Post Tagged with: "earnings"

FedEx’s quarterly earnings take hit from cyberattack, hurricane

FedEx’s quarterly earnings take hit from cyberattack, hurricane

Earnings, Express, News September 20, 2017 at 10:59 am

After a record fourth quarter in its fiscal year 2017, FedEx’s 2018 fiscal year got off to a rougher start as TNT Express operations faced costly setbacks from a cyberattack, and as the company’s US operations felt the disruptive forces of Hurricane Harvey. Overall net income was down 17% year-over-year,Read More

Green grass and high tides for Atlas

Green grass and high tides for Atlas

Asia, Capacity & Demand, E-Commerce, Earnings, Express, News August 2, 2017 at 10:56 am

Not only did Atlas Air Worldwide Holdings (AAWW) report an extremely strong second quarter and first half, CEO Bill Flynn said the company expected the good momentum “to carry through 2017, into 2018, and beyond.” In the second quarter, Atlas reported net income up 89.3% over 2Q16 to $40 million,Read More

Everything is coming up roses for UPS

Everything is coming up roses for UPS

Capacity & Demand, Carriers, E-Commerce, Earnings, News July 27, 2017 at 10:42 am

UPS reported strong financial and operational performance in the second-quarter of 2017, with net income up 9.1% y-o-y to $1.38 billion as revenue rose 5.0% to $15.75 billion. Operating income for the quarter was up 8.7% to $2.22 billion. Revenue rose in all three of the company’s operating segments, andRead More

Air freight success boosts K+N’s second quarter

Air freight success boosts K+N’s second quarter

Earnings, News July 18, 2017 at 10:33 am

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported second-quarter net income up 2.1%, as gross profit (what some forwarders call net revenue) rose 3.9% to US$1.81 billion. EBIT for the quarter was up 2.1% to $200 million. These low-single-digit financial numbers hide the fact that K+N’s Airfreight andRead More

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

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

E-Commerce, Earnings, Express, News May 11, 2017 at 10:47 am

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

Record fourth-quarter earnings cap a great year for DP-DHL

Record fourth-quarter earnings cap a great year for DP-DHL

Carriers, E-Commerce, Earnings, Express, News, Strategy March 10, 2017 at 10:18 am

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

Amazon network ramp-up drives a good quarter at ATSG

Amazon network ramp-up drives a good quarter at ATSG

Carriers, E-Commerce, Earnings, News August 10, 2016 at 10:38 am

Air Transport Services Group (ATSG) reported a strong second quarter, with net income up 7.3% y-o-y to $12 million, as net revenue from customers rose 19.0% to $177 million. Operating income (EBIT) for the quarter was down 20.2% to $16 million. On an adjusted basis, pre-tax earnings were down 2.4%Read More

FedEx bridges the GAAP

FedEx bridges the GAAP

E-Commerce, Earnings, Express June 22, 2016 at 10:57 am

FedEx reported a net loss of $70 million in the fourth quarter of its recently completed 2016 fiscal year. Or perhaps a net profit of $897 million. As is increasingly the case, not just with FedEx, but with many companies in the air freight and express industry, the gap betweenRead More