ABX AIR REVIEWING DHL’S ANNOUNCEMENT
Focus on International Business Will Impact ABX Air
WILMINGTON, OH - November 10, 2008 - ABX Air is working through the DHL Announcement to withdraw from the U.S. domestic market by January 30, 2009.
"New in this announcement for ABX Air is DHL's closing their ground network. That was not part of their scenario as announced last May," said ABX Air President John Graber. "The rest of Deutsche Posts' announcement is just another step in the plan they gave us in May. We are working closely with DHL to help them transition to their new form in the U.S."
In May DHL indicated that while they were negotiating to have UPS handle their U.S. domestic express product, the ground freight would remain with ABX Air. Today’s announcement changes that. ABX Air manages the ground freight for DHL at the Wilmington hub and at 15 hubs across the U.S.
"This will impact about 2,000 more ABX Air people," said Graber. "We are working as quickly as we can to get them the details they need."
As more information is available it will be released. Recent releases and other background information about ABX Air is available at www.abxair.com.
ABX Air is an air cargo services provider operating out of Wilmington, Ohio, and 15 hubs throughout the United States. In addition to providing airlift capacity and sort facility staffing to DHL, ABX Air is a Part 121 operator and holds a Part 145 FAA Repair certificate. It provides charter, maintenance and package handling services to a diverse group of customers. ABX Air is the largest employer in a several-county area in southwestern Ohio. ABX Air, Inc., is a wholly owned subsidiary of Air Transport Services Group, Inc. (NASDAQ: ATSG).
Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks and uncertainties. ABX Air, Inc.'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 the company's actual results to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to the cost of modifying the aircraft and the timeline for placing it into revenue service, the company’s ability to generate revenue and earnings from the aircraft, and other factors that are contained from time to time in ABX Air's filings with the U.S. Securities and Exchange Commission, including the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should carefully review this release and should not place undue reliance on the company's forward-looking statements. These forward-looking statements were based on information, plans and estimates as of the date of this release. ABX Air undertakes no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.
Contact:
Beth Huber
ABX Air, Inc.
Tel: 937-366-2536
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