Agility sees another strong quarter for revenue, but airfreight falls

Kuwait-based logistics provider Agility reported a 3.2% year-over-year increase in its revenue for the second quarter alongside an 8.1% increase in profit for the quarter, despite an airfreight market afflicted by “volume declines and shifts that have resulted from U.S.-China tariffs and import restrictions,” the company said in a statement on the results. Across the […]
  • Caryn Livingston
  • August 14, 2019

Turkish Cargo posts 15.6% tonnage growth in first quarter

Turkish Cargo carried a total of 363,297 tonnes of cargo and mail during the first quarter of 2019, a year-over-year growth of 15.6%, according to traffic results released last week by Turkish Airlines. In particular, sold tonnage increased by 29.1% in the American market and by 15.4% in the Asian market. For the first three […]
  • Jeff Lee
  • May 28, 2019

Agility posts growth in Q1 revenue, airfreight tonnage

Kuwait-based Agility’s airfreight business grew across several trade lanes and sales channels in the first three months of 2019, resulting in a tonnage growth of 5.2% in the first quarter. As a whole, Agility posted a net profit of $66.8 million, 7.3% higher than in the first quarter of 2018. Earnings before interest taxes, depreciation […]
  • Jeff Lee
  • May 13, 2019

IAG Cargo revenues dip in Q1, despite rise in traffic

Like many carriers this year, U.K.-based IAG Cargo said its first-quarter 2019 revenues declined year-over-year, falling to €275 million during the period March 31 for a 2.5% loss, compared to Q1 of 2018, at a constant exchange rate. However, its cargo traffic increased by 2.6% to 1.39 billion cargo tonne kilometers (CTK), thanks to a […]
  • Randy Woods
  • May 13, 2019

Operating profits rise for DP-DHL Group’s Q1, but airfreight volumes drop

While Deutsche Post-DHL Group (DP-DHL) saw revenues and operating profits rise in the first quarter of 2019, compared with Q1 the year prior, the Global Forwarding, Freight (GFF), division reported airfreight volumes down by 3.9% for the period ending March 31, the fifth-straight quarter that saw volume reduction in the division. For the quarter, DP-DHL […]
  • Randy Woods
  • May 10, 2019

Air France-KLM reports ‘slowdown’ in Q1 cargo volume

Citing an economic slowdown, as well as “political uncertainties and trade disputes,” Air France-KLM said today that the resulting pressure on airfreight rates caused a 4% unit revenue drop in its first-quarter results. Due to the sluggish economy, airfreight tonnage was essentially flat, at 270,000 tonnes, for the three-month period ending March 31 “Several network […]
  • Randy Woods
  • May 3, 2019

WorldACD shows 3.1% decline in volumes for March

Following the deep declines in air cargo volumes at the start of the year, March volumes rose by 25% compared to February, but it was not enough to avoid a 3.1% overall drop in first-quarter volumes, compared to the previous year, reported market analysis firm WorldACD. A total of 23 of the 36 geographical markets […]
  • Randy Woods
  • May 2, 2019

C.H. Robinson reveals mixed Q1 results on lower air income, volume

Reflecting an uncertain market for air cargo and forwarding activities, U.S.-based forwarder C.H. Robinson Worldwide released first-quarter results with some strong revenue figures, along with some lackluster activity in its airfreight sector. For the three-month period ended March 31, C.H. Robinson reported an 8.4% rise in net revenues to US$678.8 million, compared to the same […]
  • Randy Woods
  • May 2, 2019

DSV sees Q1 profits rise, expects Panalpina deal to close in Q3

Danish forwarding giant DSV, which announced earlier this month that it was purchasing Swiss rival Panalpina, released its first-quarter results today, reporting a 5% growth in airfreight volumes, compared to the previous Q1, reaching 170,000 tonnes, due mostly to a rise in exports to the Americas during the quarter. Gross profit in the air segment […]
  • Randy Woods
  • April 30, 2019

CEVA begins new era under CMA CGM with Q1 drop in air volume

Following yesterday’s annual general meeting, CEVA reported its first-quarter results today, showing a 6.9% drop on air cargo volumes, compared to the previous first quarter, plus several corporate structure changes as French seafreight firm CMA CGM begins its governance over the Swiss 3PL. For Q1 of 2019, CEVA said the dip in the air segment […]
  • Randy Woods
  • April 30, 2019

K+N air volumes shrink, but net earnings rise in Q1

Reflecting the general downturn of the airfreight market, first-quarter results from Kuehne + Nagel showed a 3.1% drop in air cargo volume to 409,000 tonnes, despite a 7.3% rise in gross profit and a modest  2.5% increase in earnings before interest and taxes (EBIT). Describing the market as “declining,” K+N said the air unit “developed […]
  • Randy Woods
  • April 25, 2019

CEVA reduces debt, confirms drop in net earnings for Q4

Earlier this month, when Swiss 3PL CEVA Logistics released its preliminary results for 2018, it touted its reduction in debt and its potential growth prospects for 2019. Today, as it released its official fourth-quarter and full-year performance figures, CEVA official retained their optimism, but, like several other logistics firms, reported double-digit losses on fourth-quarter earnings […]
  • Randy Woods
  • February 27, 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

C.H. Robinson’s Q4 profits rise, but perishables disappoint

C.H. Robinson, one of the largest North American freight companies, today reported strong growth in the fourth quarter of 2018 and the full year, but delivered disappointing results in its perishables segment. Overall revenue increased 4.5 percent, to US$4.1 billion in Q4, while net revenues rose 13 percent to $713.8 million, compared to the previous […]
  • Randy Woods
  • January 30, 2019
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