FedEx calls out ‘fantastical’ news reports

FedEx reported fiscal third-quarter net income down 19.3% y-o-y to $507 million, as revenue rose 8.5% to $12.7 billion. Operating income for the quarter was down 16.8% to $864 million. But, as usual, the reported figures mask the impact of one-time charges – in this case, expenses related to legal issues and the pending acquisition […]

DHL Global Forwarding bounces back

Deutsche Post-DHL reported fourth-quarter net income up 4.7% y-o-y to €670 million, as total revenue was almost flat (down 0.2%) at €15.34 billion. Operating profit for the quarter was up 5.7% to €957 million. If there was a highlight in the quarter, it was the beginning of a turnaround in the company’s troubled Global Forwarding, […]

IPO Express

No, despite the similarity in initials, this is not a new Chinese express company. However, according to reports piling up in the Chinese media this week, YTO Express, ZTO Express, STO Express, and SF Express are all in the process of making an Initial Public Offering – that is, they have all boarded the IPO Express. […]

Beijing to get 44 more weekly express flights

Two of China’s major express companies have applied for more flights to/from Beijing. And not just one or two more, but almost seven more every day. According to a report in the China Aviation Daily, YTO Express Airlines, the recently-launched air arm of Shanghai-based YTO Express, applied to the Civil Aviation Administration of China (CAAC) […]

An exceptional quarter for UPS

If you have been following the news from the express and e-commerce industries lately, you could be forgiven for thinking that the big US integrators are in serious trouble, trembling at the thought of Amazon not only pulling its business from UPS and FedEx, but also competing for their remaining business. Perhaps that will happen at […]
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