Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Air Transport Services Group Inc.    ATSG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Air Transport Services Group Inc. : ATSG, U.S. Postal Service, Renew Sort Center Agreements

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/24/2012 | 10:05pm CEST

Air Transport Services Group, Inc. (NASDAQ:ATSG) said today that its contracts to manage three U.S. Postal Service sort facilities in Indianapolis, Dallas and Memphis have been renewed for two more years.

Under the new agreements with ATSG business unit LGSTX Distribution Services, Inc., the Postal Service pays LGSTX a fixed amount, plus additional amounts based on the volume of mail handled. ATSG has managed the Indianapolis center since 2004 and the Memphis and Dallas facilities since 2006. Combined annual revenues from all three agreements are expected to be approximately $24 million, an increase of about 10 percent from last year.

Gary Stover, president of LGSTX, said, "Our 30 years of experience in managing hub operations for Airborne, Inc. and DHL have allowed us to develop excellent work processes, reporting systems and contingency planning. We are pleased to extend our business relationship with the Postal Service into 2014, and hope to find additional ways to support them in the future."

About ATSG

ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, LLC; Cargo Aircraft Management, Inc.; Capital Cargo International Airlines, Inc.; and Airborne Maintenance and Engineering Services, Inc. For more information, please see www.atsginc.com.

ATSG Inc.
Quint O. Turner, Chief Financial Officer, 937-382-5591


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIR TRANSPORT SERVICES GRO
06/19 AIR TRANSPORT SERVICES : ATSG) and XPO Logistics (XPO) Head-To-Head Review
06/06 AIR TRANSPORT SERVICES GROUP, INC. : Other Events (form 8-K)
06/02 AIR TRANSPORT SERVICES GROUP, INC. : Entry into a Material Definitive Agreement,..
06/01 AIR TRANSPORT SERVICES : Announces Pricing of Secondary Public Offering by Selli..
06/01 AIR TRANSPORT SERVICES : Air Transport Services Group, Inc.
06/01 AIR TRANSPORT SERVICES GROUP, INC. : Announces Pricing of Secondary Public Offer..
05/31 AIR TRANSPORT SERVICES GROUP, INC. : Announces Secondary Public Offering by Sell..
05/25 AIR TRANSPORT SERVICES : National Mediation Board Finds in Favor of ATSG's Airli..
05/25 Amazon pilots warn of potential vulnerability
05/20 AIR TRANSPORT SERVICES : National Mediation Board Finds in Favor of ATSGs Airlin..
More news
Sector news : Air Freight
08:35a Factbox - Companies hit by global ransomware attack on June 27
08:35a DEUTSCHE POST : Germany's BSI says Petya malware used in cyber attacks
06/27DJUNITED PARCEL SERVICE : UPS to Freeze Pension Plans for Nonunion Staffers -- 4th..
06/27DJUNITED PARCEL SERVICE : UPS to Freeze Pension Plans for Nonunion Staffers -- 3rd..
06/27DJUNITED PARCEL SERVICE : UPS to Freeze Pension Plans for Nonunion Staffers -- 2nd..
More sector news : Air Freight
News from SeekingAlpha
06/24 Transports Week In Review - Energy Prices And Amazon At The Forefront
06/17 Transports Week In Review - Amazon Leads The Charge As Consolidation Gets Bac..
06/10 Transports Week In Review - Transports Keep Momentum As Broader Indices Falte..
06/04 Transports Week In Review - Transports Keep Momentum As Markets Set New Highs
05/31 Seaport Global picks transport favorites
Advertisement
Financials ($)
Sales 2017 985 M
EBIT 2017 104 M
Net income 2017 54,2 M
Debt 2017 551 M
Yield 2017 -
P/E ratio 2017 22,96
P/E ratio 2018 17,54
EV / Sales 2017 1,88x
EV / Sales 2018 1,65x
Capitalization 1 298 M
More Financials
Chart AIR TRANSPORT SERVICES GRO
Duration : Period :
Air Transport Services Gro Technical Analysis Chart | ATSG | US00922R1059 | 4-Traders
Full-screen chart
Technical analysis trends AIR TRANSPORT SER...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 22,0 $
Spread / Average Target 0,87%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Joseph C. Hete President, Chief Executive Officer & Director
Randy D. Rademacher Chairman
Quint O. Turner Chief Financial Officer & Head-Media Relations
Jeffrey J. Vorholt Independent Director
Richard M. Baudouin Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AIR TRANSPORT SERVICES..36.65%1 298
UNITED PARCEL SERVICE-4.34%95 168
FEDEX CORPORATION15.11%57 306
DEUTSCHE POST6.48%44 763
ZTO EXPRESS (CAYMAN) I..15.41%10 188
EXPEDITORS INTERNATION..5.55%10 050
More Results