ABX Air wins USPS deals to compensate DHL decline
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.
