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% […]
  • Charles Kauffman
  • October 26, 2017

FedEx’s quarterly earnings take hit from cyberattack, hurricane

After a record fourth quarter in its fiscal year 2017, FedEx’s 2018 fiscal year got off to a rougher start as TNT Express operations faced costly setbacks from a cyberattack, and as the company’s US operations felt the disruptive forces of Hurricane Harvey. Overall net income was down 17% year-over-year, to US$596 million on total […]
  • CarynLivingston
  • September 20, 2017

Green grass and high tides for Atlas

Not only did Atlas Air Worldwide Holdings (AAWW) report an extremely strong second quarter and first half, CEO Bill Flynn said the company expected the good momentum “to carry through 2017, into 2018, and beyond.” In the second quarter, Atlas reported net income up 89.3% over 2Q16 to $40 million, as revenues increased 16.7% to […]
  • David Harris
  • August 2, 2017

Everything is coming up roses for UPS

UPS reported strong financial and operational performance in the second-quarter of 2017, with net income up 9.1% y-o-y to $1.38 billion as revenue rose 5.0% to $15.75 billion. Operating income for the quarter was up 8.7% to $2.22 billion. Revenue rose in all three of the company’s operating segments, and operating income was up in […]
  • David Harris
  • July 27, 2017

Air freight success boosts K+N’s second quarter

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported second-quarter net income up 2.1%, as gross profit (what some forwarders call net revenue) rose 3.9% to US$1.81 billion. EBIT for the quarter was up 2.1% to $200 million. These low-single-digit financial numbers hide the fact that K+N’s Airfreight and Seafreight business units turned in […]
  • David Harris
  • July 18, 2017

Express & e-commerce drive first-quarter growth at DP-DHL

Deutsche Post-DHL reported first-quarter net profit down slightly (0.9%) y-o-y to €633 million, as total revenue rose 7.3% to €14.88 billion. Operating profit (EBIT) for the quarter was up 1.4% to €885 million. As is often the case, the reported results tell only part of the story. In the first quarter of 2016, DP-DHL’s Supply […]
  • David Harris
  • May 11, 2017

Record fourth-quarter earnings cap a great year for DP-DHL

Capitalizing on strong e-commerce growth and on a return to financial health by its forwarding arm, Deutsche Post-DHL reported net profit up more than 25% to €841 million in the fourth quarter of 2016. The big jump came despite revenue remaining almost flat (up just 0.5%) at €15.41 billion. Operating profit (EBIT) for the quarter […]
  • David Harris
  • March 10, 2017

Amazon network ramp-up drives a good quarter at ATSG

Air Transport Services Group (ATSG) reported a strong second quarter, with net income up 7.3% y-o-y to $12 million, as net revenue from customers rose 19.0% to $177 million. Operating income (EBIT) for the quarter was down 20.2% to $16 million. On an adjusted basis, pre-tax earnings were down 2.4% to $16 million, “reflecting $2.6 […]
  • David Harris
  • August 10, 2016
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