Horst joins Cargo Facts Consulting as managing director

Frederic Horst, a long-time airfreight analyst, consultant, and strategist, has joined Cargo Facts Consulting as managing director. Horst’s appointment is effective immediately. Cargo Facts Consulting, the sister consultancy of this news resource, was founded in 1978 as Air Cargo Management Group. Cargo Facts Consulting has a long history of providing exceptional advisory and research to […]
  • JJ Hornblass
  • March 7, 2019

DP-DHL’s 4Q Express, GF growth outweighed by PeP weakness

Despite revenue growth across all segments during the fourth quarter, and operating profit (EBIT) growth in the Express and Global Forwarding segments, Deutsche Post-DHL Group (DP-DHL) reported Group EBIT declines of 4.0% year-over-year to €1.13 billion, and 15.5% to €3.16 billion for the 4Q and FY2018 respectively, due to sharp declines in the Post-eCommerce-Parcel (PeP) segment. PeP EBIT fell 28.4% and […]
  • Caryn Livingston
  • March 7, 2019

String of deals in 4Q18 set ATSG up for growth in 2019

Yesterday, we considered how an application to the Department of Transportation revealed Air Transport Services Group’s (ATSG) desire to get into 777F operations through its subsidiary, Omni Air LLC. Today, we turn to ATSG’s 4Q18 results, which on the surface look disappointing, but actually position ATSG for significant growth in 2019 and 2020. The company […]
  • Charles Kauffman
  • March 1, 2019

Atlas fleet boost bumps 4Q18 earnings

Atlas Air Worldwide Holdings (AAWW) reported a fourth-quarter net income of $211.0 million, up 0.7%  from net income of $209.5 million for 4Q 2017 on solid results from the company’s ACMI, Charter and Dry Leasing segments. Operating income rose 19.5% to $127.6 million and total operating revenues increased 21.8% to $765.0 million from substantial growth […]
  • Charles Kauffman
  • February 19, 2019

After record 2018, Boeing expects ‘moderated’ freighter orders in 2019

During today’s earnings call to discuss 4Q 2018 results, Boeing President and CEO Dennis Muilenburg said that following the strong showing of freighter orders in 2018 – a record of eighty-three production and forty-one conversion orders – the manufacturer “expects to see new order intake to be moderated, but still at a healthy pace” for […]
  • Caryn Livingston
  • January 30, 2019

FedEx revenues rise, while Express trends worsen in 2QFY19

This week, Memphis-based FedEx reported a 9.3% year-over-year increase in revenue for its 2QFY19, ended 30 November, to US$17.82 billion. Operating income during the quarter was up only 4.8%, compared to a double-digit increase reported for 1Q, to $1.17 billion, and net income rose 20.6% to $935 million. The Express segment presented substantial headwinds for […]
  • Caryn Livingston
  • December 20, 2018

Expeditors reports record 3Q profits

US-based forwarder and logistics services provider Expeditors International reported record third quarter profitability, with the highest net revenue and operating income in its history. During this year’s third quarter, net income was up 35.2% year-over-year to $163 million, as net revenue increased 10.4% to $661 million. Operating income for the quarter was up 8.7% to […]
  • Chelsea Toczauer
  • November 7, 2018

DP-DHL 3Q operating profit under pressure from PeP division

Ongoing challenges in Deutsche Post-DHL Group’s (DP-DHL) Post-eCommerce-Parcel (PeP) segment depressed an otherwise positive third quarter for the Group. While DP-DHL posted operating profit (EBIT) gains in Express, Global Forwarding and Freight, and Supply Chain segments, a substantial year-over-year decrease in third quarter EBIT for the PeP division weighed heavily on the Group’s overall EBIT […]
  • Chelsea Toczauer
  • November 6, 2018
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