FedEx anticipates record-breaking peak season, warns of trade tensions

During FedEx’s FY Q1 2019 earnings call yesterday, CEO Fred Smith said the company is anticipating record-breaking volume during this year’s peak season. The positive news follows the company’s announcement last week that it will expand its U.S. ground operations to six days a week in response increased demand for e-commerce – this, despite current […]
  • Nina Chamlou
  • September 18, 2018

Kerry Logistics’ profits grow by double digits in H1 2018

Today, Hong-Kong based 3PL Kerry Logistics released its H1 2018 interim results, which show a 22 percent year-over-year increase in core net profit to about US$89 million. “Although the world economy experienced growth in H1 2018, global demand has been flat,” said William Ma, group managing director of Kerry Logistics. “Nevertheless, the China-U.S. trade dispute […]
  • Nina Chamlou
  • August 30, 2018

IATA reports only 2.1% air freight traffic growth for July

Today, IATA released its July report on demand for air freight capacity, which shows a slow-down in year-over-year growth, the slowest pace of growth seen since May 2016, despite members throughout the supply chain showing decent growth during the month. Deputy editor Caryn Livingston investigated for our sister publication, Cargo Facts. Follow the link below to read […]
  • Nina Chamlou
  • August 29, 2018

Air Charter Service increases cargo flights in first half of 2018

United Kingdom-based charter broker Air Charter Service (ACS) has released its 2018 interim results, which show a 21 percent increase in scheduled cargo flights compared to the first six months of 2017. Also, revenue over the same period increased by 23 percent to US$312 million. “Compare this to IATA’s half year figures, which show that […]
  • Nina Chamlou
  • August 15, 2018

Ethiopian Airlines shows cargo volume growth in Q2

Ethiopian Airlines has released its results for the period ended on June 30, which shows an 18 percent increase in cargo volume to 400,339 tonnes and a 26 percent increase in net profit to about US$ 245.6 million compared to the same period last year. The airline has added eight new destinations to its network […]
  • Nina Chamlou
  • August 15, 2018

American Airlines has record-breaking Q2, but proceeds with caution

The cargo arm of the traditionally passenger-focused American Airlines increased its second quarter freight volume by 10 percent to 158,757 tonnes compared to the same period last year, according to its recent quarterly statement. The airline said this marks its best June performance in more than 10 years, standing out among many carriers that saw […]
  • Nina Chamlou
  • August 9, 2018

IATA reports flattening global demand for airfreight

The International Air Transport Association (IATA) reported a global growth in demand for airfreight measured in freight tonne kilometers (FTKs) of 2.7 percent during June – less than half the rate experienced during the same period last year. Capacity was reported to have grown by 4.1 percent, marking the fourth consecutive month that growth in […]
  • Nina Chamlou
  • August 8, 2018

Agility Logistics reports Q2 growth in net income, airfreight volume

Kuwait-based Agility Logistics has released its Q2 2018 financial results, which show a 20 percent increase in net profit and a 14 percent increase in volume, year-over-year, in its airfreight segment for the three-month period ended in June 30, 2018. Its freight forwarding and contract logistics segments were the two major drivers of revenue within […]
  • Nina Chamlou
  • August 7, 2018

IAG Cargo Q2 financial results show marginal growth

United Kingdom-based IAG Cargo today, released its financial results for Q2 2018, cargo revenue increased 3.7 percent to €281 million during the three-month period. Revenue growth outpaced cargo volume growth, increasing 0.4 percent year-over-year in Q2, to 1,414 tonnes – symptomatic of the carrier’s strength in 2017, which has made for more difficult annual comparisons […]
  • Nina Chamlou
  • August 3, 2018

K+N partners with Panatlantic to expand reach into Latin perishables market

Yesterday, Swiss forwarder Kuehne + Nagel (K+N) said it is partnering with Quito-based logistics services company Panatlantic Logistics S.A. in a move that will further expand the company’s South American cool chain network and underpin its global expansion strategy. At present, K+N manages the transportation of perishables for clients operating out of Colombia, Peru, Brazil […]
  • Nina Chamlou
  • August 3, 2018

Schiphol: Belly volume up, freighter volume down

The saga continues for Amsterdam Schiphol Airport (AMS) – traditionally, one of Europe’s most popular cargo hubs – following news that its Q1 2018 declines in cargo volumes have continued through Q2, due to a continued slot shortage issue for freighters. While the airport has seen volume in carrier’s belly cargo increase, it said “slot restrictions […]
  • Nina Chamlou
  • August 2, 2018

XPO Logistics reports 178 percent increase in net income in Q2

Today, XPO Logistics hosted its interim earnings call for the three months ended June 30 – reporting an overall net income increase of 178 percent to US$159 million, compared to the same period last year. The company said second-quarter growth was led by continued “demand for e-commerce logistics globally, as well as by the consumer-packaged […]
  • Nina Chamlou
  • August 2, 2018

DSV continues solid air cargo growth into 2018

Denmark-based transport and logistics company DSV released its second-quarter financial results for 2018, which show it has sustained continued strong growth following a record-breaking 2017 year. The company experienced varied growth in each of its segments during Q2. Looking specifically at airfreight within the Air & Sea division, gross profit grew 16 percent (including exchange […]
  • Nina Chamlou
  • August 1, 2018

Lufthansa reports robust growth in Q2 financial report

Yesterday, Germany-based Lufthansa reported solid results for its logistics division for 1H 2018, with earnings before interest and taxes (EBIT) up 48 percent year-over-year to €125 million, from €84 million on revenues that were up 12.3 percent to €1.3 billion. The carrier’s traffic rose only slightly in the first six months of 2018, with reported […]
  • Nina Chamlou
  • August 1, 2018
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