ABX’s top execs invest in company stock
Numerous senior officials at the Wilmington air-cargo company and its parent are putting their money where their jobs are.
Read MoreTag: ABX Air
ABX Air continues layoffs
ABX Air announced another round of layoffs, ahead of DHL Express’ decision to close its Wilmington hub operations.
Read MoreABX Air uncertain on future as DHL pulls out
The DHL contract generates almost three-quarters of sales for parent company Air Transport Services Group Inc, worth about USD 280 million in the second quarter.
Read MoreDHL pulls plug on March Air Reserve Base-Hong Kong flight
A DHL flight linking Riverside and Hong Kong cargo will take off and land at Los Angeles International Airport instead starting Oct. 26.
The shift will leave DHL with an average of four daily flights at March Air Reserve Base. DHL landed at the airport in 2005 and had eight daily flights at its height.
A pending agreement with shipping competitor UPS could eventually leave DHL without any flights at its 262,000-square- foot Riverside hub.
The route was considered an international flight, DHL’s only foreign-bound flight from March, because it concluded in Hong Kong after connecting in Alaska.
That leaves DHL with a handful of late-night domestic flights that face an uncertain future at the company’s Inland hub.
Riverside County Supervisor Bob Buster said the developer’s master plan and DHL’s cutbacks could give commission members a second chance to take a broader look at what makes good business sense and be more aggressive in seeking landing fees and revenues from the companies that land at March.
Read MoreABX Air finalizes severance and retention plans
ABX Air, Inc., announced it has reached an agreement with DHL on severance and retention plans for impending job reductions.
Following a period of voluntary reductions, ABX Air will serve Workers’ Adjustment and Retraining Notification Act (WARN) notices to approximately 200 employees next week. Government officials will be notified as well. Workers will be leaving jobs no later than 60 days from the day they receive the WARN notices.
This reduction is a result of DHL reducing 23 ABX Air DC-9 aircraft this year. These fleet reductions are the first associated with the plan DHL announced at the end of May. DHL has indicated to ABX Air that the DC-9 reductions will continue until all ABX Air DC-9s are parked sometime in 2009.
To assist in the transition for dislocated employees, ABX Air is working closely with the State Rapid Response Team and members of the Five Star Job Centers of Southwest Ohio, who are also coordinating with other surrounding counties. ABX Air has set up an onsite Transition Center to facilitate access to the available support services. Full- and part-time employees will be eligible to receive severance options, which include continued health and welfare coverage. All of these measures are intended to help dislocated workers bridge the employment gap.
ABX Air expects that additional notices will be necessary as more DC-9s are removed from the fleet. ABX Air’s DC-9 schedule of reductions is not affected by the discussions between DHL and UPS, but by DHL’s schedule to park the aircraft, as well as other ABX Air business adjustments.
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