Post Tagged with: "FedEx"

767 Renaissance

767 Renaissance

January 26, 2016 at 9:42 am 0 comments

It is common wisdom in the aviation world that first delivery of a new aircraft type is the death knell for the type it replaces.  But to paraphrase Mark Twain, “reports of the 767’s death have been greatly exaggerated.” Boeing delivered its first 787 – a direct replacement for theRead More

FedEx/TNT — all over but the shouting

FedEx/TNT — all over but the shouting

January 8, 2016 at 10:51 am 0 comments

No, FedEx did not complete the takeover of TNT today, and no, it won’t happen tomorrow, but the European Commission today granted unconditional approval of the deal, and completion is now a foregone conclusion. Margrethe Vestager, the European Union’s Commissioner for Competition, said the EC had “thoroughly assessed the markets affected,” andRead More

Freighter orders bloom in 2015

Freighter orders bloom in 2015

January 5, 2016 at 10:40 am 0 comments

After what appeared to be a good start, 2015 turned into something of a limbo year for air freight. By March, with the one-time boost from the US West Coast ocean port labor strife fading, it became apparent that underlying growth in demand was relatively small, and the remainder ofRead More

ASL and  West Atlantic are raising cash

ASL and West Atlantic are raising cash

December 29, 2015 at 9:17 am 0 comments

The front-runner to acquire TNT’s two airlines – in terms of market speculation, anyway – is Ireland’s ASL Aviation Group and its 51% shareholder, Compagnie Maritime Belge (CMB). So it comes as little surprise that ASL has completed a funding round, worth US$110m, for “growth plans.” While no one isRead More

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

[EXCLUSIVE] Amazon building its own overnight airfreight operation, sources say

December 17, 2015 at 12:21 pm 64 comments

Amazon.com Inc. is creating a logistics operation that will include overnight air operations in the US domestic market, potentially including the acquisition of at least 20 freighter aircraft, Cargo Facts has learned. Currently, Amazon ships most of its parcels through United Parcel Service, FedEx, and the United States Postal Service.Read More

[EXCLUSIVE] Details on how Amazon will build its overnight air venture

[EXCLUSIVE] Details on how Amazon will build its overnight air venture

December 17, 2015 at 11:19 am 0 comments

News of the ramping up of an Amazon logistics unit comes in the wake of something of an open secret that the e-commerce giant is conducting a trial air operation in the US, in partnership with Air Transport Services Group Inc, a publicly traded airfreight company. Less commonly known isRead More

Air Cargo Executives of the Year

Air Cargo Executives of the Year

December 3, 2015 at 9:10 am 0 comments

Every December, our sister publication Air Cargo World singles out an individual who has had a major impact on the air freight industry during the previous year, and features him as the “Air Cargo Executive of the Year.” In 2015, however, Air Cargo World decided that the award should goRead More

Strong Express performance drives FedEx gains

Strong Express performance drives FedEx gains

September 21, 2015 at 10:54 am 0 comments

FedEx reported net income up 6.0% y-o-y in its fiscal first quarter, to $692 million, as total revenue rose 5.1% to $12.28 million. Operating income for the quarter rose 7.7% to $1.14 billion. However, adjusting for a one-time gain of $64 million in the first quarter of FY2015, the resultRead More