Kitty Hawk Signs Additional Contracts with United States Postal Service
28 Novembro 2006 - 9:30AM
Business Wire
Kitty Hawk, Inc. (AMEX: KHK), today announced that its wholly owned
subsidiary, Kitty Hawk Aircargo, Inc., has entered into contracts
with the United States Postal Service ("USPS") to operate seven of
its own aircraft in the daytime air and ground cargo holiday
network (�C-NET�). C-NET is being managed by Kitty Hawk Cargo,
Inc., a wholly owned subsidiary of Kitty Hawk, Inc., for the
holiday season mail from November 28 through December 24, 2006.
Based on successful performance of the contract, the total revenue
to Kitty Hawk Aircargo, Inc. is estimated to be approximately $4.6
million. The contracts are in addition to the previously reported
USPS award of $29.33 million to Kitty Hawk Cargo, Inc. to operate
and manage the C-NET network. As previously reported, the daytime
C-NET will operate through Kitty Hawk's Fort Wayne, Indiana, sort
facility and will be in addition to Kitty Hawk's own scheduled
overnight air and ground freight network. The C-NET is anticipated
to include, in addition to seven (7) of Kitty Hawk's own aircraft,
approximately 130 trucks procured by Kitty Hawk, over 200 seasonal
employees at Kitty Hawk's Fort Wayne sort facility and
approximately 29 aircraft contracted by the USPS. Kitty Hawk is
also responsible for the ground handling at all cities that are
part of the C-NET. About Kitty Hawk, Inc.
www.kittyhawkcompanies.com As a recognized leader in customer
service, Kitty Hawk is the premier provider of guaranteed,
mission-critical, time-definite overnight air, second-morning air
and time-definite expedited ground freight transportation to major
business centers, international freight gateways and surrounding
communities throughout North America, including, Alaska; Hawaii;
Toronto, Canada; and San Juan, Puerto Rico. Kitty Hawk's scheduled
freight network and award-winning, guaranteed overnight
time-definite air or expedited ground products are ideal for
heavy-weight (over 150 lbs.), high-value or high-security, special
goods with unique dimension, perishable, animal and/or other
shipments requiring special handling. With more than 30 years
experience in the aviation and air freight industries, Kitty Hawk
plays a key connecting role in the global supply chain. Kitty Hawk
serves the logistics needs of more than 550 freight forwarders,
integrated carriers, domestic and international airlines and
logistics companies with its extensive integrated air and ground
network, fleet of Boeing 737-300SF and 727-200 cargo aircraft, as
well as a 240,000-square-foot cargo warehouse, U.S. Customs
clearance and sort facility at its Fort Wayne, Indiana hub. In
2005, Kitty Hawk became the North American launch customer for the
fuel-efficient and environmentally friendly Boeing 737-300SF cargo
aircraft. In late 2005, Kitty Hawk launched its new coast-to-coast
and border-to-border expedited ground network reaching key business
centers throughout the US, Canada and Mexico. In early 2006, to
manage the growing demand for its high customer service ground
freight product Kitty Hawk formed Kitty Hawk Ground, Inc. In June
2006, Kitty Hawk Ground acquired and began integrating the majority
of the assets of 20-year-old Air Container Transport (ACT), the
dominant expedited airport-to-airport freight trucking company
operating from Southwestern Canada to San Diego as well as
additional cities as far east as Texas and Illinois. Statement
under the Private Securities Litigation Reform Act: This report may
contain forward-looking statements that are intended to be subject
to the safe harbor protection provided by Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements relate to future events or future
financial and operating performance and involve known and unknown
risks and uncertainties that may cause actual results or
performance to be materially different from those indicated by any
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "forecast,"
"may," "will," "could," "should," "expect," "intends," "plan,"
"believe," "potential" or other similar words indicating future
events or contingencies. Some of the things that could cause actual
results to differ from expectations are: economic conditions; the
impact of high fuel prices; our inability to successfully operate
the C-NET network which could result in monetary performance
penalties imposed by the USPS, our inability to successfully
implement and operate our expanded scheduled airport-to-airport
expedited ground freight network; our inability to successfully
operate and integrate the Air Container Transport operation and to
retain their customers; failure of key suppliers and vendors to
perform; our inability to attract sufficient customers at
economical prices for our expanded ground network; unforeseen
increases in liquidity and working capital requirements related to
our expanded ground network; potential competitive responses from
other operators of nationwide airport-to-airport ground freight
networks; the continued impact of terrorist attacks, global
instability and potential U.S. military involvement; the Company's
significant lease obligations and indebtedness; the competitive
environment and other trends in the Company's industry; changes in
laws and regulations; changes in the Company's operating costs
including fuel; changes in the Company's business plans; interest
rates and the availability of financing; limitations upon financial
and operating flexibility due to the terms of our credit facility;
liability and other claims asserted against the Company; labor
disputes; the Company's ability to attract and retain qualified
personnel; and inflation. For a discussion of these and other risk
factors, see the Company's most recent Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q filed with the Securities and
Exchange Commission. All of the forward-looking statements are
qualified in their entirety by reference to the risk factors
discussed therein. These risk factors may not be exhaustive. The
Company operates in a continually changing business environment,
and new risk factors emerge from time to time. Management cannot
predict such new risk factors, nor can it assess the impact, if
any, of such new risk factors on the Company's business or events
described in any forward-looking statements. The Company disclaims
any obligation to publicly update or revise any forward-looking
statements after the date of this report to conform them to actual
results. Kitty Hawk, Inc. (AMEX: KHK), today announced that its
wholly owned subsidiary, Kitty Hawk Aircargo, Inc., has entered
into contracts with the United States Postal Service ("USPS") to
operate seven of its own aircraft in the daytime air and ground
cargo holiday network ("C-NET"). C-NET is being managed by Kitty
Hawk Cargo, Inc., a wholly owned subsidiary of Kitty Hawk, Inc.,
for the holiday season mail from November 28 through December 24,
2006. Based on successful performance of the contract, the total
revenue to Kitty Hawk Aircargo, Inc. is estimated to be
approximately $4.6 million. The contracts are in addition to the
previously reported USPS award of $29.33 million to Kitty Hawk
Cargo, Inc. to operate and manage the C-NET network. As previously
reported, the daytime C-NET will operate through Kitty Hawk's Fort
Wayne, Indiana, sort facility and will be in addition to Kitty
Hawk's own scheduled overnight air and ground freight network. The
C-NET is anticipated to include, in addition to seven (7) of Kitty
Hawk's own aircraft, approximately 130 trucks procured by Kitty
Hawk, over 200 seasonal employees at Kitty Hawk's Fort Wayne sort
facility and approximately 29 aircraft contracted by the USPS.
