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

How will FedEx beat back Amazon’s challenge? Here’s a hint

FedEx yesterday offered a glimpse at how the express company will fend off competition from Amazon, which continues to develop its own Amazon Air dedicated air network. The secret: infrastructure. David Cunningham, president and CEO of FedEx’s express business, said during a presentation before the Wings Club in New York yesterday that FedEx’s infrastructure gives […]
  • JJ Hornblass
  • September 14, 2018

West Atlantic to operate 737-400Fs for FedEx

Sweden-based West Atlantic Group, parent of West Atlantic, a European cargo airline specializing in mail and express logistics announced in March 2018 that its four forthcoming 737-800BCFS would operate “on behalf of an express logistics provider in its current EU-network,” with the last aircraft entering into service in the first quarter of 2019. Yesterday, concurrently with […]
  • Charles Kauffman
  • August 31, 2018

Freighter aircraft transactions through mid-August

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]
  • Caryn Livingston
  • August 15, 2018

The world’s top 50 cargo carriers of 2017

Last year when we analyzed the top 50 cargo carriers of 2016, we noted FedEx’s runaway cargo traffic growth through its acquisition of TNT, which further drove a wedge between FedEx and the number two contender for highest total cargo traffic, Emirates. However, a year can make quite a difference, and what an eventful year […]
  • Caryn Livingston
  • August 9, 2018

Freighter aircraft transactions through the end of July

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]
  • Caryn Livingston
  • July 30, 2018

Freighter aircraft transactions from mid-June through mid-July

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]
  • Caryn Livingston
  • July 11, 2018

BREAKING NEWS: West Atlantic’s 737-800BCF customer revealed

West Atlantic‘s customer for the first of four 737-800BCFs on firm order with GECAS is a mystery no longer: it is none other than FedEx, Cargo Facts has confirmed. On 30 June, a West Atlantic Airlines 737-800BCF (32740) touched down at Liege Airport (LGG). Back in March, we reported that West Atlantic had found a […]
  • Charles Kauffman
  • July 3, 2018

More freighters for FedEx and a solid 4QFY18

  Yesterday, along with the release of FedEx’s Q4FY18 financial results, Boeing and FedEx jointly announced an order for twelve 767Fs, and twelve 777Fs in a deal valued at $6.6 billion at list prices. Although the 767Fs represent are a completely new, previously unannounced order, FedEx has long stated in its Stat Book that it […]
  • Charles Kauffman
  • June 20, 2018

Freighter aircraft transactions through mid-June

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]
  • Caryn Livingston
  • June 19, 2018
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