Expeditors continues to increase profits in 2018

Seattle-based forwarder and logistics services company Expeditors International released its 2018 results, which show that its high-margin profits we’ve come to expect in the last year continued to roll through the end of the year. Operating income increased 9 percent to US$217 million year-over-year for the fourth quarter, and 14 percent to $797 million for […]
  • Nina Chamlou
  • February 19, 2019

Possible M&A target Agility reports double-digit profit growth in 2018

Just days after Switzerland-based Panalpina made an offer to purchase Agility Logistics, the Kuwaiti forwarder released its end-of-the-year financial results for 2018, which show that it maintained impressive margins at both the full year and the quarterly level. Agility said on Friday that  it was considering Panalpina’s offer however, negotiations are still in the preliminary […]
  • Nina Chamlou
  • February 18, 2019

DSV reports double-digit increases in profits in 2018, above market averages

The DSV Group released its annual results for 2018 today, in which the Danish logistics giant reported an impressive growth rate in operating profit, or earnings before interest and taxes (EBIT), of about 12 percent during both the fourth quarter and the full year. EBIT for Q4 was about US$204 million and $829 million for […]
  • Nina Chamlou
  • February 7, 2019

IATA: 2018 results up 3.5 percent, despite dip in December

This week, IATA released its market analysis report for 2018, which shows that traffic volumes measured in freight tonne kilometers (FTKs) were 3.5 percent higher in 2018, year-over-year, but were 0.5 percent lower in December, compared to the same month in 2017, representing the slowest annual growth rate IATA has reported since early 2016. In […]
  • Nina Chamlou
  • February 6, 2019

UPS sees growth from e-commerce, life sciences as net income decreases

Today, in UPS’ earnings call for 2018 results, the company reported a 2 percent decline in total net income from about US$4.9 to $4.8 billion between 2017 and 2018. Looking specifically at the fourth quarter – not accounting for adjustments – net income decreased 59 percent from $1.1 billion to $453 million, year-over-year. However, adjusted […]
  • Nina Chamlou
  • January 31, 2019

AAPA: volume grew 4 percent in 2018, but flattened at year end

The Association of Asia Pacific Airlines (AAPA) released its end of the year results, which show that between 2017 and 2018, member airlines’ cargo volumes increased by 4 percent. However, any year-over-year growth in 2018 wasn’t thanks to the fourth quarter, which is normally peak season for air cargo demand. In December, traffic declined by […]
  • Nina Chamlou
  • January 28, 2019

Alaska Air Cargo’s 2018 results show cargo revenue up, Group net income down

Alaska Air Group released its 2018 results, which show that net income fell from 2017 to 2018, but cargo capacity and revenue is on the rise. While the airline has been adjusting to its merger with Virgin America and endured some temporary associated costs, it has proven that it is strengthening its foothold in airfreight. […]
  • Nina Chamlou
  • January 25, 2019

American Airlines’ 2018 profits down, but record cargo volume made

American Airlines released its 2018 results in which net profit decreased, but its cargo volume broke a new record of 90,700 tonnes. It also increased its cargo ton miles (TCMs) from 2,788 to 2,908 million – a 4 percent increase year-over-year. The carrier had some major hurdles to overcome during the year, including the impact […]
  • Nina Chamlou
  • January 24, 2019

ABC reports 2 percent volume growth in 2018

Russia-based Volga-Dnepr Group’s all-cargo carrier, AirBridgeCargo Airlines (ABC) reported 2018 cargo volumes up two percent year-over-year, to just over 700,000 tonnes. Despite the lackluster growth overall,  AirBridgeCargo said higher-value specialty cargo volumes grew 25 percent y-o-y. While the marginal increase sounds slight compared to AirBridgeCargo’s double-digit growth rates of recent years, the figure isn’t far […]
  • Nina Chamlou
  • January 15, 2019

The top 10 most-read Air Cargo World articles in 2018

With 2019 just a few days away, we at Air Cargo World would like to pause to reflect on this mostly positive but tumultuous year in air cargo – a year of airfreight traffic booms, labor concerns and a strong peak season, tempered by the chill winds of global protectionism and looming Brexit worries for […]
  • Randy Woods
  • December 28, 2018

Airfreight demand growth slowdown ahead, says IATA

Growth in demand for airfreight will reach its slowest pace since 2016 next year, according to a new report from the International Air Transport Association (IATA). The organization forecasts a 3.7 percent annual increase to 65.9 million tonnes in 2019, compared to the 4.1 percent increase it forecasted for 2018. A pattern of slower growth […]
  • Nina Chamlou
  • December 13, 2018

IATA’s Oct. results for cargo demand show slim international growth

International demand for airfreight for the month of October grew at a relatively weak rate of 3.1 percent, measured in freight tonne kilometers (FTKs), compared to the previous October, according to the International Air Transport Association (IATA). The figure is a slight improvement following September, when the organization reported a 29-month low of 2.5 percent […]
  • Nina Chamlou
  • December 6, 2018

CEVA Logistics acquires CMA CGM Log in new strategic plan

While CEVA Logistics will continue to handle airfreight, the global company made a strong commitment to the seafreight sector in its revised plan for 2021, which details its new strategy. The new plan followed the release of its third quarter 2018 results two weeks ago, which showed drastic year-over-year decreases in the company’s operating income. […]
  • Nina Chamlou
  • November 26, 2018

CEVA Logistics sinks further into red in Q3

CEVA Logistics’ most recent financial results show that the company’s struggle to break out of a pattern of net losses has continued in its third quarter of 2018. Its year-over-year operating income recessed 250 percent from a positive US$22 million to a $14 million loss over the three-month period and its profit/loss figure, which includes […]
  • Nina Chamlou
  • November 13, 2018
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