Post Tagged with: "Amazon"

Atlas scores deal with Amazon for 20 freighters, 20% stake

Atlas scores deal with Amazon for 20 freighters, 20% stake

May 5, 2016 at 7:07 am 0 comments

It’s déjà vu all over again! The dust still hasn’t settled from the Amazon/ATSG deal, and now the e-commerce giant has done it again, this time with Atlas Air Worldwide Holdings Inc. Simultaneously with the release of its first-quarter results, Atlas [ticker: AAWW] announced the signing of an agreement with AmazonRead More

Details emerge regarding Amazon’s ATSG Warrants

Details emerge regarding Amazon’s ATSG Warrants

March 21, 2016 at 12:54 pm 0 comments

News of Amazon’s planned foray into the air express network broke on March 8 when Air Transport Services Group (ATSG) announced it would operate twenty 767 freighters on Amazon’s behalf out of its Wilmington, OH hub. The deal however, was not limited to planes, it also granted Amazon warrants exchangeableRead More

FedEx calls out ‘fantastical’ news reports

FedEx calls out ‘fantastical’ news reports

March 17, 2016 at 10:33 am 0 comments

FedEx reported fiscal third-quarter net income down 19.3% y-o-y to $507 million, as revenue rose 8.5% to $12.7 billion. Operating income for the quarter was down 16.8% to $864 million. But, as usual, the reported figures mask the impact of one-time charges – in this case, expenses related to legalRead 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

March 9, 2016 at 10:42 am 3 comments

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

ATSG ups guidance – where does Amazon fit in?

ATSG ups guidance – where does Amazon fit in?

February 11, 2016 at 10:26 am 1 comment

US-based Air Transport Services Group issued guidance for stronger fourth-quarter and full-year 2015 results than it had earlier predicted. At the beginning of this week, the company said it now expected that 2015 EBITDA would be “in a range of $196 – $200 million.” This is up 2.5% over itsRead More

Amazon Airlines? Maybe, but maybe not.

Amazon Airlines? Maybe, but maybe not.

February 4, 2016 at 10:53 am 0 comments

Amazon seems to be saying “maybe not,” but in a way that is open to a wide variety of interpretation. We have covered Amazon’s move into the air freight business extensively. You can read our most recent analysis here, but the condensed version is that, in September 2015, Amazon set upRead More

An exceptional quarter for UPS

An exceptional quarter for UPS

February 2, 2016 at 10:52 am 0 comments

If you have been following the news from the express and e-commerce industries lately, you could be forgiven for thinking that the big US integrators are in serious trouble, trembling at the thought of Amazon not only pulling its business from UPS and FedEx, but also competing for their remaining business.Read More

Amazon Global Logistics

Amazon Global Logistics

January 15, 2016 at 10:57 am 0 comments

Amazon has been much in the news lately, as it has moved toward its own air network, and its own trucking fleet. Today brings the news that ocean has now joined air and road on the e-commerce giant’s “To Do” list. The US Federal Maritime Commission granted a non-vessel operating commonRead More