DP-DHL: Express thrives, Forwarding drags

Deutsche Post-DHL reported second-quarter net income down 29.3% y-o-y to €326 million, as total revenue rose 7.3% to €14.70 billion. Operating income (EBIT) for the quarter was down 18.1% to €537 million. DP-DHL is a sometimes awkward combination of four separate reporting divisions – or, perhaps more accurately, a combination of three reasonably solid, if […]

An outstanding quarter for Expeditors

US-based forwarder and logistics services provider Expeditors International reported second-quarter net income up 29.0% y-o-y to a record $118 million, as net revenues rose 13.9% to $552 million – also a record. Operating income for the quarter was up 28.3% to $183 million, yet another record. The year-over-year gains in operating income and net income, […]

ATSG, the evolution continues

US-based Air Transport Services Group (ATSG) reported second-quarter net income up 13.4% to $10.8 million, despite a slight (0.8%) decline in revenue to $148.4 million. Operating income (EBIT) for the quarter was up 9.3% to $19.8 million. The story behind these big increases in income is interesting, and reflects the evolution of what was once […]

Atlas posts a solid 2Q, looks ahead to strong peak

Atlas Air Worldwide Holdings (AAWW) this morning reported second-quarter net income down 4.1% y-o-y to $28 million, as total revenue rose 3.3% to $456 million. Operating income for the quarter was up almost 130% to $61 million. However, after adjusting for a variety of one-time charges and gains in the second quarters of 2014 and […]

UPS 2Q: Revenue down, profit way up

UPS reported second-quarter net income up over 170% y-o-y to $1.23 billion, as total revenue declined 1.2% to $14.09 billion. Reported operating income for the quarter was up over 160% to $1.96 billion. Of course, the huge gains in reported operating income and net income shrink substantially when adjusted for a major one-time charge taken […]

TNT breaks even, increases CapEx in Q2

TNT Express reported second-quarter net income of €0, down slightly from the €1 million reported in the second quarter of 2014. This breakeven net result came despite a 6.2% increase in revenue to €1.76 billion. Reported operating income for the quarter was €19 million, up from €3 million in 2Q14. However, after taking into account […]
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