E-commerce drives massive quarterly profit for Alibaba

Chinese e-Commerce giant Alibaba reported fiscal third-quarter net income up 38% to US$2.47 billion. Total revenue for the quarter (ended 31 December 2016) was up 54% to $7.67 billion, while operating income rose 66% to $2.98 billion. Operating margin was up 4 percentage points to 39%. The chart at right shows the financial performance of […]
  • David Harris
  • January 25, 2017

Yusen Logistics expands to Switzerland

Japan-based freight forwarder Yusen Logistics opened a branch office near Zurich Airport on 1 January, 2017. Home to two of the world’s largest airfreight forwarders, Panalpina and Kuehne + Nagel, Yusen called the Swiss office a “strategic step” for the company. The new outpost will offer air and ocean freight services, land transportation and customs […]
  • David Harris
  • January 8, 2017

Global Buy, Global Sell

Early last year, when Daniel Zhang took over as CEO of Chinese e-commerce giant Alibaba, he said the company was going to globalize, that the new goal was “Global buy and global sell.” In his view, Alibaba’s market was no longer China, but the world. But how to reach the world? Over the last two […]
  • David Harris
  • November 29, 2016

China’s startups that never start

By now the airfreight industry is well-aware of the proclivity of Chinese consumers to flock to online platforms to purchase goods – whether they be household items, or imported luxury goods. With skyrocketing demand for fast and reliable delivery, domestic express carriers in turn have been adding capacity as rapidly as possible. But why then, are […]
  • Charles Kauffman
  • October 20, 2016

Atlas orders nine 767-300BCF conversions

Atlas Air Worldwide Holdings (AAWW) placed a firm order with Boeing for passenger-to freighter conversion of nine 767-300s. As Cargo Facts speculated last month, this includes four conversion orders previously attributed to an unidentified customer. The order comes as no surprise, as Atlas’ recent agreement with Amazon requires it to provide twenty freighter-converted 767-300s by […]
  • David Harris
  • October 11, 2016

Peeking ahead to peak season

Yes, it is still mid-summer, but news out of China today has us looking ahead to the fourth quarter. Peak season may not be quite the massive boost to air freight volumes that it once was, but it is still important. Retailers still make mistakes with inventory planning, and there is nothing a cargo airline […]
  • David Harris
  • July 29, 2016

YTO Express takes 4th 737-300F, may have firmed 10 737-800BCF options

Last month, YTO Express Airlines took delivery of its fourth freighter-converted 737-300. Yesterday evening, on 5 July, the plane took off on its maiden flight to Beijing Capital (PEK) from Hangzhou’s Xiaoshan (HGH) airport sporting YTO livery. YTO is leasing the ex-Donghai Airlines freighter (24916) from GECAS, and plans to begin using it immediately to […]
  • Charles Kauffman
  • July 6, 2016

A third hub for Cargolux?

SHANGHAI – Speaking at the Air Cargo China event in Shanghai today, Cargolux CEO Dirk Reich hinted that his airline might move from its current dual-hub strategy to a triple-hub strategy, with the third hub located somewhere in the US. Two years ago, when Luxembourg-based Cargolux added a second hub in the Chinese city of […]
  • Charles Kauffman
  • June 15, 2016
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