FedEx FY19 off to a strong start in first quarter

Yesterday, Memphis-based FedEx reported revenue up 11.5%  y-o-y for its 1QFY19 (ended 31 August) to US$17.05 billion. Operating income for the quarter rose 10.3% to $1.07 billion, while net income jumped 40.1% to $835 million. Looking beyond the quarter, company CEO Fred Smith told analysts during an earnings call the company is anticipating record-breaking volume […]
  • Charles Kauffman
  • September 18, 2018

China Postal Airlines’ parent planning IPO, and fleet expansion?

China Postal Express & Logistics Co., Ltd (EMS), a subsidiary of Beijing-based China Post, which owns a number of logistics companies, including China Postal Airlines and China Post Logistics, is planning to execute an IPO within three years. China Post Chairman, Liu Aili, announced the subsidiary’s intention to go public last week during a signing […]
  • Charles Kauffman
  • August 27, 2018

Rapid growth of China’s express market continues into 1H18

During the first half of this year, China’s domestic express delivery sector delivered 22.08 billion parcels, an increase of 27.5% y-o-y from 1H17.  International cross-border deliveries, which include parcels moving between mainland China, Taiwan, and Hong Kong and Macau, increased by 43.1% during the same period, to 520 million parcels, according to statistics from the […]
  • Charles Kauffman
  • August 10, 2018

YTO Cargo Airlines looks beyond scheduled freighter services

Earlier this week, Hangzhou-based YTO Cargo Airlines opened a cargo sales office in downtown Shanghai, a move that seems to reflect a departure away from a business model previously reliant on providing lift for its parent company, YTO Express. Although “the majority of its capacity” will continue to serve YTO Express, the airline subsidiary is […]
  • Charles Kauffman
  • May 24, 2018

DP-DHL 1Q growth challenged by Supply Chain, Post weakness

Deutsche Post-DHL Group reported mixed results for the first quarter of 2018, as net profit fell 6.2% year-over-year to €631 million and total revenue also edged lower by 0.9% to €14.75 billion. Operating profit (EBIT) for the quarter rose 2.3% to €905 million. While CEO Frank Appel noted that the declines in revenue and net […]
  • Caryn Livingston
  • May 9, 2018

Overheard at Cargo Facts Asia Part I: It’s Safe to be Bullish

SHANGHAI – A record crowd of senior air cargo executives gathered for Cargo Facts Asia 2018, held at the Mandarin Oriental Pudong. Once again, the crowd was enlightened with presentations and discussions from some of air cargo’s best and brightest while enjoying focused networking opportunities with the people shaping the air freight industry. The opening […]
  • Caryn Livingston and Charles Kauffman
  • May 7, 2018

Atlas reports an exceptional first quarter, and ups full-year guidance

Atlas Air Worldwide Holdings (AAWW) reported first-quarter net income of $9.6 million, up from a reported loss of $752,000 a year earlier. Adjusting for a variety of one-time impacts, net income was up 187.4% y-o-y to 23.8 million, while total revenue rose 24.1% to $590 million. Operating income for the quarter jumped 68.8% to $40.6 […]
  • David Harris
  • May 3, 2018

Strong package volume gains drive first-quarter profit for UPS

UPS reported first-quarter 2018 net income up 15.4% y-o-y to $1.35 billion, as total revenue rose 7.2% to $10.28 billion. Operating profit for the quarter declined 6.0% to $1.52 billion, as the company’s US Domestic segment was hit by “headwinds from severe winter weather of $85 million, Saturday deployment, network projects, and higher pension expenses.” […]
  • David Harris
  • April 26, 2018

E-commerce & express drive airport cargo growth

In Europe, the gulf between express and general cargo continues to widen. Cargo volume growth at Europe’s major cargo airports was less than stellar in the first quarter of 2018, with March being particularly weak. To some extent, this reflects the lackluster performance of the major cargo airlines with hubs at these airports: Lufthansa reported […]
  • David Harris
  • April 23, 2018

All eyes on Amazon… and Brazil

After a severe three-year recession that began in 2014, Brazil’s economy appears to be on the rebound, with GDP growth of 0.7%, y-o-y in 2017, and expected growth of 1.9% this year, according to the IMF. Although this will not be nearly enough to reverse contractions of 3.8% in 2015, 3.6% in 2016, it is […]
  • Charles Kauffman
  • April 19, 2018
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