FedEx reported net income up 23.9% y-o-y in the first quarter of its 2015 fiscal year to $606 million, as total revenue rose 6.0% to $11.68 billion. Operating income for the quarter was up 24.2% to $987 million. The gains were driven by strong operational performance in all three ofRead More
Post Tagged with: "Express"
China’s express companies finally abandon “free” home delivery for online shoppers. It is no secret that the explosive growth of online shopping in China has driven equally explosive growth in the package delivery business. According to data from the State Post Bureau, China’s express companies delivered 9.2 billion pieces ofRead More
The Civil Aviation Administration of China (CAAC) granted initial approval for the launch of service later this year by YTO Express Airlines. According to data from the China Federation of Logistics and Purchasing, express companies in the country delivered 9.2 billion packages in 2013, up 61.6% over 2012. This raisedRead More
All Nippon Airways reported cargo revenue up 15.2% to US$1.34 billion in its Fiscal Year 2013 (ended 31 March 2014). Cargo traffic for the year was up 16.4% to 3.41 billion RTKs. The gains came almost entirely on the back of the carrier’s strong performance in the international market, whereRead More
A strengthening Euro weighed on an otherwise strong quarter for Deutsche Post-DHL. The company reported first-quarter net income up 0.8% y-o-y to €502 million as total revenue increased 1.2% to €13.57 billion. Operating profit (EBIT) for the quarter was up 2.3% to €726 million. DP-DHL reports its operational and financial performance inRead More