Kitty Hawk (AMEX:KHK)
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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.