The world’s top 50 cargo carriers

A year ago, when we looked at the top cargo carriers of 2015, we focused on Emirates’ rapid rise from nowhere to become a powerhouse that dominated the international air freight market. But Emirates does not carry domestic cargo, and FedEx, as it had done for many years, combined its massive US domestic traffic with […]
  • David Harris
  • August 8, 2017

A record quarter for FedEx — plus mattresses and gym equipment, too!

FedEx reported revenue up 21.2% y-o-y in its fiscal fourth quarter (ended 31 May) to a record $15.73 billion. Net income for the quarter was $1.02 billion, up from a net loss of $68 million in 4QFY16, and operating income for the quarter was $1.58 billion (compared to a $70 million loss). As usual, though, […]
  • David Harris
  • June 23, 2017

The technology of airfreight

Most of us have come across a colleague or friend bemoaning the air freight industry’s inability to “innovate” or “modernize”. If you have not, try bringing up electronic air waybill penetration during your next cocktail party – after more than a decade of pushing carriers to go paperless, adoption is still hovering 50%. But, jokes […]
  • Charles Kauffman
  • June 16, 2017

E-commerce drives express fleet expansion — Part II

Today, in Part II of our annual analysis of the worldwide express fleet, we look at changes to the fleets of two of the three biggest players – FedEx and UPS. We start with TNT, which was acquired by FedEx last year. (You can read Part I here.) As part of FedEx’s acquisition of TNT Express, Ireland-based […]
  • David Harris
  • April 13, 2017

E-commerce drives expansion of express fleets worldwide

Today we begin a three-part analysis of the jet freighter fleets of express companies worldwide. We start with some background, and then a look some of the smaller (and perhaps more interesting) companies. Tomorrow and the day after, we’ll look at the big boys, and conclude with a look into the future. At the end of […]
  • David Harris
  • April 12, 2017

UPS goes for 767 conversions

As I write this in Seattle this morning, a 767-300ER, in Japan Airlines livery, is passing overhead, en route from Tokyo (HND) to Goodyear (GYR) in the US. However, while the livery might make you think this is a JAL aircraft, the registration tells a different story. Until last month, the aircraft (33494) was registered […]
  • David Harris
  • April 6, 2017

FedEx: “Forget Q3”

FedEx reported net income in its fiscal third quarter up 10.8% to $562 million, as revenue rose 18.5% to $15.00 billion. Reported operating income was also up strongly (18.6%) to $1.03 billion. Great results, right? Well, yes, and no. Because, as has become almost usual with financial reports in our industry, the picture changes dramatically […]
  • David Harris
  • March 22, 2017

New faces in high places

This week brings three big executive suite changes, two directly in the air freight world (including David Bronczek’s promotion to President of FedEx Corp), and one very close to it. We’ll start with the latter: Etihad Airways: Abu Dhabi-based Etihad Airways confirmed today that, as part of a major shake-up, James Hogan will step down […]
  • David Harris
  • January 24, 2017
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