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 […]

Trade is what will keep America Great

As everyone involved in the air freight industry knows, calls for protectionism were a major feature of the US election. Donald Trump, the eventual winner, based his entire campaign on the slogan “Make America Great Again”. How would he do that? It often seemed that his plan to make America great was based entirely on cutting the […]

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 […]

Air Cargo Executives of the Year

Every December, our sister publication Air Cargo World singles out an individual who has had a major impact on the air freight industry during the previous year, and features him as the “Air Cargo Executive of the Year.” In 2015, however, Air Cargo World decided that the award should go not to one person, but […]

FedEx reaps the rewards of cost management

A huge jump in profitability, despite a relatively modest gain in revenue, indicates FedEx’s cost-management program is bearing fruit. FedEx reported net income up 53.4% y-o-y in its fiscal third quarter (ended 28 February) to US$580 million, as revenue rose 3.7% to $11.72 billion. Operating income for the quarter was up 50.1% to $962 million. […]

Two logistics acquisitions for FedEx

Bongo and Genco may sound like the name of a circus act, but in fact Genco is a US-based 3PL specializing in reverse logistics, while Bongo International, also US-based, specializes in cross-border e-commerce technology and solutions. Both were recently acquired by FedEx. Of the big three integrators, FedEx has historically been the least involved in […]
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