Post Tagged with: "e-commerce"

A record quarter for FedEx — plus mattresses and gym equipment, too!

A record quarter for FedEx — plus mattresses and gym equipment, too!

June 23, 2017 at 10:50 am 0 comments

FedEx reported revenue up 21.2% y-o-y in its fiscal fourth quarter (ended 31 May) to a record $15.73 billion. Net income for the quarter was $1.02 billion, up from a net loss of $68 million in 4QFY16, and operating income for the quarter was $1.58 billion (compared to a $70Read More

Chengdu launches air cargo development scheme

Chengdu launches air cargo development scheme

June 20, 2017 at 10:53 am 0 comments

With air freight demand expected to soar across west and central China, cargo carriers and forwarders have a choice when it comes to selecting sites to develop their regional hubs. Although geography and infrastructure are among the top considerations, government subsidies and preferential policies are two factors which absolutely must beRead More

HNA Modern Logistics lifts off – with Atlas Air

HNA Modern Logistics lifts off – with Atlas Air

June 6, 2017 at 10:02 am 0 comments

Ten days ago, we reported that China-based HNA Group had established a new subsidiary in the north-central city of Xi’an. HNA Modern Logistics Group, as the company is called, will focus on developing Xi’an into a global airfreight hub, a hub which, according to CEO Zhang Weiliang, will become theRead More

UPS unloading in Shanghai

7 ways cross-border e-commerce is reshaping air freight logistics today

June 5, 2017 at 9:26 am 0 comments

For the past two years, “cross-border e-commerce” has been the buzz-phrase of the air freight and express industry. And it’s only natural that our industry would jump on it – no other mode of transportation is better suited to ensure expedited deliveries for parcels with origins far-removed from their final destination.Read More

In a surprise move, Heathrow begins to develop cargo community

In a surprise move, Heathrow begins to develop cargo community

May 25, 2017 at 10:56 am 0 comments

Today, Heathrow Airport took a major step towards developing an airport cargo community with the introduction of the ‘Heahtrow CargoCloud’.  Next month, the airport will test the waters for cargo community participation by piloting a load consolidation app developed by Belgium-based data sharing platform, Nallian (which also powers Brussels Airport’sRead More

YTO Express acquires OTEL to use as springboard for international expansion

YTO Express acquires OTEL to use as springboard for international expansion

May 17, 2017 at 10:58 am 0 comments

On 8 May, Shanghai-headquartered courier, YTO Express announced its intention to acquire a 61.87% stake in Hong Kong-based forwarder and logistics specialist, On Time Logistics (OTEL), and establish its international business headquarters in Hong Kong. The acquisition will support YTO’s efforts to go global by leveraging OTEL’s international business expertise,Read More

Express & e-commerce drive first-quarter growth at DP-DHL

Express & e-commerce drive first-quarter growth at DP-DHL

May 11, 2017 at 10:47 am 0 comments

Deutsche Post-DHL reported first-quarter net profit down slightly (0.9%) y-o-y to €633 million, as total revenue rose 7.3% to €14.88 billion. Operating profit (EBIT) for the quarter was up 1.4% to €885 million. As is often the case, the reported results tell only part of the story. In the firstRead More

China’s number-two e-tailer launches 3PL division

China’s number-two e-tailer launches 3PL division

May 1, 2017 at 9:43 am 0 comments

Last week, Beijing-based JD.com announced it was moving forward with plans to formalize a logistics division, “JD Logistics” in support of the growing demand for express delivery services for its booming e-tailing business. Similar to Amazon’s Fulfillment by Amazon (FBA) program, the new division will provide third parties access toRead More