Virgin Atlantic Cargo increased volumes in 2018

Today, U.K.-based Virgin Atlantic released its 2018 results, which show the airline’s cargo arm increased volume by about 6% to 244,000 tonnes, compared to the previous year, while revenue grew 13% to £222 million, year-over-year. The carrier’s volume growth percentage was above IATA’s market average of 3.5%. The carrier attributed its success to a 50% […]

Dachser grew all business segments except Air & Sea in 2018

Frankfurt-based international logistics provider Dachser released its 2018 results, which show the company managed to grow its business overall, compared to 2017, despite  its lagging Air & Sea segment. The company increased consolidated net revenue by 5.5% to US$6.58 billion. It also increased its shipment “numbers” by 2.5% and its tonnage by 3%, year-over-year. However, […]

Panalpina’s mediocre 2018 results reflect a challenging Q4 for air segment

A day after Kuehne + Nagel released its fourth-quarter and full-year figures for 2018, the “other” giant Swiss forwarder, Panalpina, did the same, underpinning a unifying theme that the last quarter of 2018 was a challenge for most of the international logistics community. Panalpina reported that its airfreight volumes grew by 5 percent, year-over-year, during […]

IAG Cargo reports cloudy 2018 results, continues cool-chain investments

United Kingdom-based IAG Cargo released its end-of-year results, which show it increased commercial revenue by about 7 percent to €1.2 million at constant currency in 2018, compared to 2017, but did not provide much information on its Q4 results or profit figures during the period. This doesn’t come as a surprise, as many industry members […]

Strong start to 2018 masks K+N’s weak Q4 results

Swiss forwarding giant Kuehne + Nagel just released its annual results, which show respectable growth in volume and profit looking at the year as whole, but a less fortunate story during the fourth quarter, in which airfreight volume declined 1.5 percent, year-over-year, to 441,000 tonnes and operating profit from airfreight stayed flat, at about US$19 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]
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