Kitty Hawk Announces Opening of Atlanta Ground Network Hub; New Service, Schedule Options to Meet Additional Customer Demand
08 February 2006 - 10:00PM
Business Wire
Kitty Hawk Cargo, Inc., a wholly owned subsidiary of Kitty Hawk,
Inc. (AMEX:KHK) announced today the opening of its Atlanta, Georgia
less-than-truckload (LTL) scheduled ground freight regional hub on
February 6, 2006. The new regional hub offers new service
efficiencies and schedule options to Kitty Hawk's freight
forwarding, logistics and international gateway customers. The
Atlanta regional hub will provide scheduled time-definite, LTL
ground freight transportation between Atlanta and Miami, Nashville,
Charlotte, Orlando, Jacksonville, Tampa, and Memphis. It will also
connect seamlessly with other Kitty Hawk ground network
destinations on the East Coast and in other major business centers
throughout the country. Additional connections to Atlanta may be
added, based on customer demand. "Since Kitty Hawk launched its LTL
ground network on October 31, 2005, the superior level of service
we provide has been steadily gaining acceptance among freight
forwarders and logistics providers," said Robert W. Zoller, Kitty
Hawk president and chief executive officer. "As we continued to
develop and execute our ground network plan, we received specific
requests for service to the Atlanta and Miami international
gateways as well as other regional destinations. The efficient
connection of these important southeastern air, ground and ocean
freight markets to the growing Kitty Hawk ground network will
immediately benefit the forwarding and logistics community we serve
both on a domestic and global basis." The new hub will be
co-located with Kitty Hawk's overnight and second-morning air
freight operation in a recently acquired facility immediately
adjacent to the Hartsfield-Jackson Atlanta International Airport.
About Kitty Hawk, Inc. www.kittyhawkcompanies.com As a recognized
leader in customer service, Kitty Hawk is the premier provider of
guaranteed, mission-critical, scheduled overnight air and beginning
October 31, 2005 of scheduled time-definite coast-to-coast
less-than-truckload (LTL) ground freight transportation to major
business centers and surrounding communities throughout North
America, including, Alaska, Hawaii, Toronto, Canada, and San Juan,
Puerto Rico. 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, logistics
companies and major airlines with its extensive integrated air and
ground network, fleet of Boeing 737-300SF and 727 cargo aircraft,
as well as a 239,000 square-foot cargo warehouse, US 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
aircraft. Kitty Hawk's air and ground cargo networks and
award-winning, guaranteed overnight time-definite service are ideal
for heavy-weight shipments (over 150 lbs), special goods with
unique dimensions, perishables, animals and other valuable
shipments. 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 implement and operate our expanded ground network;
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
coast-to-coast less than truckload 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; liability and other claims asserted against the Company;
labor disputes; the Company's ability to attract and retain
qualified personnel; inflation; and costs. For a discussion of
these and other risk factors, see Item 7 of the Company's Annual
Report on Form 10-K for the year ended December 31, 2004. 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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