News

World’s top cargo carriers in action [VIDEO]

World’s top cargo carriers in action [VIDEO]

Aircraft, Carriers, News, Photos+Videos August 11, 2017 at 10:56 am

To finish off our multi-part analysis of the world’s top cargo carriers in 2016, and to give you some good weekend viewing, here is a series of videos of the carriers at the top of the list. If you wish to read the full analysis, Part I is here, PartRead More

The World’s top 50 cargo carriers Part II — what’s with the data?

The World’s top 50 cargo carriers Part II — what’s with the data?

Carriers, News, Strategy, Traffic August 9, 2017 at 9:56 am

Yesterday, in Part I of this analysis we included a chart showing our best estimate of the international, domestic, and total cargo traffic (including mail and both scheduled and charter freight) flown by the top fifty carrier groups worldwide. But why do we call it our “best estimate,” and howRead 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

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

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