LATAM reports improving cargo business, but still suffers Q2 net loss

Cargo operations continued to be a bright spot for the LATAM Airlines Group, which reported second-quarter cargo-related revenues of just under US$300 million, due to a 3.6 percent increase in cargo revenues and a 6.7 percent rise in yields. However, it was not enough to counteract to the 86.6 percent, year-over-year, decline in Q2 operating […]
  • Randy Woods
  • August 22, 2018

Expeditors reports Q2 growth in airfreight sector

Seattle-based freight forwarder Expeditors International of Washington today reported a stong performance in its airfreight services in its the second quarter of 2018, but said oceanfreight struggled due to pricing issues. “We continued to add profitable growth from new and existing customers during the quarter, particularly in air and some of our differentiated, best-in-class services, such […]
  • Randy Woods
  • August 7, 2018

DP-DHL Group reports troubles in Post-eCommerce-Parcel sector in second quarter

While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5 percent in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2 percent, y-o-y, to €747 million. The Group’s […]
  • Randy Woods
  • August 7, 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

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

CEVA releases positive Q1 figures, outlines post-IPO strategy

Less than a month after its initial public offering (IPO) on the Swiss stock exchanges raised about US$1.2 billion for the Dutch logistics firm, CEVA released generally positive figures for the first quarter of 2018, and provided some more details about its partial purchase of French shipping company CMA CGM. Adjusted earnings before interest, taxes, […]
  • Randy Woods
  • May 15, 2018

DP-DHL posts mixed results for Q1 2018

As the first quarter of 2018 wraps up, Deutsche Post-DHL Group reported mixed results over the three-month period, reporting a net-profit drop of 6.2 percent, year-over-year, but an increase in operating profit (EBIT) by 2.3 percent to €905 million. DP-DHL also reported trouble in both the Supply Chain and Post-eCommerce-Parcel (PeP) divisions, but also noted […]
  • Randy Woods
  • May 9, 2018

K+N flies high as first-quarter airfreight volume surges

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported first-quarter 2018 net income up 11.5 percent, year-over-year, to US$191 million, as gross profit (what some forwarders call net revenue) rose 11.8 percent to $1.92 billion. Operating income (earnings before interest and taxes, or EBIT) for the quarter was up 12.9 percent to $245 million. […]
  • David Harris
  • April 25, 2018

Trump’s tax cuts gave FedEx huge boost in Q3 net income

Benefiting greatly from the Tax Cuts and Jobs Act (TCJA) championed by President Trump and passed in the U.S. Congress last year, FedEx Corp. reported a whopping 269 percent rise in quarterly net income, worth more than US$2 billion, said the Memphis-based integrator as it released its third-quarter figures for the 2017 fiscal year. The re-measurement of FedEx’s tax […]
  • Randy Woods
  • March 21, 2018

Late 2017 surge helps lift traffic figures for Air France-KLM

Air France-KLM (AF-KLM) can breathe a sigh of relief, thanks to a long-awaited turnaround in the carrier’s freight traffic, which increased 3.3 percent, year-over-year, in the fourth quarter of 2017 – a modest increase by industry standards, but a significant shift for the company after years of declining traffic volume. While the carrier’s 3.3 percent, […]
  • Nina Chamlou
  • February 16, 2018

UPS to reinvest tax cuts, buy more freighters with multi-billion-dollar plan

There’s a slew of major, but closely related, news stories coming out of UPS’ Atlanta headquarters today – and, for the most part, it’s coming up roses for the global integrator, starting with last December’s tax cut legislation, which translated into strong overall and division revenues in the fourth quarter. But UPS’s decision to reinvest […]
  • Lewis King
  • February 1, 2018

From good to better: Expeditors on the rebound in Q3

After spending years as the forwarder with most enviable quarterly reports, boasting margins that often topped 30 percent, Expeditors has seen some tougher sledding in recent months. While air and ocean volumes continued to rise, Seattle-based Expeditors endured a 6 percent decline in net income last year, compared to 2015, and margins that were merely good, […]
  • Randy Woods
  • November 9, 2017

AF-KLM says third-quarter cargo gains are evidence of ‘cargo turnaround’

Air France-KLM’s self-described “cargo turnaround” seems to have finally pushed the carrier’s third-quarter results back into the black, with total cargo revenues up 1.2 percent to €493 million. Across a longer timeline however, year-to-date cargo statistics at the carrier still indicate an airline that has struggled to match the recovery rates of its regional counterparts, […]
  • Lewis King
  • November 6, 2017
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