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Old 05-19-2008, 09:16 AM   #1  
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Default ABX News!

ABX to Renew with DHL

ABX Air will renew its hub and line haul services agreement with DHL, the airline announced Monday.

The contract has an automatic one year renewal clause set for Aug. 15 if neither party cancels at least 90 days before the anniversary date. ABX Air, a subsidiary of the recently renamed Air Transport Services Group, provides sorting, maintenance, and other logistics services in support of DHL's express package network in the United States, including management of DHL's national sorting center in Wilmington, Ohio, and 15 of its regional sorting centers across the country.

ABX Air earns base markup revenues equal to 1.75 percent of eligible expenses it incurs under the agreement, and can earn additional markup revenue based on its performance against certain cost and service goals. In 2007, ABX Air's revenues were $317 million, and its pretax earnings were $7.6 million, from services provided under this agreement.

Hopefully, now I can stop swimming in the pool
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Old 05-19-2008, 09:27 AM   #2  
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That's the contract under which ABX runs the hub/sort and some trucking for DHL. The airline is under the ACMI agreement and is completely separate.
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Old 05-19-2008, 11:51 AM   #3  
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Hey, how did any abx news get into the UPS/FDX section <G>?
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Old 05-19-2008, 01:11 PM   #4  
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Default Deutsche Post

The company said its supervisory board will meet May 28 to discuss a performance-improvement plan for the U.S. Express business. Deutsche Post last week said Express operations will remain a part of the company's strategy. Article titled, "DHL owner Deutsche Post reports 18% profit fall." 14MAY08
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Old 06-13-2008, 05:41 PM   #5  
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Does anybody know when ABX will resume hiring, even if it is just for the Osaka domicile?
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