Kitty Hawk Announces Expansion of Ground Freight Network and Services
October 07 2005 - 6:10PM
Business Wire
Kitty Hawk Cargo, Inc., a wholly-owned subsidiary of Kitty Hawk,
Inc. (AMEX:KHK) today announced the expansion of its current ground
freight transportation services beginning Oct. 31 to include
coast-to-coast, less-than-truckload (LTL) deferred freight service
to 26 cities. Based on interest from current customers, up to an
additional 20 cities are expected to be added to the scheduled
ground freight network during the first quarter of 2006. The
initial expansion phase will introduce Kitty Hawk's first
coast-to-coast entirely ground transportation service product,
building on its established success as the industry's premier
independent provider of mission-critical, scheduled overnight
freight service in North America. "Our first and foremost goals are
responding to customer needs and providing superior customer
service," said Robert W. Zoller, president and CEO. "This expansion
is the direct result of requests from Kitty Hawk's current
customers for a deferred ground product with the same level of
service excellence they experience with Kitty Hawk's overnight
freight product. With the addition of these cities, we will be able
to provide our clients and shippers a more effective, useful and
multi-modal freight transportation option." Spearheading this
effort are Toby Skaar, vice president and chief operating officer
of Kitty Hawk Cargo and Marc Widelitz. Widelitz, formerly of Exel
Global Logistics, has recently joined Kitty Hawk as the new
managing director of ground transportation and will directly
oversee the expansion project. The ground network expansion will
also further enhance Kitty Hawk's other primary services,
including: -- Express service, for heavyweight and small package
shipments requiring critical overnight delivery; -- General
service, for air shipments that are not as time critical (second
morning delivery); -- Special service, for shipments requiring
special handling (live animals, oversize, high value and hazardous
materials); and -- Precious Cargo, Kitty Hawk's human remains
transport service for the mortuary industry. Kitty Hawk, Inc. As a
recognized leader in customer service, Kitty Hawk is the premier
provider of guaranteed, mission-critical, scheduled overnight air
and 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 freighter 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. Forward Looking
Statement 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 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," "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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