Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ABX Air Awarded US Postal Service Contract to Operate Air Network During Holidays.


WILMINGTON, Ohio -- ABX Air (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ABXA) announced today that it has been awarded a contract by the US Postal Service to manage an air network to transport mail during the busy holiday season. The network will include ABX Air aircraft as well as those of other operators. ABX Air will also provide logistics services and hub operations in support of the network. The contract calls for ABX Air to be compensated at a fixed price on a per-day basis and is expected to generate gross revenues of approximately $5.1 million.

"This contract reflects our continuing effort to expand our relationship with the US Postal Service and thereby diversify our revenue base," stated Joe Hete, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We will dedicate aircraft to the USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS.  for a few hours each day and still have them in place to fly routes for DHL DHL
abbr.
1. Doctor of Hebrew Letters

2. Doctor of Hebrew Literature
 at night, utilizing our considerable experience in logistics and managing an air network to meet the needs of both customers."

ABX Air is a cargo airline with a fleet of 115 aircraft that operates out of Wilmington, Ohio, and 18 hubs throughout the United States. In addition to providing airlift capacity and sort facility staffing to DHL, ABX Air provides charter and maintenance services to a diverse group of customers. With over 7,000 employees, ABX ABX Antibiotics
ABX Airborne Express
ABX Abstracting
ABX Albury, New South Wales, Australia - Albury (Airport Code)
ABX Automatic Branch Exchange
ABx Non-Antibiotics
ABX Asset Backed Securities Index
ABX Acoustic Bass Extension
 is the largest employer in a several county area in southwestern Ohio.

www.abxair.com

Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks and uncertainties. ABX Air's actual results may differ materially from the results discussed in the forward-looking statements. There are a number of important factors that could cause our actual results to differ materially from those indicated by such forward-looking statements, including the availability and reliability of aircraft to be utilized under our contract with the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. . These factors are contained from time to time in ABX Air's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended 2003, and our Quarterly Reports on Form 10-Q Form 10-Q

See 10-Q.
. Readers should carefully review this release and should not place undue reliance on our forward-looking statements. These forward-looking statements were based on information, plans and estimates at the date of this release. We undertake no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 29, 2004
Words:405
Previous Article:Cash Systems Announces David S. Clifford Appointed Chief Financial Officer.
Next Article:Direct IT Canada Reports Third Quarter Results.



Related Articles
MAILING DEADLINES FOR SENDING HOLIDAY PACKAGES BEGIN TODAY; TIME RUNNING OUT FOR CHRISTMAS DELIVERY.
Air Cargo News.
Air Cargo News.
Aircraft News - Europe.
Air Cargo News.
Aircraft News - Latin America / Caribbean.
Company Watch - American Airlines.
Aircraft News - Asia / Pacific.
Air Cargo News.
Company Watch - All Nippon Airways.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles