Post Tagged with: "earnings"

Air freight success boosts K+N’s second quarter

Air freight success boosts K+N’s second quarter

July 18, 2017 at 10:33 am 0 comments

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

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

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

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

March 10, 2017 at 10:18 am 0 comments

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

August 10, 2016 at 10:38 am 0 comments

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

June 22, 2016 at 10:57 am 0 comments

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

What next for Lufthansa Cargo?

What next for Lufthansa Cargo?

May 3, 2016 at 10:32 am 0 comments

Lufthansa Cargo is at a crossroads. All things considered, the Lufthansa Group had a good first quarter. Revenue was almost flat with the previous year’s quarter (in an environment of falling fuel surcharges), operating income (EBIT) went from a loss of €144 million in 1Q15 to a profit of €66Read More

Double-digit profit growth for UPS

Double-digit profit growth for UPS

April 28, 2016 at 10:30 am 0 comments

UPS, like its main competitor FedEx, turned in a solid performance in its most recent quarter. UPS reported first-quarter net income up 10.2% y-o-y to $1.13 billion, as total revenue increased 3.2% to $14.42 billion. Operating profit for the quarter was up 9.0% to $1.82 billion. Looking first at revenue:Read More

Emirates SkyCargo will now have access to Cargolux's 747Fs

Cargolux’s dual-hub strategy pays off

March 24, 2016 at 9:51 am 1 comment

If Cargolux’s 2015 full-year results are a reliable indicator, the carrier’s much-debated dual hub strategy has paid off handsomely. In a year in which the cargo arms of many airlines struggled, Cargolux posted record volume and sharply increased profit, and continued to add freighters to its fleet. Cargolux is not publiclyRead More