News

Precision and ATSG form A321 freighter conversion JV

Precision and ATSG form A321 freighter conversion JV

Aircraft, Conversions, News, Strategy August 7, 2017 at 10:28 am

Ending its silence on the subject of “what comes next,” 757 conversion specialist Precision Aircraft Solutions this morning announced the formation of 321 Precision Conversions, LLC, a joint venture with Air Transport Services Group (ATSG) “to develop a passenger-to-freighter conversion of Airbus A321-200 Aircraft.” It has been something of anRead More

Lufthansa Cargo reports solid 1H17 results

Lufthansa Cargo reports solid 1H17 results

Carriers, News August 3, 2017 at 9:16 am

German flag carrier Lufthansa, reported 1H17 revenues for its logistics division up 18.6% year-over-year to €1.16 billion, driven in part by a 5.0% increase in revenue-tonne-kilometers over the same period. EBIT reversed course from a loss of €4 million during 1H16, swinging to an operating profit of €125 million inRead 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

JD.com spearheads public-private alliance to facilitate cross-border e-commerce

JD.com spearheads public-private alliance to facilitate cross-border e-commerce

Asia, E-Commerce, News August 1, 2017 at 10:34 am

On 1 August, Beijing-based e-tailer JD.com, in collaboration with 20 global brands, announced a new alliance with China’s Inspection and Quarantine Association that aims to streamline and expedite the customs clearance process for cross-border imports into China. The alliance brings together a cross section of the cross-border e-commerce supply-chain includingRead 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

China’s Express companies unfazed by outward FDI crackdown

China’s Express companies unfazed by outward FDI crackdown

Asia, E-Commerce, Events, News July 31, 2017 at 10:59 am

The days of HNA Group acquiring a new airport entity every few months may be coming to an end as Chinese regulators begin enforcing stricter outbound investment rules; yet this does not seem to have China’s express companies worrying about their ability to continue expanding into international markets. As SFRead More

What is going on with all this good news?

What is going on with all this good news?

News July 28, 2017 at 10:47 am

A quick glance through some of the recent headlines on CargoFacts.com leaves us with the feeling that there is nothing but good news. New cargo carriers starting up, one month of double-digit demand increase after another, quarterly reports trumpeting record or near-record operational and financial performance, air freight rates risingRead 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