SHANGHAI – The freighter fleets of China’s express companies are growing rapidly as an increasing proportion of retail spending moves online—but that’s only half the reason express companies are adding airfreight capacity as quickly as possible. Yesterday at Cargo Facts Asia 2017 in Shanghai, Peter Huang, director of corporate planning atRead More
Post Tagged with: "e-commerce"
As I write this in Seattle this morning, a 767-300ER, in Japan Airlines livery, is passing overhead, en route from Tokyo (HND) to Goodyear (GYR) in the US. However, while the livery might make you think this is a JAL aircraft, the registration tells a different story. Until last month,Read More
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
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