Post Tagged with: "Amazon"

More freighters for Amazon?

More freighters for Amazon?

March 16, 2017 at 10:04 am 0 comments

Note — 17 March 2017: We have added a comment from Amazon at the end of this post. In the last 24 hours, we have heard from two separate sources that Amazon is in talks to acquire more freighter aircraft. How many more? Are you sitting down? None of the partiesRead More

4Q revenue up, profit down, but ATSG sees blue skies ahead

4Q revenue up, profit down, but ATSG sees blue skies ahead

March 7, 2017 at 10:58 am 0 comments

Air Transport Services Group reported fourth-quarter net income of US$1.5 million, down 89.6% from 4Q15, as revenue rose 22.1% to $222 million. Operating income (EBIT) for the quarter was down 19.6% to $18 million. However, both the net income and operating income figures come with significant asterisks, and mean veryRead More

DHL completes expansion of its Americas Hub

DHL completes expansion of its Americas Hub

March 1, 2017 at 10:54 am 0 comments

DHL Express completed a major expansion of its main hub for the Americas, and is on a hiring spree to increase its workforce there by almost 40%. The expansion at Cincinnati/Northern Kentucky Airport (CVG) includes a new, 45 acre (18.2 hectare) north ramp with sixteen additional aircraft gates (bringing theRead More

ATSG looks ahead

ATSG looks ahead

February 16, 2017 at 10:51 am 0 comments

In a presentation delivered at the Stifel, Nicolaus & Co Transportation & Logistics Conference, Air Transport Services Group (ATSG) Chief Executive Officer Joe Hete and Chief Commercial Officer Rich Corrado painted a picture of where the company is now, and also provided some information about near-term plans and a glimpseRead More

JD.com sees drones as key to rural delivery strategy

JD.com sees drones as key to rural delivery strategy

February 10, 2017 at 10:57 am 0 comments

China’s second largest e-tailer, JD.com has been making commercial drone deliveries in at least four pilot regions scattered across China since June 2016, and has plans to rapidly increase its drone program in 2017, according to recode. JD already has regulatory approval to operate drones in four provinces, along twentyRead More

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

Amazon to abandon Wilmington hub for Cincinnati/Northern Kentucky

February 1, 2017 at 9:41 am 0 comments

Yesterday, Seattle-based Amazon announced that it will shutter operations at Wilmington Air Park (ILN) in Ohio, and construct a new US$1.49 billion “centralized air hub” to support its Prime Air operations at nearby Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Kentucky – just 110 km to the southwest. In parallel, CVG Airport’sRead More

E-commerce drives massive quarterly profit for Alibaba

E-commerce drives massive quarterly profit for Alibaba

January 25, 2017 at 10:43 am 0 comments

Chinese e-Commerce giant Alibaba reported fiscal third-quarter net income up 38% to US$2.47 billion. Total revenue for the quarter (ended 31 December 2016) was up 54% to $7.67 billion, while operating income rose 66% to $2.98 billion. Operating margin was up 4 percentage points to 39%. The chart at rightRead More

Cargo Facts’ parent launches new media venture: Mobility Buzz

Cargo Facts’ parent launches new media venture: Mobility Buzz

January 25, 2017 at 7:35 am 0 comments

Royal Media, the New York-based trade media company and publisher of Cargo Facts, has launched Mobility Buzz, a new media venture to cover the emerging mobility space. Mobility Buzz, Royal Media said, is the first publication to focus on mobility startups and new technologies in the transportation sector. In theRead More