UPS package volumes rise 7%

A 7.2% increase in average daily package volume drove strong second-quarter operational performance for UPS. Total revenue for the quarter was up 5.6% to $14.27 billion, but the company took a one-time charge of $665 million (related to post-retirement health-care benefits), which drove net income down 57.6% y-o-y to $454 million, and operating profit down […]

YTO Express gets preliminary approval for air operations

The Civil Aviation Administration of China (CAAC) granted initial approval for the launch of service later this year by YTO Express Airlines. According to data from the China Federation of Logistics and Purchasing, express companies in the country delivered 9.2 billion packages in 2013, up 61.6% over 2012. This raised the average annual growth rate […]

France launches investigation of express companies

French anti-trust regulator goes after package delivery companies. DHL, FedEx, TNT, and the UK’s Royal Mail are among delivery firms targeted in by the Autorité de la Concurrence in an ongoing anti-trust investigation of their French divisions. According to a report in Bloomberg, FedEx, Royal Mail, and TNT have indicated that the process could result […]

Another huge loss for the USPS

The US Postal Service reported a net loss of $1.9 billion in its second fiscal quarter (ended 31 March). While growing package service volumes (including last mile delivery for express companies) increased, driving total revenue for the quarter up 2.3% to $16.73 billion, the USPS faces continuing decline in volume and revenue for its core […]

FedEx beats 4Q expectations

FedEx turned in a strong fiscal fourth quarter, capping a strong year. The company reported net income up 141% in its fiscal fourth quarter (ended 31 May 2014) to $730 million, as revenue rose 3.5% to $11.84 billion. Operating income for the quarter was up 136% to $1.18 billion, and operating margin was a solid 10.0%, […]

Solid quarter and year for FedEx

FedEx turned in a strong fiscal fourth quarter, capping a strong year. We will post a detailed analysis tomorrow, but here are a few highlights. The company reported net income up 141% in its fiscal fourth quarter (ended 31 May 2014) to $730 million, as revenue rose 3.5% to $11.84 billion. Operating income for the quarter […]

DHL ramps up 737  operations in the Americas

US-based Southern Air took redelivery of the second of five 737-400Fs (27674, ex-Malaysia Airlines) it will operate for DHL Express on a CMI basis in the Americas. Conversion of the aircraft to freighter configuration was done by  Aeronautical Engineers Inc at Commercial Jet’s Dothan facility. This is part of a multi-year agreement between DHL and […]

DHL expands its trans-Pacific fleet

It doesn’t seem that long ago that Deutsche Post-DHL was at the absolute nadir of its involvement in the US. In an attempt to enter the US domestic express market and compete directly with UPS and FedEx, DHL bought Airborne Express and tried to expand this small, moderately successful low-cost alternative to the big two […]
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