Kitty Hawk is also responsible for the ground handling at all
cities that are part of the C-NET. About Kitty Hawk, Inc.
www.kittyhawkcompanies.com As a recognized leader in customer
service, Kitty Hawk is the premier provider of guaranteed,
mission-critical, time-definite overnight air, second-morning air
and time-definite expedited ground freight transportation to major
business centers, international freight gateways and surrounding
communities throughout North America, including, Alaska; Hawaii;
Toronto, Canada; and San Juan, Puerto Rico. Kitty Hawk's scheduled
freight network and award-winning, guaranteed overnight
time-definite air or expedited ground products are ideal for
heavy-weight (over 150 lbs.), high-value or high-security, special
goods with unique dimension, perishable, animal and/or other
shipments requiring special handling. With more than 30 years
experience in the aviation and air freight industries, Kitty Hawk
plays a key connecting role in the global supply chain. Kitty Hawk
serves the logistics needs of more than 550 freight forwarders,
integrated carriers, domestic and international airlines and
logistics companies with its extensive integrated air and ground
network, fleet of Boeing 737-300SF and 727-200 cargo aircraft, as
well as a 240,000-square-foot cargo warehouse, U.S. Customs
clearance and sort facility at its Fort Wayne, Indiana hub. In
2005, Kitty Hawk became the North American launch customer for the
fuel-efficient and environmentally friendly Boeing 737-300SF cargo
aircraft. In late 2005, Kitty Hawk launched its new coast-to-coast
and border-to-border expedited ground network reaching key business
centers throughout the US, Canada and Mexico. In early 2006, to
manage the growing demand for its high customer service ground
freight product Kitty Hawk formed Kitty Hawk Ground, Inc. In June
2006, Kitty Hawk Ground acquired and began integrating the majority
of the assets of 20-year-old Air Container Transport (ACT), the
dominant expedited airport-to-airport freight trucking company
operating from Southwestern Canada to San Diego as well as
additional cities as far east as Texas and Illinois. Statement
under the Private Securities Litigation Reform Act: This report may
contain forward-looking statements that are intended to be subject
to the safe harbor protection provided by Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements relate to future events or future
financial and operating performance and involve known and unknown
risks and uncertainties that may cause actual results or
performance to be materially different from those indicated by any
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "forecast,"
"may," "will," "could," "should," "expect," "intends," "plan,"
"believe," "potential" or other similar words indicating future
events or contingencies. Some of the things that could cause actual
results to differ from expectations are: economic conditions; the
impact of high fuel prices; our inability to successfully operate
the C-NET network which could result in monetary performance
penalties imposed by the USPS, our inability to successfully
implement and operate our expanded scheduled airport-to-airport
expedited ground freight network; our inability to successfully
operate and integrate the Air Container Transport operation and to
retain their customers; failure of key suppliers and vendors to
perform; our inability to attract sufficient customers at
economical prices for our expanded ground network; unforeseen
increases in liquidity and working capital requirements related to
our expanded ground network; potential competitive responses from
other operators of nationwide airport-to-airport ground freight
networks; the continued impact of terrorist attacks, global
instability and potential U.S. military involvement; the Company's
significant lease obligations and indebtedness; the competitive
environment and other trends in the Company's industry; changes in
laws and regulations; changes in the Company's operating costs
including fuel; changes in the Company's business plans; interest
rates and the availability of financing; limitations upon financial
and operating flexibility due to the terms of our credit facility;
liability and other claims asserted against the Company; labor
disputes; the Company's ability to attract and retain qualified
personnel; and inflation. For a discussion of these and other risk
factors, see the Company's most recent Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q filed with the Securities and
Exchange Commission. All of the forward-looking statements are
qualified in their entirety by reference to the risk factors
discussed therein. These risk factors may not be exhaustive. The
Company operates in a continually changing business environment,
and new risk factors emerge from time to time. Management cannot
predict such new risk factors, nor can it assess the impact, if
any, of such new risk factors on the Company's business or events
described in any forward-looking statements. The Company disclaims
any obligation to publicly update or revise any forward-looking
statements after the date of this report to conform them to actual
results.
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