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Emery Aviation company history timeline

1958

In 1958, Lew Emery founded the first flight school at the Rockford airport.

1960

In 1960, Ira Hartzog formed Hartzog Aviation and acquired the former Illini Aviation, becoming one of the first distributors for Beech Aircraft in the Midwest.

Though the company remained based in New York City, Emery’s operations spread abroad with eight European offices, including one office in London and two offices in Canada; Emery had 29 United States offices by 1960.

1961

In 1961, the year Emery relocated headquarters to a leased office building in Wilton, Connecticut, Emery acquired ground facilities at Bradley Air Field in Hartford, Connecticut.

1963

A major turning point for the institute came in 1963 when a former Navy Commander, with a notable aviation record of his own, was named President.

1964

The nearest competitor was the Air Express division of John Emery’s former employer, Railway Express, but Emery’s $38.5 million in revenues for 1964 exceeded those of the four nearest competitors combined.

1965

By 1965 Emery Air Freight was “the tallest midget” among air freight-forwarders, John Emery, Sr. told Business Week.

Emery’s revenues hit $46 million in 1965, and net profit rose nearly 50 percent to $2.7 million.

1970

In 1970, the name changed to Embry-Riddle Aeronautical University – which is now recognized worldwide as the unrivaled pinnacle in aviation and aerospace education.

The first remote location was established in 1970 at Fort Rucker, Alabama.

1972

Concurrently, in 1972, the Thomas family created the Poplar Grove Airport just east of Rockford.

1974

19, 1974; “The Emery Overnight Express,” Business Week, Sept.

1975

REA Express Inc., John Emery Sr.'s former company, went out of business in 1975, leaving the field open to Emery and a newcomer, Federal Express Corporation.

The number of United States offices grew to 77 in 1975 and Emery had 112 offices worldwide; the company was providing service almost everywhere.

1978

In 1978, two years after Federal Express became profitable under the leadership of its president, Arthur C. Bass, Emery started a small-package business.

The residential campus in Prescott, Arizona, opened in 1978 with 268 students in Aeronautical Science.

1981

In 1981 Emery, rechristened Emery Worldwide, bought 24 Boeing 727 freighters and leased 40 other planes, taking on a long-term debt of $130 million—more than 60 percent of the company’s total capital.

1983

Profits rose 145 percent in 1983 to a record $25 million and yielded record revenues of $683 million.

1985

In 1985 Emery opened a European hub in the Netherlands, leasing cargo planes to fly there nonstop from Dayton.

In 1985, Hartzog Aviation was sold to Beech Holdings (Raytheon Aircraft Corporation). The facility became a Beech factory-owned and operated Factory Service Center.

1986

By mid-1986 Purolator Courier Corporation, the fourth-largest ground-only company among United States carriers, was losing money badly.

Federal Express and UPS were cash-rich, but Emery, whose income plummeted in 1986 from nearly $40 million to $18 million, was doing worse than expected.

1987

Emery bought Purolator for $323 million in April of 1987 to handle small-package capacities, but the purchase was too late.

24, 1987; King, Resa W., “Will the Palace Revolt Deliver Emery from Red Ink?” Business Week, Jan.

1988

18, 1988; “The Big Guns Aiming at Emery Air,” Business Week, Feb.

1989

The California company bought Emery on April 3, 1989, for $478 million.

Purchased by Consolidated Freight in 1989 and CF AIRFREIGHT was merged in.

1990

On July 30, 1990, Scott, yet another casualty in the ongoing effort to revive Emery’s success, resigned as CEO of Consolidated Freightways, Inc. after 23 years with the company, including two years with Emery in tow.

1991

Bass was replaced in March of 1991 by W. Roger Curry as part of a new Consolidated management team headed by new president and CEO, retired former chief financial officer, Donald E. Moffitt.

1992

In September 1992 Emery reported its first monthly profit since being acquired by Consolidated.

As part of this international plan, Emery created a logistics subsidiary, Emery Global Logistics, in 1992.

Consolidated’s customers were operating globally; and without Emery, Consolidated could not serve them fully Moffitt explained in the company’s First Quarter Report distributed in 1992.

In the first quarter of 1992, Emery lost less than in the previous year’s first quarter, and this without the onetime $10 million gain from Desert Storm work.

1993

In 1993 the company reported $1.3 billion in revenues.

1994

From this secure position, Emery raised its rates 7.2 percent in October 1994.

By 1994, the company's operating profits had risen to $77 million.

In 1994, UPS opened what has become their second largest air freight and sorting operation in the world at RFD. Emery Air continues to provide ground support services to UPS to this day.

1995

In 1995 the company launched Emery Expedite! to provide quick-response, door-to-door service using trucks, aircraft charters, and next-flight-out air transport.

1997

A $1.7 billion contract to run the USPS Priority Mail service on the east coast was awarded to Emery in 1997.

1998

In 1998, the Thomas family, owners of the Poplar Grove Airport, bought Emery Air Charter, expanding their offerings in the Rockford area.

2003

Then in 2003, Emery Air Charter acquired the Raytheon facility, consolidating all the services, and becoming one of the largest aviation service companies in the Midwest.

2006

In 2006, Emery Air expanded again, adding Regional Airline service, and now specializes in the Embraer and Bombardier CRJ family of regional airliners, as well as other corporate/RJ maintenance.

2019

Airfreight numbers grew by more than 15% to 2.7 billion pounds of freight that has landed and traveled through RFD compared to 2.3 billion pounds in 2019.

2022

"Emery Air Freight Corporation ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/emery-air-freight-corporation

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