Articles by: David Harris

FedEx CFO: ‘If I were you guys, I would forget Q3’

FedEx CFO: ‘If I were you guys, I would forget Q3’

March 22, 2017 at 5:59 pm 0 comments

FedEx reported net income in its fiscal third quarter up 10.8 percent to US$562 million, as revenue rose 18.5 percent to $15 billion. Reported operating income was also up strongly (18.6 percent) to $1.03 billion. Great results, right? Well, yes, and no. Because, as has become almost usual with financialRead More

4Q revenue up, profit down, but ATSG sees blue skies ahead

4Q revenue up, profit down, but ATSG sees blue skies ahead

March 7, 2017 at 7:00 pm 0 comments

Air Transport Services Group reported fourth-quarter net income of US$1.5 million, down 89.6 percent from 4Q15, as revenue rose 22.1 percent to $222 million. Operating income (EBIT) for the quarter was down 19.6 percent to $18 million. But both the net income and operating income figures come with significant asterisks,Read More

E-commerce challenges and opportunities in UPS’ fourth quarter

E-commerce challenges and opportunities in UPS’ fourth quarter

January 31, 2017 at 6:59 pm 0 comments

Take your pick: UPS reported either a quarter-billion dollar net loss or a one-and-a-half-billion dollar net profit for the fourth quarter of 2016. David Harris, editor of our sister publication Cargo Facts, breaks down this morning’s conflicted and rather sour quarterly report from one of the world’s biggest integrators andRead More

What is eWTP, and why you should care

What is eWTP, and why you should care

January 4, 2017 at 6:51 pm 0 comments

Last year broke sales records for Tmall Global, Alibaba’s online platform that enables international brands to sell directly to Chinese consumers. But for Alibaba, this is just the start. In David Harris’ piece in our sister publication, Cargo Facts, he write about Alibaba’s vision of the “Electronic World Trade Platform”Read More

Air freight demand continues to grow in November

Air freight demand continues to grow in November

December 15, 2016 at 6:29 pm 0 comments

Many of the world’s major cargo carriers and airports have reported their November results, with gains appearing almost as strong as they were in October, it still looks like a very good month. Strikes at Lufthansa impacted not only the carrier, but also its main hub at Frankfurt (FRA), and neitherRead More

Some of the palleted relief supplies for Haiti gathered by Airlink and other NGOs.

Airlink offers ‘Year-End Giving Challenge’ for 2016 [VIDEO]

December 6, 2016 at 5:55 pm 0 comments

As regular readers of this website know, Cargo Facts and Air Cargo World are both long-time supporters of Airlink, the rapid-response humanitarian relief organization that links airlines with pre-qualified nonprofits. Today, as you begin your preparation for the holiday season, we encourage you, at either the individual or corporate level, to participate inRead More

Strong demand growth in October, and an even stronger peak

Strong demand growth in October, and an even stronger peak

December 2, 2016 at 6:34 pm 0 comments

Our sister publication, Cargo Facts, reports on the latest good news from Netherlands-based WorldACD, which reported a 6.2 percent rise, year-over-year, in air cargo demand for the month of October, plus other indicators that the peak season for 2016 will be a robust one for airfreight logistics companies.

A new all-cargo carrier in China, another to follow

A new all-cargo carrier in China, another to follow

November 9, 2016 at 6:44 pm 0 comments

The Civil Aviation Administration of China (CAAC) said it would grant an air operator’s certificate (AOC) to Guangzhou-based China Air Cargo Corporation, unless there was a credible objection by 18 November. In early December of last year, we reported that the CAAC had granted initial approval to the establishment ofRead More