Kitty Hawk Adds Seven Major Metro Areas to Ground Freight Network; Network Now Includes 35 Cities; 11 to be Added in First Quart
November 21 2005 - 6:00AM
Business Wire
Kitty Hawk Cargo, Inc., a wholly owned subsidiary of Kitty Hawk,
Inc., (AMEX:KHK) announced today that it is adding seven major
business centers to its recently initiated scheduled
coast-to-coast, less-than-truckload (LTL) ground freight
transportation service. Beginning November 28, Kitty Hawk's ground
freight network will include Baltimore; Boston; Hartford;
Philadelphia; Washington D.C.; Richmond and Norfolk, Virginia, in
addition to the 28 cities launched on October 31. With the
expansion announced today, the company is executing on its
previously announced plans to expand its ground freight network to
46 cities during the first quarter of 2006. "Our recently initiated
ground freight service is performing to the high standards of
customer service, dependability and flexibility for which our
premier air freight transportation is well known," said Robert W.
Zoller, president and CEO. "The avid support of our customers has
facilitated the rapid expansion of ground service to seven new
metro areas. This means we can provide a more complete and
convenient set of multi-modal freight transportation options, open
key connections to global freight destinations, and therefore more
effectively and efficiently meet the needs of our freight
forwarding and logistics customers. "Together with the recent
induction of seven fuel-efficient Boeing 737-300SF aircraft to our
air cargo fleet, we believe the ground freight network will
strengthen Kitty Hawk's potential over the long term for profitable
growth, despite the high fuel cost environment," he added. About
Kitty Hawk, Inc. 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 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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