FedEx to park or retire 35 freighters on express headwinds, severed Amazon ties

Concurrent with the release of its 1QFY20 earnings, FedEx announced plans to park or retire the equivalent of up to thirty-five MD-10-10F, A310-300F and MD11F aircraft by the end of its next fiscal year. The company blamed weaker than expected express demand on trade friction and other macroeconomic influences battering the industrial sector. FedEx also […]

Express companies attempt to shift from serving as mere e-commerce delivery subcontractors

In mid-September, Cargo Facts Consulting will publish a new report, the Global E-Commerce Logistics Outlook, to help companies craft their strategies towards a segment that has become increasingly important in logistics. This is the third of a series of articles leading up to the publication of the report that provides a window into our research.  […]

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 […]

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 […]

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 […]

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 […]

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 […]

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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