Post Tagged with: "e-commerce"

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

A strong quarter ends Atlas’ “historic” year

A strong quarter ends Atlas’ “historic” year

February 23, 2017 at 10:51 am 0 comments

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

FedEx launches e-commerce solution to counter Fulfillment by Amazon

FedEx launches e-commerce solution to counter Fulfillment by Amazon

February 8, 2017 at 10:46 am 0 comments

Yesterday, FedEx Supply Chain (formerly GENCO), the 3PL subsidiary of FedEx Corp. launched a new product, FedEx Fulfillment, which promises to be a direct competitor to Amazon’s popular Fulfillment by Amazon (FBA) program. Like Fulfillment by Amazon, FedEx Fulfillment offers small and medium-sized businesses the opportunity to outsource order fulfillmentRead 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 challenges and opportunities in UPS’ fourth quarter

E-commerce challenges and opportunities in UPS’ fourth quarter

January 31, 2017 at 10:19 am 0 comments

Take your pick: UPS reported either a quarter-billion dollar net loss or a one-and-a-half-billion dollar net profit for the fourth quarter of 2016. On an as-reported basis, UPS suffered a net fourth-quarter loss of $239 million, and an operating loss of $428 million, as revenue rose 5.5% to $16.93 billion.Read 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