The Boeing Board of Directors elected Robert K. “Kelly” Ortberg as the company’s president and chief executive, effective Aug. 8. Ortberg also joined the board. Ortberg succeeded Dave Cal...
https://aircargonext.com/featured-content/people/people-ortberg-leads-boeing-as-president-ceo/
The global IT outage linked to cybersecurity company CrowdStrike has led major airlines worldwide to cancel or delay hundreds of flights today. Early this morning, CrowdStrike Chief Executive G...
A new round of fuel increases took effect for FedEx on July 1 and for UPS on July 15, shortly before the express giants raised surcharges. FedEx raised FedEx International — excluding FedEx I...
As U.S. parcel volumes remain low and international demand erratic, FedEx and UPS are investing heavily in the Asia-Pacific region to take advantage of intraregional and global demands. “We...
FedEx reported $87.7 billion in revenue for fiscal 2024, down 2.7% from 2023, on its June 25 earnings call. For its fourth quarter, which ended May 31, FedEx reported a 0.9% year-over-year increa...
https://aircargonext.com/news/express-carriers/fedex-fiscal-2024-revenue-down-2-7/
FedEx again benefited more from cost-cutting than the market as it reported revenue of $22.1 billion, up 0.9% year over year, and adjusted operating income of $1.87 billion, up 5.6% YoY, for its ...
Digitalization has driven a major shift in air cargo operations since the pandemic illustrated a need to pivot to a more modern business approach. Integrating innovative technologies improves eff...
https://aircargonext.com/news/bad-gateway-downside-of-digitalization/
FedEx announced plans today to reduce its European workforce by 1,700 to 2,000 positions. The reductions are expected to occur in the company’s back office and commercial teams. “FedEx is ...
UPS is considering bringing back some of its “browntails” from storage and placing them in the Asia region as demand shifts from ocean freight to multimodal solutions such as air/sea. Bill Se...
As UPS looks to Asia to grow its international deliveries, FedEx continues to eye the Middle East. Strong regional demand and disruptions in ocean freight services due to disruptions in the R...