Conf call redux: Turning Schenker into DSV
Managing expectations
ATSG has simultaneously diversified its revenue stream, provided itself with a line of conversion feedstock and boosted annual revenue by some $430m, thanks to the $845m cash acquisition of Omni Air.
Announced yesterday, the deal gives the ever-expanding ATSG 13 more aircraft – all passenger models – and a stronger foothold in the US Department of Defense (DoD) and other government contract business.
The combined businesses will bring in some $1.4bn in revenue.
Joe Hete, CEO of ATSG, said in a call to investors he was “enthused ...
Maersk u-turn as port congestion increases across Northern Europe
Apple logistics chief Gal Dayan quits to join forwarding group
Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Airlines slash freighter capacity post-de minimis, but 'the worst is yet to come'
Houthis tell Trump they will end attacks on Red Sea shipping
Transpac rates hold firm as capacity is diverted to Asia-Europe lanes
MSC revamps east-west network as alliance strategies on blanking vary
India-Pakistan 'tit-for-tat' cargo ban sparks sudden supply chain shocks
Comment on this article