K+N releases positive 2018 figures in first-half statement

Today, Switzerland-based forwarding giant Kuehne + Nagel (K+N) released its first-half results for 2018, reporting an airfreight volume increase of 18 percent over 1H17 to 863,000 tonnes. Operating profit (EBIT) in the Airfreight segment increased 20 percent in the half to US$182 million. Looking at the quarterly level, tonnage volume for Q1 increased by 21 […]
  • Nina Chamlou
  • July 19, 2018

Panalpina releases positive first-half 2018 results

Swiss forwarder Panalpina reported a first-half net profit of US$36.1 million, up 20.1 percent over 1H17. Gross profit (what some forwarders call net revenue) was up 10.6 percent for the half to $744.4 million, while operating profit (EBIT) jumped 30.2 percent to $54.7 million. This strong performance comes after a long period during which Panalpina […]
  • Nina Chamlou
  • July 17, 2018

Antonov reports 42 percent growth in 2018 YTD, plans to modernize fleet

Ukrainian outsize-cargo carrier Antonov Airlines reported an overall increase in revenue of 81 percent for the airline in 2017, and a 42 percent rise in revenue for the period of January to May of this year, compared to the first five months of 2017. Antonov attributed the influx in revenue to higher demand in the […]
  • Nina Chamlou
  • July 16, 2018

IATA: Demand growth slows in May, as protectionist policies loom

May reports from the International Air Transport Association (IATA) and WorldACD show that the 2017 heyday of double-digit growth rates in the global air freight market are officially returning to normal levels. The organization said freight tonne kilometers (FTKs) increased by a moderate 4.2 percent, year-over-year, for the month of May. The figure is an […]
  • Nina Chamlou
  • July 6, 2018

AAPA reports slowing growth in April

The Association of Asia Pacific Airlines (AAPA)’s most recent traffic results show volume growth among member carriers – a 5.8 percent increase, year-over-year, in freight tonne kilometers (FTKs) moved by member carriers in April – but AAPA also notes that the rate at which traffic is growing is losing steam. While the results are still […]
  • Nina Chamlou
  • May 29, 2018

Cathay Pacific reports 7.9 percent increase in cargo traffic in April

Today, Cathay Pacific Group released its April 2018 traffic figures, showing a substantial increase of 7.9 percent in revenue tonne kilometers (RTKs), year-over-year. The month prior, in March, the group’s carriers experienced a decent, if more modest, figure of 4.9 percent year-over-year – an increase that may suggest that carriers can expect to ride out […]
  • Nina Chamlou
  • May 22, 2018

XPO Logistics continues growth in Q1 2018

The e-commerce boom, paired with a blockbuster intermodal contract, led XPO Logistics to release robust financial results for the first quarter of 2018. However, the fact that profits for the previous Q1 were modest, by comparison, also helped. Bradley Jacobs, chairman and CEO of XPO Logistics, said that e-commerce growth translated into strong last-mile and […]
  • Nina Chamlou
  • May 3, 2018

Lufthansa Group leads European carriers in Q1 traffic growth

The Lufthansa Group released solid results for the first quarter of 2018, reporting cargo traffic up 4.9 percent year-over-year to 2.14 billion revenue tonne kilometers. This is down from last year’s first-quarter growth of 6.3 percent, but very much in line with worldwide trends, and a much better result than its big European competitors Air-France-KLM […]
  • Nina Chamlou
  • April 27, 2018

Panalpina reports increased airfreight volume, continued slump in ocean freight sector

Switzerland-based forwarder Panalpina released its financial results for the first quarter of the year, reporting increases in overall profitability, with earnings before interest and taxes (EBIT) up in its Air Freight and Contract Logistics divisions, but down in its weakening Ocean Freight division. Overall EBIT came in at US$25 million, a 49 percent increase year-over-year […]
  • Nina Chamlou
  • April 19, 2018

Agility sets bullish logistics outlook for 2018

Kuwait-based 3PL Agility has published its “2018 Emerging Markets Logistics Index,” a sweeping overview that actually takes into consideration markets that are technically past the “emerging” designation, to provide a logistics outlook for the global economy. The report’s airfreight coverage confirms growth where most observers expected it to be, but also delivers a few surprises, […]
  • Lewis King
  • January 24, 2018

Logistics Reinvented: 3 air cargo executives to watch in 2018

At times like these, with air cargo demand flying high and e-commerce growing with no end in sight, it might be tempting for some logistics companies to ease up on the gas and enjoy coasting while the momentum is strong. Not so for the three air cargo executives profiled here. Though they vary widely in […]
  • Staff Reports
  • December 6, 2017