21 Air to begin US-Mexico cargo ops

After receiving approval from the United States Department of Transportation, North Carolina-based cargo carrier 21 Air plans to begin scheduled cargo operations between the U.S. and Mexico. The carrier operates two 767 freighters and “looks forward to entering into a long-term ACMI contract with a multi-billion airline group and a global player,” the carrier said […]
  • Caryn Livingston
  • August 9, 2019

Atlas Air chief Flynn retires, with Dietrich to take the helm in 2020 

President and Chief Executive Officer William Flynn at Atlas Air Worldwide Holdings will step back to chairman of the board at the end of this year, Atlas announced today. The current EVP and Chief Operating Officer at Atlas, John Dietrich, is set to take Flynn’s place as president effective immediately. He’ll also take over as CEO when Flynn […]
  • Brianne Ledda
  • July 2, 2019

FedEx reports solid fourth quarter results

Yesterday, in addition to the announcement that FedEx ordered for twelve 767Fs, and twelve 777Fs in a deal valued at US$6.6 billion, the express giant reported revenue up 10.1 percent, y-o-y, in its fiscal fourth quarter (ended 31 May) to a record $17.31 billion. Net income for the quarter was $1.13 billion, up 10.5 percent from […]
  • Randy Woods
  • June 20, 2018

FedEx releases strong 2016 numbers, adds to its 767 fleet

FedEx has beaten analysts’ projections for fiscal year 2016, posting a 7.4 percent fourth-quarter rise in revenues to US$13 billion. The latest numbers round out the year’s revenue total to $50.4 billion, an increase of almost $3 billion over FY2015, and an adjusted net income of $3.02 billion, compared to the $2.57 billion figure from […]
  • Lewis King
  • June 22, 2016

Amazon gains right to own 19.9 percent of ATSG

Now that the long-rumored ATSG-Amazon deal for twenty 767 freighters is out in the open, it’s time to consider what affect this monumental announcement will have on the express business. In this article from sister publication Cargo Facts, editor David Harris looks at the ramifications of the warrants for Amazon to acquire nearly 20 percent […]
  • David Harris
  • March 9, 2016