DP-DHL doubles third-quarter profit

Deutsche Post-DHL’s third-quarter net income more than doubled year-over-year to €1.79 billion, as total revenue declined 3.9% to €13.86 billion. Operating profit (EBIT) in the quarter almost tripled to €755 million. This somewhat odd-looking combination – net income and EBIT up by triple-digit percentages in the face of falling revenue – resulted from  a combination of […]
  • David Harris
  • November 10, 2016

Who is carrying all that European traffic?

According to IATA, cargo traffic flown by carriers based in Europe was up 12.6% year-over-year in September, their biggest gain in many years. This strong performance by European carriers has now been going on for six months. But who is carrying all that cargo? In the past, the answer would have been simple: Air France-KLM, […]
  • David Harris
  • November 4, 2016

Ramp-up for the Amazon contract hits an otherwise strong quarter for Atlas

As expected, Atlas Air Worldwide Holdings (AAWW) reported a third-quarter loss, the result of expenses related to the company’s agreement to operate a twenty-unit 767-300F fleet for Amazon. As can be seen in the chart at right, AAWW reported a loss of $7.9 million in the quarter, as revenue was almost flat (down 0.4%) with 3Q15. […]
  • David Harris
  • November 3, 2016

Strong air freight gains save Panalpina’s 3rd quarter

Switzerland-based forwarder and logistics services provider Panalpina reported third-quarter net income up 2.5% y-o-y to US$25 million, as gross profit (what some forwarders call net revenue) fell 4.3% to $359 million. Operating income (EBIT) for the quarter was up 2.8% to $33 million. For the first three quarters of 2016, Panalpina’s net income was down […]
  • David Harris
  • October 25, 2016

Strong 3Q Airfreight performance for K+N

Switzerland-based forwarder and logistics services provider Kuehne + Nagle reported third-quarter net income down 4.8% y-o-y to US$179 million, as Gross Profit (what some forwarders call net revenue) rose 4.8% to $1.68 billion. Operating income (EBIT) for the quarter was down 3.0% to $225 million. For the first three quarters of 2016, K+N’s net income […]
  • David Harris
  • October 18, 2016

FedEx calls out ‘fantastical’ news reports

FedEx reported fiscal third-quarter net income down 19.3% y-o-y to $507 million, as revenue rose 8.5% to $12.7 billion. Operating income for the quarter was down 16.8% to $864 million. But, as usual, the reported figures mask the impact of one-time charges – in this case, expenses related to legal issues and the pending acquisition […]
  • David Harris
  • March 17, 2016