In this episode of “On Air with Air Cargo World,” Editor Caryn Livingston speaks with Cathy Roberson, founder of Logistics Trends & Insights, about the second-quarter results of major airfreight industry stakeholders announced in recent weeks. With more earnings presentations to come through early August, the benefits of the current high rate, low-capacity market are […]
Another quarter, another record for FedEx, which announced a quarter of impressive results for the period ending May 31. The company reported total revenue for the quarter was up 30% year over year to $22.5 billion. Express revenue increased 32% to $11.2 billion, Ground revenue increased 27% to $8.1 billion and Freight revenue increased 38% […]
Automotive manufacturer GM plans to increase vehicle deliveries to customers in the U.S. and Canada, but automobile inventories are unable to keep up with demand due to manufacturing parts shortages. While the U.S. government is taking notice of the supply chain weaknesses behind the current shortages, the recommended investments will take years to strengthen supply […]
Once again, UPS knocked it out of the ballpark as it reported record first-quarter profits in all of its segments. Total revenue increased 27% to $14 billion while total operating profit jumped a staggering 158% to $2.8 billion. An improving environment saw total average daily volumes increase 14.3% year over year and the international average […]
Username
Australia-based Toll Holdings, which was once among the largest global logistics providers, was acquired by Japan Post in 2015 for about $5.1 billion, but it’s been no bed of roses for either company since the acquisition. “We have made a first step toward becoming a global logistics company,” Japan Post Holdings President Taizo Nishimuro said […]
Username