FedEx reports substantial 4Q loss from economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]

Cargo growth continues in May results

May data arriving from the world’s big cargo carriers, airports, and handlers show that, with a couple of exceptions, growth in airfreight traffic has remained surprisingly strong despite increasingly tough year-over-year comparisons. While a couple of European outfits (Frankfurt Airport and Air France-KLM, in particular) posted y-o-y declines for the month, Asian operators that have […]
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