For Sweden-based West Atlantic, 2015 was an exceptionally challenging year, during which the company’s profits dipped into the red, from a US$1.3 million profit in 2014, to a loss of $6.1 million in 2015. Despite higher revenues in 2015, which rose 13.7 percent over the previous year, to $173 million, the integrated mail and express[…]
With cross-border e-commerce, it’s easy to think at 35,000 feet above sea-level – about the planes that carry the cargo and the airlines that operate them. But when it comes to e-commerce’s thirst for expedited delivery, new opportunities for logistics optimization are carved out at other links along the air cargo supply chain as well.[…]
Earlier this year Yusen Logistics unveiled a consolidation service for air cargo out of Java. According to the Japanese firm, this has brought a marked improvement in transit times to international destinations. Yusen followed up on this move in March with the start of import operations at Jakarta’s Halim Perdanakusuma International Airport. The Indonesian government[…]
Noting that Beijing Capital International Airport is ill-equipped to fulfill future cross-border-fueled airlift demands in China, Hainan Airlines has launched a new cargo airline in the neighboring city of Tianjin. The new airline, Tianjin Cargo Airlines, which was registered on April 27 with initial operating capital of US$107 million, will be a joint-venture between Hainan[…]
Soon after announcing its blockbuster 20 freighter/20 percent stake deal today with Amazon, Atlas Air Worldwide Holdings (AAWW) released its first-quarter results for 2016, showing a drastic dip in net income from US$25.8 million in Q1 2015 to just $7.7 million in three months ended March 31, 2016. CEO William Flynn, however, remained upbeat, saying[…]
First-quarter net revenues dropped 2 percent, year-over-year, at Seattle-based Expeditors, to US $517 million, while net profit fell 9.6 percent, year-over-year, to $97 million as the company adjusts to marketthat looks very different from the boom days if Q1 2015. Company president and CEO Jeffrey S. Musser noted the stark differences in “the underlying fundamentals”[…]
