ABX Air awarded US Postal Service contract to operate air network during holidays
ABX Air (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. “We will dedicate aircraft to the USPS for a few hours each day and still have them in place to fly routes for DHL 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 is the largest employer in a several county area in southwestern Ohio.
