Expeditors reports record net income for Q3

U.S.-based forwarder and logistics services provider, Expeditors International, reported record-high third-quarter profitability, including the highest quarterly net revenue and operating income in its history. During Q3 for 2018, net income was up 35.2 percent, year-over-year, to US$163 million, while net revenue increased 10.4 percent to $661 million. Operating income for the quarter was up 8.7 percent to […]
  • Randy Woods
  • November 8, 2018

More troubles from PeP dampen Q3 gains for Deutsche Post-DHL

In the third-quarter report released yesterday by Deutsche Post-DHL (DP-DHL), the group presented significant rises in its operating profits, or earnings before interested and taxes (EBIT), for its Express, Global Forwarding and Freight, and Supply Chain segments. However, lackluster numbers from Post-eCommerce-Parcel (PeP) division were enough to dampen the overall tone of the announcement. DP-DHL’s overall EBIT for Q3 fell by 54.9 […]
  • Randy Woods
  • November 7, 2018

Atlas reports strong Q3, expects more for peak season

Atlas Air Worldwide Holdings (AAWW) reported third-quarter net income of US$71.1 million, up from a net loss of $24.2 million for Q3 of 2017, and expects a strong performance for the fourth quarter on expectations of a record peak season. Operating income was up by 3.3 percent, year-over-year, during Q3, to $54.5 million, while total operating […]
  • Randy Woods
  • November 1, 2018

September traffic dips for Lufthansa Cargo, but Q3 earnings remain strong

Although the latest September airfreight traffic reports hinted at a coming slowdown for Lufthansa Cargo, the third-quarter numbers from the Lufthansa Group reported strong revenue growth from its Logistics business segment. Logistics was up 11 percent, year-over-year, in Q3 for 2018, reaching  €594 million. Earnings before interests and taxes (EBIT) for the unit was €25 million, […]
  • Randy Woods
  • October 30, 2018

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
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