the international air freight market. But Emirates does not carry domestic cargo, and FedEx, as it had done for many years, combined itsRead 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

China Air Cargo prepares for takeoff

China Air Cargo prepares for takeoff

Aircraft, Asia, Carriers, Conversions, Express, News July 25, 2017 at 10:44 am

Eight months ago, we reported that startup Chinese all-cargo carrier China Air Cargo Co. Ltd was about to take to the skies. It had taken redelivery of its first freighter – a Precision-converted 757-200PCF, and was within weeks of receiving its Operating Certificate. As is often the case, the finalRead More