A 747-8F arithmetic lesson

The first lessons in arithmetic most of us received involved apples. You probably remember something like this: “If you have three apples, and give one to me, how many apples are left?” If you answered “Two,” you received a gold star. But, as the lessons progressed, the gold stars became more difficult to win. “If […]
  • David Harris
  • February 23, 2018

A record quarter for Atlas

Atlas Air Worldwide Holdings (AAWW) reported fourth-quarter 2017 net income up well over 600% y-o-y to $209.5 million, as revenue rose  18.5% to a record $627.9 million. Operating income for the quarter was up 5.2% to $106.7 million. The huge jump in reported net income was driven by three one-time financial items: A $130 million […]
  • David Harris
  • February 22, 2018

6 Chinese lessors with narrowbody freighter ambitions

Seven airlines based in mainland China operate sixty-six 737 Classic freighters that comprise the backbone of the country’s domestic airfreight express fleet. In the coming years, primarily in response to surging e-commerce demand, the narrowbody freighter fleets of China-based carriers are expected to expand rapidly, with new aircraft types. As in most parts of the […]
  • Charles Kauffman
  • February 21, 2018

Expeditors flies high!

US-based forwarder and logistics services provider Expeditors International reported fourth-quarter net income up 51.2% y-o-y to $168 million, as net revenue increased 14.6% to $629 million. Operating income for the quarter was up 15.6% to $199 million. At first glance, the more than 50% increase in profit looks odd, but the quarter’s net income included […]
  • David Harris
  • February 21, 2018

Freighter Aircraft Transactions through mid-February

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]
  • David Harris
  • February 19, 2018

AirBridgeCargo exploring a dual-hub strategy

Russia-based all-cargo carrier AirBridgeCargo is seeking to further consolidate its European freighter operations with the establishment of a secondary hub in Western or Central Europe that would complement its existing Moscow Hub.  The carrier is reportedly in the process of evaluating thirteen airports across Western and Central Europe to determine their ability to add adequate […]
  • Charles Kauffman
  • February 16, 2018

JD Logistics launches domestic rail freight pilot program

Yesterday we reported that JD.com, Inc. was selling a 19.6% share in its subsidiary JD Logistics, in a deal valued at US $2.5 billion. You can read about that here. In the post, we questioned if the new capital would enable JD to follow Amazon’s lead and build its own air network. Although a crystal […]
  • Charles Kauffman
  • February 15, 2018

JD Logistics’ new multi-billion-dollar investors

Earlier today, Beijing-based e-commerce giant JD.com, Inc., announced it was selling a 19.6% stake in the logistics subsidiary it spun-out as a standalone company last April, in a deal valued at US$2.5 billion. Following US-based Amazon’s launch of an own-operated air freight network (operated by subsidiary carriers of ATSG and Atlas Air Worldwide Holdings Inc.), […]
  • Charles Kauffman
  • February 14, 2018
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