Post Tagged with: "FedEx"

FedEx calls out ‘fantastical’ news reports

FedEx calls out ‘fantastical’ news reports

March 17, 2016 at 10:33 am 0 comments

FedEx reported fiscal third-quarter net income down 19.3% y-o-y to $507 million, as revenue rose 8.5% to $12.7 billion. Operating income for the quarter was down 16.8% to $864 million. But, as usual, the reported figures mask the impact of one-time charges – in this case, expenses related to legalRead More

ASL to take over TNT Airways

ASL to take over TNT Airways

February 5, 2016 at 10:53 am 1 comment

  One of the biggest questions arising out of FedEx’s acquisition of TNT Express has been answered: Ireland-based ASL Aviation Group signed an agreement to acquire TNT’s airline operations, including both TNT Airways, and Spain-based Pan Air Lineas Aéreas. The agreement is conditional on the completion of FedEx’s acquisition ofRead More

Amazon Airlines? Maybe, but maybe not.

Amazon Airlines? Maybe, but maybe not.

February 4, 2016 at 10:53 am 0 comments

Amazon seems to be saying “maybe not,” but in a way that is open to a wide variety of interpretation. We have covered Amazon’s move into the air freight business extensively. You can read our most recent analysis here, but the condensed version is that, in September 2015, Amazon set upRead More

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