Beginning today, 23 March, an SW Italia 747-400F operated for China-based Shentong Express (STO) will touch down regularly at Brescia Montichiari Airport (VBS), just 100km east of Milan. The new thrice-weekly cargo service connects Hong Kong International Airport (HKG) to Brescia via Baku (GYD), reportedly carrying express parcels and ChineseRead More
Post Tagged with: "e-commerce"
After a week of rumors of massive aircraft orders by Amazon (denied by Amazon) and rumors of an Amazon/DHL hub share agreement at Cincinnati/Northern Kentucky Airport (confirmed by Amazon and DHL), will your eyes glaze over if you see another round of Amazon/DHL rumors? Well, unglaze those eyes, because hereRead More
FedEx reported net income in its fiscal third quarter up 10.8% to $562 million, as revenue rose 18.5% to $15.00 billion. Reported operating income was also up strongly (18.6%) to $1.03 billion. Great results, right? Well, yes, and no. Because, as has become almost usual with financial reports in ourRead More
Capitalizing on strong e-commerce growth and on a return to financial health by its forwarding arm, Deutsche Post-DHL reported net profit up more than 25% to €841 million in the fourth quarter of 2016. The big jump came despite revenue remaining almost flat (up just 0.5%) at €15.41 billion. OperatingRead More
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 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
2016 was quite a year for Atlas Air Worldwide Holdings (AAWW). During the year, the company: Acquired Southern Air Holdings, including subsidiary carrier Southern Air, with its five 777Fs and five 737-400Fs, all in CMI operation for DHL, and Signed an agreement with Amazon, under which Atlas agreed to leaseRead More