News

The Comac C919, it flies!

The Comac C919, it flies!

May 5, 2017 at 5:55 am 0 comments

Today, the first narrowbody jet designed and manufactured by Chinese state-owned firm COMAC, the C919, completed its maiden flight with a 90-minute tour in the skies above Shanghai’s Pudong International Airport. Although the flight occurred two years later than expected, and initial deliveries have been pushed forward into 2020, theRead More

ATSG forecasts “solid growth into the next decade”

ATSG forecasts “solid growth into the next decade”

May 4, 2017 at 10:37 am 0 comments

Air Transport Services Group (ATSG) reported first-quarter net income up 21.5% y-o-y to $10.0 million as net revenue jumped 34.1% to $238 million. Operating income for the quarter was up 15.6% to $17.7 million. Adjusting for the impact of non-cash expenses related to warrants associated with ATSG’s agreement with Amazon,Read More

An (adjusted) flying start for Atlas in 2017

An (adjusted) flying start for Atlas in 2017

May 3, 2017 at 10:54 am 0 comments

Atlas Air Worldwide Holdings (AAWW) reported a net first-quarter loss of $752,000 (compared to a $471,000 profit in 1Q16), as total revenues rose 13.6% y-o-y to $475 million. Operating income for the quarter was up 19.8% to $24 million. Given the net loss, why was Atlas so pleased with theRead More

Expeditors 1Q17: Volume and revenue rise as net income drops

Expeditors 1Q17: Volume and revenue rise as net income drops

May 2, 2017 at 9:52 am 0 comments

Although Expeditors International of Washington, Inc., transported significantly more air and ocean freight during 1Q17, compared to 1Q16, Expeditors’ operating margin (operating income as a percentage of net revenue) fell below the company’s 30% benchmark, to 28%. Of course, most companies would kill for a 28% margin, but for Expeditors,Read More

China’s number-two e-tailer launches 3PL division

China’s number-two e-tailer launches 3PL division

May 1, 2017 at 9:43 am 0 comments

Last week, Beijing-based JD.com announced it was moving forward with plans to formalize a logistics division, “JD Logistics” in support of the growing demand for express delivery services for its booming e-tailing business. Similar to Amazon’s Fulfillment by Amazon (FBA) program, the new division will provide third parties access toRead More

Air freight tonnage up 15% in March

Air freight tonnage up 15% in March

May 1, 2017 at 9:41 am 0 comments

Through the past two weeks, as we analyzed the March results coming in from the world’s big cargo carriers and airports, we predicted that when IATA and WorldACD published their comprehensive data for the month, they would show a double-digit increase in demand for air freight. When we saw theRead More

UPS reports strong all-round growth

UPS reports strong all-round growth

April 28, 2017 at 9:44 am 0 comments

UPS reported first-quarter net income up 2.4% y-o-y to $1.16 billion as revenue increased 6.2% to $15.32 billion. Operating profit for the quarter, however, was down 2.1% to $1.78 billion as fuel surcharge revenue lagged a big increase in fuel expense. In recent years, the quarterly reports from the world’sRead More

China’s B2B express volume to grow dramatically

China’s B2B express volume to grow dramatically

April 27, 2017 at 10:17 am 0 comments

SHANGHAI – The freighter fleets of China’s express companies are growing rapidly as an increasing proportion of retail spending moves online—but that’s only half the reason express companies are adding airfreight capacity as quickly as possible. Yesterday at Cargo Facts Asia 2017 in Shanghai, Peter Huang, director of corporate planning atRead More