Winners and losers of a US exit from the Universal Postal Union

Yesterday, the Department of State motioned to drop out of the Universal Postal Union (UPU) in an attempt to mitigate the subsidization of small parcel shipments coming into the United States from abroad – notably from China. Whether the move will put a damper on flows of international airmail moving through the US, and the […]

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 […]

Air cargo volume growth flattens in June

When Netherlands-based WorldACD reported air cargo performance results for May, the outlook for continued cargo growth was in question, summarized as “Is the party really over?” With yesterday’s release of June results from WorldACD, the answer seems to suggest that although the party isn’t truly winding down, it is certainly on hiatus for the summer. […]

US tariffs on Chinese goods signal trade war has arrived

Today, the United States government followed through on earlier threats from US President Donald Trump by imposing a 25% tariff on about $50 billion worth of Chinese imports containing “industrially significant technologies,” which the Office of the United States Trade Representative (USTR) said are related to China’s “theft of our intellectual property.” For its part, […]

Is a Trade War Coming, or is it Already Here?

Last week, President Trump allowed the exemptions on tariffs on US imports of steel and aluminum to lapse. What does this have to do with air cargo? First of all, after agriculture, one of the most likely targets of retaliation by other countries will be the US aerospace industry. In a one-two punch, Boeing would […]

The wild card in the air freight game

Two weeks ago, when we analyzed the February results from some of the world’s big cargo carriers, we concluded that, once full worldwide data were available, we would see a fall-off in demand growth from January to February, and that the combined two-month growth would be below the double-digit percentages we saw last year, but […]
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