David Harris

Expeditors goes from strength to strength

US-based forwarder and logistics services provider Expeditors International continues to set the bar for performance in the forwarding business, reporting first-quarter 2018 net income up 45.5 percent year-over-year to $137 million as net revenue rose 20.5 percent to $637 million. Operating income for the quarter was up 32.0 percent to $193 million. All three of […]

Volume growth at Pactl raises expectations

Over the past decade, Shanghai Pudong International Airport (PVG) has grown in importance in the air freight universe to the point that it is now the second busiest airport in the world for international cargo, behind only Hong Kong (HKG), and the third busiest for total cargo, lagging only Hong Kong and Memphis (MEM). Pactl, […]

K+N flies high as first-quarter airfreight volume surges

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported first-quarter 2018 net income up 11.5 percent, year-over-year, to US$191 million, as gross profit (what some forwarders call net revenue) rose 11.8 percent to $1.92 billion. Operating income (earnings before interest and taxes, or EBIT) for the quarter was up 12.9 percent to $245 million. […]

LATAM Cargo expands European freighter service

LATAM Cargo rearranged and increased its main-deck cargo services between Western Europe and South America, to accommodate growth in air freight demand, particularly in pharmaceuticals, as well as “the need to provide alternatives to avoid the rising congestion levels at European airports.” The carrier now offers five weekly 767-300F frequencies from Europe to South America, […]

Exclusive report on Precision’s latest narrowbody conversion

In an exclusive interview with Precision Aircraft Solutions’ vice president of sales and marketing, Brian McCarthy, our sister publication, Cargo Facts, chose today’s All Hallows Eve to reveal Precision’s latest move in the narrowbody freighter conversion market. “All those other conversion houses are so boring,” McCarthy said. “All they can think of is the same […]

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

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 financial reports in our industry, the […]

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

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, and mean very little on […]

E-commerce challenges and opportunities in UPS’ fourth quarter

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 and e-commerce carriers.

What is eWTP, and why you should care

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” – a sort of World […]

Air freight demand continues to grow in November

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 neither Cathay Pacific nor Hong Kong […]

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

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 in Airlink’s “Year-End Giving Challenge.”

Strong demand growth in October, and an even stronger peak

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

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 of the new all-cargo carrier, a […]

FedEx, Museum of Flight celebrate 100 years of air cargo [VIDEO]

With $1.5 million funding from FedEx, Seattle’s Museum of Flight this year opened what it calls “the world’s first air cargo exhibit.” In 2015, the museum approached FedEx Express about constructing an exhibit chronicling the air cargo story, and FedEx agreed. It took over a year (and the deconstruction of a 727 freighter) to put the […]
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