Cargolux reports record high net profits in ’18, fleet to expand

In spite of what it called “slower economic growth in the second half of the year,” all-cargo carrier Cargolux reported US$211.2 million after-tax consolidated net profit in 2018, which was a new record for the Luxembourg-based carrier. The higher net profit represented a 73% increase from the previous year’s net income of $122.3 million, even […]
  • Randy Woods
  • April 24, 2019

Increased forwarding volumes, oil prices helped Bolloré see growth in 2018

French logistics conglomerate Bolloré continued to grow through the end 2018, due mostly to a 9 percent increase in its Transportation and Logistics (T&L) division. Sea- and airfreight volumes both rose in 2018, especially in Bolloré’s African operations, and also in its oil-and-gas logistics activities, which grew in revenues by 25 percent, “thanks to higher […]
  • Randy Woods
  • March 20, 2019

Pilot Freight sets record for revenues in 2018

U.S.-based Pilot Freight Services took in a record-high US$800 million in revenue for 2018, an increase of 24.8 percent over the previous year, which the logistics firm attributed to a “broadened selection of e-commerce products” and an “expansion of global capabilities.” The chief event of the year for Pilot was the company was the July […]
  • Randy Woods
  • February 21, 2019

CEVA’s preliminary results for 2018 point to future growth, reduced debt

Calling 2018 a year rocked by “structural changes” and activity to deleverage debt, CEVA Logistics AG released preliminary results on Monday for the year ended Dec. 31, 2018, suggesting that revenues grew during the year, albeit not quite as strongly as the revenues from the previous year. CEVA’s full 2018 results are not expected to […]
  • Randy Woods
  • February 5, 2019

Emirates SkyCargo reports 4 percent increase in 2018 traffic

Logistics companies and carriers are beginning to release their end-of-the-year results – one of the first being Dubai-based Emirates SkyCargo, which moved 2.6 million tonnes of cargo during the year, a 4 percent increase over the 2.5 million tonnes it moved in 2017. One reason for the increase could be the expansion of its global network, […]
  • Nina Chamlou
  • January 9, 2019

Asia-Pacific carriers experience robust cargo growth, higher yields, in 2017

With major manufacturing economies in the Asia-Pacific region benefitting from increased trade activity, the area' airlines reported a robust 9.6 percent jump in international air cargo traffic as measured in freight tonne kilometers (FTK) for the year, according to preliminary aggregated financial performance figures released over the weekend by the Association of Asia Pacific Airlines […]
  • Randy Woods
  • May 14, 2018

Q4 upswing fails to offset AA Cargo’s revenue drop as Torno set to retire

A slight, 1.3 percent uptick in fourth quarter revenues was insufficient to offset a dismal 2016 at American Airlines Cargo, which announced a full-year decrease of 7.9 percent in revenues, to US$700 million. Soon after, American also announced that Art Torno, senior vice president for international and cargo, will retire this April, after 38 years […]
  • Lewis King
  • January 30, 2017