Cargo traffic suffers in February

With February results now in from many of the world’s major carriers and airports, we ought to have a clearer picture of the start to 2016, with the impact of the timing of the Chinese New Year holiday eliminated by treating January and February as a single month. However, the picture this year is also […]
  • David Harris
  • March 15, 2016

DHL Global Forwarding bounces back

Deutsche Post-DHL reported fourth-quarter net income up 4.7% y-o-y to €670 million, as total revenue was almost flat (down 0.2%) at €15.34 billion. Operating profit for the quarter was up 5.7% to €957 million. If there was a highlight in the quarter, it was the beginning of a turnaround in the company’s troubled Global Forwarding, […]
  • David Harris
  • March 10, 2016

Amazon gains right to own 19.9% of ATSG as 20-freighter network is confirmed

One day after reporting excellent fourth-quarter results, Air Transport Services Group (ATSG) finally broke the news we have been expecting for some time: it has signed a deal with e-commerce giant Amazon to operate an express air network based on twenty ATSG-owned 767 freighters. No huge surprise there, as it has been an open secret […]
  • David Harris
  • March 9, 2016

IPO Express

No, despite the similarity in initials, this is not a new Chinese express company. However, according to reports piling up in the Chinese media this week, YTO Express, ZTO Express, STO Express, and SF Express are all in the process of making an Initial Public Offering – that is, they have all boarded the IPO Express. […]
  • David Harris
  • March 1, 2016

January’s tea leaves are hard to read

Most of the world’s major cargo carriers and airports have reported their January results. Some are reporting solid increases in demand and some are reporting significant declines, but not only is there no discernable pattern, there is also the as-yet-unknown impact of the timing of the Lunar New Year holiday hanging over the reported results, […]
  • David Harris
  • February 29, 2016

Airlink responds to disaster in Fiji

As regular readers of this website know, Cargo Facts has for some time been a supporter of Airlink, the rapid-response humanitarian relief organization that links airlines with prequalified nonprofits. Airlink is currently involved in the launch of a rapid response to bring aid to the victims of Cyclone Winston, and we hope you will help. Cyclone Winston, […]
  • David Harris
  • February 25, 2016

Boeing cuts 747-8 production rate

Boeing yesterday announced yet another cut in the production rate of its 747-8. The manufacturer said that in addition to its previously announced reduction of 747-8 production to one unit per month in March of this year, it would further cut the rate to 0.5 units per month (six per year) in September – and take an […]
  • David Harris
  • January 22, 2016

Cargolux looks back at 2015 and ahead to 2017

Luxembourg-based all-cargo carrier Cargolux spent much of 2015 locked in battle with one of its unions, but emerged from the year not only with labor peace finally achieved, but also reporting significant operational gains. Cargolux said cargo volume in 2015 was up 7.4% (well above the industry average) to 890,000 tonnes. How this volume increase […]
  • David Harris
  • January 20, 2016
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