Amazon network ramp-up drives a good quarter at ATSG

Air Transport Services Group (ATSG) reported a strong second quarter, with net income up 7.3% y-o-y to $12 million, as net revenue from customers rose 19.0% to $177 million. Operating income (EBIT) for the quarter was down 20.2% to $16 million. On an adjusted basis, pre-tax earnings were down 2.4% to $16 million, “reflecting $2.6 […]
  • David Harris
  • August 10, 2016

Atlas looks ahead

  Atlas Air Worldwide Holdings last week reported second-quarter net income down 27.5% y-o-y to $20.6 million, as expenses incurred in gearing up for the twenty-aircraft Amazon deal ate into profitability. Reported financial and operational results are shown in the chart at right, but perhaps more important than the results themselves is an examination of […]
  • David Harris
  • August 8, 2016

Strong gains in package volume for UPS

UPS reported second-quarter net income up 3.2% y-o-y, to $1.27 billion, as total revenue rose 3.8% to $14.63 billion, driven by the strong operational performance of its air units. With the exception of Domestic Deferred Air, average daily package volumes were up for all products in both the US Domestic and International reporting segments, led […]
  • Charles Kauffman
  • August 1, 2016

K+N steals the show in 2Q16

The head offices of two of the world’s largest forwarders are less than 100 km apart in Switzerland. But despite their geographical proximity (and exposure to the same foreign exchange and market effects), second-quarter financial and operating results were once again strikingly different for Kuehne + Nagel and Panalpina. We’ll get to the details below, […]
  • Charles Kauffman
  • July 20, 2016