As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
17 May 2016
A strike vote by union pilots at Atlas, ATSG and Kalitta Air is meant to pressure the airlines and DHL, but doesn't mean a strike is imminent.
05 May 2016
Although Amazon is not in the transportation business, FedEx, UPS and DHL can’t ignore Amazon’s competitive challenge, Satish Jindel, president of SJ Consulting Group, said.
20 Jan 2016
Atlas Air Worldwide Holdings’ plan to acquire competitor Southern Air Holdings will diversify the air cargo carriers’ fleet, strengthen its relationship with its biggest customer, DHL Express, and position it to grow in the U.S. and globally, according to a BB&T analyst.
17 Feb 2015
Panalpina has signed a new five-year agreement with Atlas Air under which it will switch one of the two 747-8 freighters wet leased — an arrangement where crew, maintenance and insurance are also provided — from the U.S. firm to scheduled charters.
10 Dec 2014
Five straight quarters of continued growth and a supply-demand balance has led to a turnaround in the air freight business this year, with more solid growth still to come, believes Atlas Air’s Michael Steen.
14 Nov 2014
The chaotic waterfront scenes jamming up U.S. gateway ports on the West Coast are proving a boon for the air charter business and with no end in sight to the congestion, forwarders are securing space on chartered freighters for urgent cargo.
08 Oct 2014
There is no significant loss of air cargo to ocean freight, said Atlas Air president and CCO Michael Steen, arguing against a widely held industry belief that shippers were shifting modes to save on transport costs.
30 Sep 2013
Atlas Air has entered into a contract with Astral Aviation to provide a Boeing 747-400 Freighter service between Europe and Africa.
01 Aug 2013
Atlas Air Worldwide’s net income plummeted 32.8 percent from $31.2 million in the second quarter of 2012 to $21.0 million in the second quarter of 2013.
31 May 2013
Etihad Cargo and Atlas Air Worldwide are partnering on a new round-the-world freighter service.
06 May 2013
Etihad Airways is expanding its fleet with a Boeing 747-8 Freighter.
13 Feb 2013
Atlas Air Worldwide reported net income jumped 56 percent from $33.5 million in the fourth quarter of 2011 to a record $52.4 million in the fourth quarter of 2012.
31 Dec 2012
14 Nov 2012
Outsourced aircraft and aviation operating service provider Atlas Air Worldwide announced that dispatchers of its subsidiaries, Atlas Air and Polar Air Cargo Worldwide, have ratified a five-year collective bargaining agreement...
16 Aug 2012
The release of an array of new high-tech gizmos, including the i
04 Jun 2012
Panalpina has started flying the first of two new Boeing 747-8 freighters with a maiden cargo flight from Hong Kong to Luxembourg.
13 Oct 2011
03 Oct 2011
Cargolux is expected to take delivery this month of its first 747-8 freighter after settling a contract dispute
22 Sep 2011
16 Sep 2011
Panalpina will lease two 747-8 freighters from U.S.-based Atlas Air to meet increasing demand for capacity in the healthcare, high-tech, automotive, and oil and gas sectors.
07 Sep 2011
Wall Street research firm Wolfe Trahan Group is reducing its estimates for transportation earnings per share as economic headwinds gain strength.
02 Aug 2011
06 Jun 2011
The International Air Transport Association scaled back its 2011 industry profit forecast by more than half on Monday, to $4 billion from an estimated $8.4 billion the industry group had projected jus
03 May 2011
Atlas Air Worldwide Holdings saw its net profit fall more than two-thirds in the first quarter amid rising costs and falling military charter revenue, but the freight airline said Tuesday it still exp
14 Feb 2011
Fourth quarter and full year profit soared at Atlas Air Worldwide Holdings, fueled by strong air freight demand and tight wide-body, long-haul freighter capacity.
11 Feb 2011
Atlas Air Worldwide Holdings executive Michael Steen will replace Ulrich Ogiermann as chairman of The International Air Cargo Association, the worldwide group announced.
03 Nov 2010
Stronger demand, improved yields and higher prices powered a 130 percent surge to $33.8 million in net profit for Atlas Air Worldwide Holdings in the third quarter.
20 Oct 2010
Panalpina launched its dedicated 747-400 freighter service linking Luxembourg with Dubai's new international airport and with Hong Kong.
21 Sep 2010
Atlas Air Worldwide Holdings gave new momentum to the recovering air freight market on Tuesday, increasing its profit outlook for the year more than 20 percent on what the freighter said was growing d
16 Sep 2010
Panalpina is expanding its dedicated air cargo operation with a leased 747-400 freighter the global forwarder will use to launch trans-Pacific services connecting the company’s European and Nort
17 Aug 2010
Atlas Air Worldwide Holdings announced a loan agreement with the Industrial and Commercial Bank of China that the freighter operator said signals a stronger focus on business ties to Asia.
03 Aug 2010
Atlas Air Worldwide Holdings more than tripled its net profit to $32.8 million in the second quarter on strong demand for chartered aircraft in the resurgent global air cargo market, the freighter ope
06 May 2010
Atlas Air Worldwide Holdings, a provider of air cargo assets and outsourced aircraft operation, improved net profit 44.5 percent year-over-year in the first quarter earning $33.8 million on revenue up