Korean Air Cargo reports traffic, yields up significantly in Q317

Incheon-headquartered Korean Air Cargo reported Q317 cargo yields (in US$) up 12.3% y-o-y, on traffic that was 7.5% higher. Capacity rose 4.3% during the same period, pushing load factors up 2.4 points, to 78%. Overall tonnage rose 10%, driven primarily by higher international traffic. Outbound tonnage ex-Korea was up 10%. With increasing cargo revenues, the […]

Expeditors flies high in 3Q17

For what seemed like forever, US-based forwarder Expeditors reliably produced financial and operating results that were the envy of the industry. In fact, it is not much of a stretch to say that Expeditors’ margins would be the enviable in just about any industry. But last year, a bit of the shine came off. Despite […]

Surging international trade carries UPS in 3Q17

After a strong finish in the second-quarter of 2017, UPS reported weaker financial results in quarter three, in part because of the natural disasters which impacted Domestic Operations. The impact was minimized by higher average daily package volumes, and solid results from the company’s International Package Segment, which saw average daily package volumes jump 11.3% […]

A tale of two (Swiss) forwarders

Switzerland-based forwarding and logistics giants Kuehne+Nagel and Panalpina posted their third quarter results this week, and while the companies may be geographically close, their results are not close at all. Detailed third-quarter and year-to-date results for both K+N and Panalpina are shown in the charts at right, but here are a few comparisons from the […]
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