Post Tagged with: "FedEx"

FedEx: “Forget Q3”

FedEx: “Forget Q3”

March 22, 2017 at 10:53 am 0 comments

FedEx reported net income in its fiscal third quarter up 10.8% to $562 million, as revenue rose 18.5% to $15.00 billion. Reported operating income was also up strongly (18.6%) to $1.03 billion. Great results, right? Well, yes, and no. Because, as has become almost usual with financial reports in ourRead More

New faces in high places

New faces in high places

January 24, 2017 at 10:51 am 0 comments

This week brings three big executive suite changes, two directly in the air freight world (including David Bronczek’s promotion to President of FedEx Corp), and one very close to it. We’ll start with the latter: Etihad Airways: Abu Dhabi-based Etihad Airways confirmed today that, as part of a major shake-up,Read More

AEI’s CRJ200 P-to-F program certified.

AEI’s CRJ200 P-to-F program certified.

October 31, 2016 at 2:15 pm 0 comments

The US Federal Aviation Administration granted Supplemental Type Certification to Aeronautical Engineers, Inc for its CRJ200 large-door passenger-to-freighter conversion program. The conformity aircraft (7029, ex-SkyWest Airlines) was converted at the Commercial Jet facility in Miami, but has now been ferried to Commercial Jet’s Dothan facility for painting into the liveryRead More

FedEx and Museum of Flight tell 100-year cargo story

FedEx and Museum of Flight tell 100-year cargo story

October 21, 2016 at 10:18 am 4 comments

With $1.5 million funding from FedEx, Seattle’s Museum of Flight this year opened what it calls “the world’s first air cargo exhibit.” In 2015, the museum approached FedEx Express about constructing an exhibit chronicling the air cargo story, and FedEx agreed. It took over a year (and the deconstruction of aRead More

Amazon locker

Last-mile pick-up, and the revitalization of brick & mortar retail?

August 23, 2016 at 10:57 am 0 comments

Yesterday, we provided an overview of e-commerce growth around the world. Our focus was on the disruptive impact growing cross-border e-commerce in China has had on air freight forwarders and the way in which one forwarder has responded. You can read that analysis here, while today we shift our focus to last-mile delivery, andRead More

FedEx & Emirates top the cargo rankings in 2015

FedEx & Emirates top the cargo rankings in 2015

July 11, 2016 at 10:37 am 0 comments

After years of steadily rising through the ranks, Emirates became the world’s top international cargo carrier in 2013, and that dominance has grown in the two years since. The full rankings of the top fifty carriers, including international, domestic, and total traffic, are shown in the chart at the bottomRead 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

FedEx acquires TNT – now the hard work begins

FedEx acquires TNT – now the hard work begins

May 25, 2016 at 9:41 am 0 comments

Today FedEx reached the end of its long road to the acquisition of TNT. It also started down the longer, and likely more rocky, road of making that acquisition work. To begin, nothing much will change. “In the near term, customers can expect to interact with each company as theyRead More