UPS reports strong all-round growth

UPS reported first-quarter net income up 2.4% y-o-y to $1.16 billion as revenue increased 6.2% to $15.32 billion. Operating profit for the quarter, however, was down 2.1% to $1.78 billion as fuel surcharge revenue lagged a big increase in fuel expense. In recent years, the quarterly reports from the world’s big express companies have often […]

China’s B2B express volume to grow dramatically

SHANGHAI – The freighter fleets of China’s express companies are growing rapidly as an increasing proportion of retail spending moves online—but that’s only half the reason express companies are adding airfreight capacity as quickly as possible. Yesterday at Cargo Facts Asia 2017 in Shanghai, Peter Huang, director of corporate planning at SF Airlines, said that the […]

PEMCO launches 737-700 conversion programs, books launch order

SHANGHAI – At the Cargo Facts Asia event in Shanghai today, PEMCO World Air Services formally launched passenger-to-freighter and passenger-to-combi programs for Boeing’s 737-700. PEMCO, which was recently acquired by Air Transport Services Group, also announced a launch order from Bahrain-based Chisholm Enterprises, parent of charter operator Texel Air, for the combi variant. Given the […]

EFW offers “14 + 10” pallet positions on A321 P-to-F

SHANGHAI: At the Cargo Facts Asia event in Shanghai yesterday, Wolfgang Schmid, EFW’s VP Sales & Marketing, announced that the company’s A321 passenger-to-freighter conversion would offer fourteen full-size (AAY) main-deck pallet positions, plus ten LD3-45W positions in the lower hold. This, EFW says, means that its A321P2F will offer the equivalent of seventeen full-size positions, […]

Hong Kong Air Cargo receives AOC

It’s not every day a Hong Kong-based startup receives an Air Operator’s Certificate, in fact, it has been about twelve years since the last new-issue permit. Today, that changed when Hong Kong Air Cargo, a spin-off from combination carrier, Hong Kong Airlines was granted an AOC. More details are expected following a grand opening ceremony […]

First A330-200 enters freighter conversion

EFW inducted the first A330-200 for conversion to freighter configuration. The Chairman of EgyptAir Cargo (a pilot himself) flew it from Cairo to Dresden. And the plane actually carried revenue cargo on the flight – EFW tells Cargo Facts that with the cabin removed, the aircraft needed ballast, and, rather than use sandbags, EgyptAir loaded it with […]

E-commerce drives express fleet expansion — Part III

Today we conclude our three-part analysis of the worldwide express fleet. In Part I, we started with some background, and then a look at some of the smaller (and perhaps more interesting) companies. In Part II we looked at changes to the fleets of two of the three biggest players – FedEx and UPS. Today with finish with […]
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