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Cargo traffic suffers in February

Cargo traffic suffers in February

With February results now in from many of the world’s major carriers and airports, we ought to have a clearer picture of the start to 2016, with the impact of the timing of the Chinese New Year holiday eliminated by treating January and February as a single month. However, theRead More

DHL Global Forwarding bounces back

DHL Global Forwarding bounces back

Earnings, Express, Premium Newswire March 10, 2016 at 10:59 am

Deutsche Post-DHL reported fourth-quarter net income up 4.7% y-o-y to €670 million, as total revenue was almost flat (down 0.2%) at €15.34 billion. Operating profit for the quarter was up 5.7% to €957 million. If there was a highlight in the quarter, it was the beginning of a turnaround inRead More

Amazon gains right to own 19.9% of ATSG as 20-freighter network is confirmed

Amazon gains right to own 19.9% of ATSG as 20-freighter network is confirmed

E-Commerce, Earnings, Express, Premium Newswire March 9, 2016 at 10:42 am

One day after reporting excellent fourth-quarter results, Air Transport Services Group (ATSG) finally broke the news we have been expecting for some time: it has signed a deal with e-commerce giant Amazon to operate an express air network based on twenty ATSG-owned 767 freighters. No huge surprise there, as itRead More

IPO Express

IPO Express

Asia, E-Commerce, Express, Premium Newswire, Strategy March 1, 2016 at 10:28 am

No, despite the similarity in initials, this is not a new Chinese express company. However, according to reports piling up in the Chinese media this week, YTO Express, ZTO Express, STO Express, and SF Express are all in the process of making an Initial Public Offering – that is, they haveRead More

January’s tea leaves are hard to read

January’s tea leaves are hard to read

Airports, Carriers, Premium Newswire, Traffic February 29, 2016 at 10:53 am

Most of the world’s major cargo carriers and airports have reported their January results. Some are reporting solid increases in demand and some are reporting significant declines, but not only is there no discernable pattern, there is also the as-yet-unknown impact of the timing of the Lunar New Year holidayRead More

Airlink responds to disaster in Fiji

Airlink responds to disaster in Fiji

Premium Newswire, Strategy February 25, 2016 at 9:28 am

As regular readers of this website know, Cargo Facts has for some time been a supporter of Airlink, the rapid-response humanitarian relief organization that links airlines with prequalified nonprofits. Airlink is currently involved in the launch of a rapid response to bring aid to the victims of Cyclone Winston, and we hopeRead More

Boeing cuts 747-8 production rate

Boeing cuts 747-8 production rate

Aircraft, Premium Newswire, Strategy January 22, 2016 at 9:19 am

Boeing yesterday announced yet another cut in the production rate of its 747-8. The manufacturer said that in addition to its previously announced reduction of 747-8 production to one unit per month in March of this year, it would further cut the rate to 0.5 units per month (six per year) inRead More

Cargolux looks back at 2015 and ahead to 2017

Cargolux looks back at 2015 and ahead to 2017

Airports, Asia, Carriers, Premium Newswire, Strategy January 20, 2016 at 10:39 am

Luxembourg-based all-cargo carrier Cargolux spent much of 2015 locked in battle with one of its unions, but emerged from the year not only with labor peace finally achieved, but also reporting significant operational gains. Cargolux said cargo volume in 2015 was up 7.4% (well above the industry average) to 890,000Read More