Tag: ABX Air

DHL changes negatively impact quarter's revenues for ABX Air

Posted by | Aug 11, 2006 | |

ABX Air Inc. on Wednesday reported revenues of USD 303.6 million and net earnings of USD 6.5 million, or 11 cents per share, for the second quarter.

The Wilmington-based company’s revenues declined USD 47.7 million and net earnings declined USD 300,000, or 1 cent per share, compared with the second quarter of 2005.

Earnings during the second quarter were negatively impacted by the reduction in truck line-haul management services provided to DHL, ABX’s largest customer

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ABX Air wins USPS deals to compensate DHL decline

Posted by | Jul 27, 2006 | |

ABX Air, Inc. announced today that its subsidiary, ABX Cargo Services, has been awarded the contract to manage the U.S. Postal Service’s terminal handling services at its Surface Transfer Center (STC) in Dallas, Texas.
The contract calls for ABX to be compensated at a firm price for its fixed costs, plus an additional amount based on the volume of mail handled. Based on projected volumes, ABX Air anticipates that its revenues under the contract could total about USD 20 million during the four-year term of the contract. This contract provides for two, two-year extensions at the discretion of the U.S. Postal Service.

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ABX Air notified of intent to reduce hub services

Posted by | Mar 16, 2006 | |

ABX Air, Inc. announced today an agreement with its major customer, DHL, that will reduce the range of services provided by ABX Air under the Hub and Line-haul Services Agreement during 2006, and provides a framework for negotiating other potential terms in the Hub Services Agreement and the Aircraft, Crew, Maintenance and Insurance Agreement. Specifically, ABX Air and DHL have agreed that: DHL will take over responsibility for the over-the-road truck line-haul network ABX Air currently manages for DHL; DHL will not require ABX Air to operate or manage its Allentown hub after a new facility opens at that location in the third quarter of 2006; ABX Air will have an opportunity to earn additional performance incentives beyond the existing contractual incentives in its ACMI Agreement and Hub Services Agreement if it can achieve very significant cost reductions in 2006; and ABX Air and DHL will undertake negotiation of additional modifications to the Hub Services Agreement and the ACMI Agreement to create greater risk/reward metrics for performance under these agreements.

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ABX builds non-DHL profits

Posted by | Mar 11, 2005 | |

ABX Air is finding that being independent is increasingly profitable, whether the former Airborne Express airline flies for DHL or not. The company reported a USD37 million net profit in 2004, nearly double the earnings for 2003, as the former Airborne Express air carrier saw revenue edge up to USD1.2 billion. The earnings included an USD18.1 million net profit in the fourth quarter on a 31 percent increase in revenue to USD361.4 million. Those earnings were spurred by an unexpected surge of package volume, up 29 percent over last year’s fourth quarter and 22.2 percent over third quarter 2004 totals. The strong financial report marked an important step in the airline’s path to independence since it was spun off from Airborne in 2003 following DHL’s purchase of the express operator. DHL accounts for the huge majority of ABX’s revenue but the airline said its non-DHL revenue grew from USD11.6 million in 2003 to USD26.7 million last year.

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ABX Air awarded US Postal Service contract to operate air network during holidays

Posted by | Nov 29, 2004 | |

ABX Air 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 USD5.1 million.

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