Post Tagged with: "2Q17"

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

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

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

Air freight success boosts K+N’s second quarter

Air freight success boosts K+N’s second quarter

Earnings, News July 18, 2017 at 10:33 am

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported second-quarter net income up 2.1%, as gross profit (what some forwarders call net revenue) rose 3.9% to US$1.81 billion. EBIT for the quarter was up 2.1% to $200 million. These low-single-digit financial numbers hide the fact that K+N’s Airfreight andRead More