UPS 2Q: Revenue down, profit way up

UPS reported second-quarter net income up over 170% y-o-y to $1.23 billion, as total revenue declined 1.2% to $14.09 billion. Reported operating income for the quarter was up over 160% to $1.96 billion. Of course, the huge gains in reported operating income and net income shrink substantially when adjusted for a major one-time charge taken […]
  • David Harris
  • July 29, 2015

IAG Cargo to drop surcharges

IAG Cargo is the latest major cargo carrier to move to an all-in pricing structure. When Emirates’ move to an all-in-one pricing structure for cargo at the beginning of the year was quickly followed by Qatar Airways, the obvious question was: “Will more carriers follow?” Which, of course, carried the subtext of “Can other carriers afford not to […]
  • David Harris
  • February 11, 2015

Emirates Skycargo moves to all-in pricing

Skycargo, the cargo arm of Dubai-based Emirates, is reportedly in the process of introducing a new, all-in pricing structure that would eliminate the present setup of a base rate plus surcharges for fuel and security, according to a report in Cargoforwarder Global. The new pricing is said to also, occasionally, eliminate other criteria such as […]
  • David Harris
  • January 6, 2015