Arbitrators also ruled that ABX
Air started to earn more than 10% of its total revenues from customers other than DHL with effect from 1 January 2008.
Air announced that its Board of Directors has reviewed ASTAR Air Cargo Holdings, LLC's unsolicited indication of interest to acquire the Company and has unanimously rejected the proposal as not being in the best interest of ABX
This new joint venture now enables Penske Logistics and ABX
LOGISTICS to provide international freight management services to customers in Brazil.
should be able to market, sell, and service its products through distribution to all market segments, including the hospital segment.
Air will provide interim 767 freighter aircraft under similar economic terms as required by DHL until such time as all freighter door modifications are completed.
said Cargo Holdings (CHI) is a provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements.
This new CBA is contingent upon the signing of a new commercial agreement between ABX
Air and DHL that provides for DHL's continued use of ABX
Air aircraft and flight crews in its U.
also said no formal offer has so far been made.
This reduction is a result of DHL reducing 23 ABX
Air DC-9 aircraft this year.
Air (NASDAQ:ABXA) has confirmed reports that it is in discussions with All Nippon Airways (ANA) regarding the leasing of ABX
Air Boeing 767 freighter aircraft to ANA for use in the Asia market.
In November 2007, ABX
Air and DHL agreed to arbitrate provisions of their ACMI and Hub Services agreements that cover the allocation of ABX
Air's overhead expenses between DHL and its third-party operations.
Joe Hete, President and CEO of ABX
Holdings, said, "Our first-quarter results reflect across-the-board growth in each of our operating segments, and substantial growth in our charter segment, plus substantial operating cash flows stemming from our increasing fleet of modern, fuel efficient wide-body freighter aircraft.