Modest parcel revenue growth cannot mask the financial pressure facing global postal operators amid rising costs, declining letter volumes and competition from private couriers, according to a new industry report.
The good news is the U.S. Postal service trimmed its net loss by $500 million in FY2025. The bad news? It still lost $9 billion and operating losses increased $900 million.
In its first meeting with analysts since going solo, Daimler Truck projected revenue growth of 40%-60% in the second half of the decade.
FreightWaves reports very positive financial performance in 4Q 2021.
Financial losses for the global airline industry were sequentially smaller in the second quarter
Airlines are heavily in the red and a big shrink in passenger revenue last year is to blame. The International Civil Aviation Organization quantifies the results and gives its outlook for 2021.
Air Transport Services Group’s freighter leases offset financial losses from its grounded passenger planes.
The e-commerce retail and logistics giant’s bottom line is healthier than ever.
Danish third-party logistics services provider’s bottom-line benefits from easing COVID-19 during summer months.
COVID-19 keeps bookings soft, planes parked during quarter.
Hong Kong-based 3PL’s warehouse business suffers from shrinking inventories, but forwarding business saves the day, leading to $109 million first-half profit.
Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.
Boeing commercial aircraft deliveries fell by more than half over the past six months, compared to the same period last year.
American Airlines’ cargo revenue for the first half of the year was $277 million, or 37% lower than the first half of 2019.
American Airlines lands $2.7 billion pretax loss in second quarter.
The coronavirus’ whipsaw effect on the global supply chain took a toll on Kuehne + Nagel during the first half of 2020, but without a rapid internal response the hit would have been far worse, CEO Detlef Trefzger says.
Delta Air Lines will retire more than 100 planes by year’s end, reducing the carrier’s available cargo capacity to some destinations after coronavirus passes.
Atlanta-based airline posted $3.9 billion pretax loss for the second quarter.
Deutsche Post DHL said preliminary second-quarter profits, despite the ongoing COVID-19 pandemic, have it less worried about the rest of the year.
Emirates SkyCargo’s business fell in fiscal year 2019-2020, but the airline division is experiencing strong demand for its services during the coronavirus crisis.
