TNT increases its focus on road transport

TNT reported a net loss of EUR56 million in the third quarter of 2014, well down from a EUR6 million profit in 3Q13, as revenue declined 2.0% y-o-y to EUR1.65 billion. Operating income in the quarter went from slightly positive (EUR3 million) a year ago to a EUR47 million loss this year. The reported figures […]

ATSG reports 3Q profit up, extends DHL agreement

US-based Air Transport Services Group (ATSG) reported third-quarter net income up 27.0% y-o-y to $10 million, as total revenue rose 3.1% to $185 million. Operating income for the quarter was up 10.1% to $18 million, and CEO Joe Hete said “I’m confident that we’re heading for one of the best years in our history, given […]

3Q net income up 16% for Atlas

Atlas Air Worldwide Holdings reported third-quarter net income up 16.2% y-o-y to $26 million, as revenue rose 14.9% to $486 million. Operating income (EBIT) for the quarter was up 5.7% to $61 million. The chart at right gives a detailed look at the company’s financial and operational performance, but here are some highlights by operating segment: […]

Full throttle at Expeditors

It was double-digit gains almost everywhere for US-based forwarder and logistics services provider Expeditors International. Expeditors reported third-quarter net income up 10.9% y-o-y to $103 million as net revenue (what European forwarders call gross profit) rose 5.8% to $513 million. Operating income for the quarter increased 8.8% to $159 million. The revenue and income increases […]

UPS 3Q volumes up across the board

UPS reported third-quarter net income up 10.7% y-o-y to $1.21 billion as total revenue rose 5.7% to $14.29 billion. Operating profit for the quarter was up 8.3% to $1.95 billion. The chart at right shows the company’s financial and operational results for both the third quarter and the year through 30 September. What jumps out […]
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