UPS

ATSG expands credit facility to grow 767 freighter fleet

Yesterday, Air Transport Services Group announced the growth of its credit facility by US$100 million to $645 million, along with a one-year extension through May 2024. Quint Turner, ATSG’s CFO, said the company will invest a majority of its $475 million capital expenditure budget this year to acquire thirteen 767-300s, most of which will be […]

Widebody freighter transactions accelerate during first half of May

During the first fifteen days of May 2019, Cargo Facts recorded a total of fifteen freighter aircraft transactions, up three transactions month-over-month from April. In a major shift from last month, transactions involving widebody freighters represented 80% of the transactions during this period (twelve units) compared to just five units last month. Below, we include […]

Does Amazon really matter to intra-European express, postal, courier and ground transport?

A Google News search today of the term “Amazon” yields 566,000 hits. Indeed, the online retailing behemoth is seemingly everywhere, dominating discussions in the airfreight market, but just how important is Amazon to the intra-European freight market? The answer will surprise you. Recently, we took a brief look at the importance of Amazon for the […]

How important is Amazon to the US domestic air freight and express business?

Amazon is big. In 2018, the company’s share of US e-commerce sales reached around 50%. E-commerce itself accounts for about 15% of total US retail spending. But how big is Amazon for the domestic air freight and express business? And has Amazon’s growth come at the detriment for FedEx and UPS? To be clear, Amazon […]

Freighter orders, deliveries slow in 1Q19

Freighter orders and deliveries fell 5.6% last quarter to 14 deliveries and redeliveries of production freighters and freighter conversions, Cargo Facts reports. Cargo Facts tracks global freighter aircraft transactions in its FAT database here. Starting with orders for production and converted freighters during 1Q19, totals were significantly slower than during 1Q18, when fifty-two orders or […]

UPS’ growing 747-8F fleet boosts air volumes in Q1

UPS reported first-quarter 2019 net income was down 17.4% year-over-year to $1.11 billion, on revenues that were up slightly (0.3%) at $17.1 billion. Operating profit for the quarter declined 8.3% to $1.39 billion, as the company was hit by forecasted “headwinds” and a series of severe winter storms that impacted the company’s US Domestic segment. […]

The narrowbody freighter fleet part III: 757-200F dominates in express

Today we conclude our analysis of the worldwide fleet of narrowbody jet freighters with a look at the fleet on a type-by-type basis, with a focus on express vs. general cargo, and then by regional distribution. You can read part I on the overall composition of the fleet here, and part II on the passenger-to-freighter […]
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