US mega-airlines grow cargo volumes, but miss out on ecommerce boom
The three US mega-airlines – Delta, United and American – expanded their cargo traffic in ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
E-commerce and cost-cutting triggered a better result for UPS in its first quarter than it expected. But a potential change to pension benefits could leave the parcel company with a $3.8bn charge this year.
Better weather than in the first quarter of last year, plus a revenue increase of 3.1% in US domestic and a near 2% fall in cost per package, lead to overall revenues of $14bn and operating income of $1.8bn. Supply chain & Freight saw revenues grow 10.4%, reflecting the purchase of Coyote Logistics, but operating income fell 2.6% to $147m – owing to “weak market conditions in the air freight forwarding and LTL markets”.
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