FedEx reports substantial 4Q loss from economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]
  • Chelsea Toczauer
  • June 26, 2019

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 […]
  • Frederic Horst
  • May 24, 2019

YTO, HNA partner to share capacity, develop specialty services

In April, the parent company of YTO Express signed a cooperation agreement with HNA Modern Logistics that will foremost, give YTO Express access to belly-hold and freighter capacity on the domestic and international networks of HNA-affiliate carriers. The agreement also calls for the joint development of cool-chain transportation solutions across China, and express-oriented construction projects […]
  • Charles Kauffman
  • May 10, 2019

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 […]
  • Frederic Horst
  • May 8, 2019

Cargo Facts Asia: 2 fast-growing Asian express carriers pursuing ACMI

SHANGHAI – Tianjin Air Cargo and Juneyao Air Logistics, two fast-growing Chinese express carriers, will consider ACMI leasing of widebody and narrowbody freighter aircraft, respectively, the companies said at today's eighth annual Cargo Facts Asia here. Although carriers serving the e-commerce fueled express markets would ultimately prefer to control their own long-haul capacity, panelists agreed […]
  • Caryn Livingston and Charles Kauffman
  • April 16, 2019

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 […]
  • Caryn Livingston
  • April 9, 2019

DP-DHL’s 4Q Express, GF growth outweighed by PeP weakness

Despite revenue growth across all segments during the fourth quarter, and operating profit (EBIT) growth in the Express and Global Forwarding segments, Deutsche Post-DHL Group (DP-DHL) reported Group EBIT declines of 4.0% year-over-year to €1.13 billion, and 15.5% to €3.16 billion for the 4Q and FY2018 respectively, due to sharp declines in the Post-eCommerce-Parcel (PeP) segment. PeP EBIT fell 28.4% and […]
  • Caryn Livingston
  • March 7, 2019

CF EMEA 2019: lower asset utilization fuels European express market’s appetite for converted 767Fs

Low utilization rates and inefficient packaging are driving European express demand for freighter-converted 767Fs, said panelists at this week’s first-ever Cargo Facts EMEA event in Frankfurt. Dr. Joerg Andriof, Chief Operating Officer, Titan Aircraft Leasing, told delegates that the most efficient express networks in Europe utilize feeder aircraft, 737Fs, and 767Fs. “On the trunk routes […]
  • Caryn Livingston
  • February 7, 2019
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