Express & e-commerce drive first-quarter growth at DP-DHL

Deutsche Post-DHL reported first-quarter net profit down slightly (0.9%) y-o-y to €633 million, as total revenue rose 7.3% to €14.88 billion. Operating profit (EBIT) for the quarter was up 1.4% to €885 million. As is often the case, the reported results tell only part of the story. In the first quarter of 2016, DP-DHL’s Supply […]
  • David Harris
  • May 11, 2017

ATSG forecasts “solid growth into the next decade”

Air Transport Services Group (ATSG) reported first-quarter net income up 21.5% y-o-y to $10.0 million as net revenue jumped 34.1% to $238 million. Operating income for the quarter was up 15.6% to $17.7 million. Adjusting for the impact of non-cash expenses related to warrants associated with ATSG’s agreement with Amazon, net earnings were up 33% […]
  • David Harris
  • May 4, 2017

An (adjusted) flying start for Atlas in 2017

Atlas Air Worldwide Holdings (AAWW) reported a net first-quarter loss of $752,000 (compared to a $471,000 profit in 1Q16), as total revenues rose 13.6% y-o-y to $475 million. Operating income for the quarter was up 19.8% to $24 million. Given the net loss, why was Atlas so pleased with the result that CEO Bill Flynn […]
  • David Harris
  • May 3, 2017

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 […]
  • David Harris
  • April 28, 2017