Kitty Hawk (AMEX:KHK)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Kitty Hawk Charts. Click Here for more Kitty Hawk Charts.](/p.php?pid=staticchart&s=A%5EKHK&p=8&t=15)
Kitty Hawk, Inc. (AMEX:KHK), the premier provider of
mission-critical, heavy weight transportation services in North
America, announced today that it has selected Softair AG's CARGOSPOT
software platform for the automation of its Cargo operations
throughout its air and ground networks.
Kitty Hawk will deploy CARGOSPOT across its expedited air and
ground freight network operations. The CARGOSPOT products will
automate processes throughout Kitty Hawk's operations and provide the
Company with a powerful tool in support of seamless collaboration with
different business partners in the global supply chain.
The communication-centric, web-based platform will provide Kitty
Hawk and its customers with instant global shipment visibility,
tracing and tracking as well as wide-ranging, industry-compliant
message support capabilities, including interfaces to Cargo Imp, SITA,
SMS, e-mail, Cargo2000 and many customer-proprietary systems.
In addition, the new operations software has been designed in a
fully integrated and user-friendly manner allowing an easy roll-out,
fast adoption and on-going integration of new technologies.
"This software implementation is another proof point that Kitty
Hawk is committed to the highest level of service in the industry,"
said Robert W. Zoller, Kitty Hawk President and CEO. "CARGOSPOT will
enhance our ability to provide uniform quality and service standards
throughout our growing global network of customers, which include
freight forwarders, integrated carriers, logistics companies, domestic
and international airlines."
Dr. Gabriel Weisskopf, CEO of Softair AG said, "Kitty Hawk
continues to invest in both its air and ground operations and the
installation of CARGOSPOT will establish a modular platform that
allows a phased and cost-effective migration away from legacy systems.
The installation will be particularly unique because it will
immediately bring one common, scalable and proven technology to a
broad span of business activities - air, ground, central and regional
hub operations as well as a wide range of other communications,
management and control functions. It is an important milestone for
SoftAir AG."
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 expedited ground freight transportation to major
business centers and surrounding communities throughout North America,
including, Alaska, Hawaii, Vancouver and Toronto, Canada, and San
Juan, Puerto Rico.
With more than 30 years experience in the aviation and air freight
industries, Kitty Hawk, including its recent acquisition of the assets
of Air Container Transport, plays a key connecting role in the global
supply chain. Kitty Hawk serves the logistics needs of more than 700
freight forwarders, integrated carriers, logistics companies and major
airlines with its extensive integrated air and ground network, fleet
of Boeing 737-300SF and 727-200 cargo aircraft, a 239,000 square-foot
cargo warehouse, US Customs clearance and sort facility at its Fort
Wayne, Indiana hub and five additional regional air and ground hub
facilities.
In 2005, Kitty Hawk became the North American launch customer for
the fuel-efficient and environmentally-friendly Boeing 737-300SF
aircraft. In late 2005, Kitty Hawk launched a coast-to-coast expedited
ground network, including six regional hubs, serving major business
centers, international freight gateways and surrounding communities
throughout North America. In June, 2006, Kitty Hawk, Inc.'s operating
subsidiary, Kitty Hawk Ground, Inc., acquired the majority of the
assets of Air Container Transport, the premier airport-to-airport
expedited freight network on the West Coast.
Kitty Hawk's air and ground cargo networks, award-winning,
guaranteed overnight time-definite air service and dedicated
coast-to-coast ground operation are ideal for mission-critical,
heavy-weight shipments (over 150 lbs) or special goods with unique
dimensions, high security, high value, perishable, animal and other
important shipments.
About Softair AG www.cargospot.com
Since its inception in 1985 Swiss-based Softair AG, has been
dedicated to the development and marketing of standard software
applications for the air cargo industry. Its products, such as
Cargosys, Cargo One, Handling Top and Cargospot have been licensed to
over 100 Airlines, General Sales Agents, Handling Agents, Forwarders
and CASS Systems in 75 markets on 5 continents.
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; our failure to close the acquisition of the
operating assets of Air Container Transport; our inability to
successfully operate and integrate the Air Container Transport
operations; 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,
2005. 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.