Air Transport Services Group, Inc. (NASDAQ:ATSG) reported financial results for its second quarter ended June 30, 2010. The second quarter of 2010 was Air Transport Services Group's first full quarter under the new aircraft leasing and operating agreements with DHL that took effect on March 31, 2010. The agreements provide for new seven-year leases eventually covering 13 Boeing 767-200 freighters and a separate five-year Crew, Maintenance and Insurance (NYSE:CMI) Agreement for operating those aircraft within DHL’s U.S. network.
“This quarter’s strong earnings growth shows that the fog of uncertainty that surrounded our company for nearly two years has finally lifted,” President and CEO of Air Transport Services Group Joe Hete said. “We have transformed ATSG into a set of businesses that positions us to deliver strong returns on invested capital and reliable cash flows from long-term agreements with established customers. Going forward, we expect our growth to be driven by market demand for our rapidly expanding fleet of 767 freighters and our broad product offering of air cargo services. By the end of next year, we expect to have grown our converted 767 standard freighter fleet by 13 aircraft, or 50 percent, as compared to the fleet size on April 1, 2010.”
Air Transport Services Group 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. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, Air Transport Services Group provides aircraft leasing, air cargo lift, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. Air Transport Services Group's subsidiaries include ABX Air, Inc.; Air Transport International, LLC; Capital Aircraft Management, Inc.; Capital Cargo International Airlines, Inc.; LGSTX Fuel Management, Inc.; and Airborne Maintenance and Engineering Services, Inc.
Optimized Transportation Management, Inc. (OTC.BB:OPTZ), the Pittsburgh, Pennsylvania-based freight transportation services and global supply chain solution enterprise, is pleased to announce that Larry Berry, its President and COO, has been interviewed on video by famed Wall Street Analyst Jeffrey Kraws, CEO of Crystal Research Associates, LLC for InvestorTube.net.
In the interview, Mr. Berry provides valuable insight into the current status of Optimized Transportation's business, as well as its opportunities for growth in the coming year. The video can be viewed by following this link (www.youtube.com/watch?v=NGmmYDsJvOE). The video can also be viewed on the company website, otmionline.com, where it can be accessed directly from the home page.
"We feel that an interview of this depth and quality will shed additional light on our company in a language that Wall Street, as well as our current and most importantly our future shareholders, will clearly understand. We are incredibly pleased with the direction our company is going and with the pace that we are growing at this time; and we are empowered by the fact that Mr. Kraws chose us to interview for one of his premier videos," stated Mr. Larry Berry, President and COO of Optimized Transportation Management.
"We are pleased that Mr. Kraws has shown an interest in Optimized Transportation, and provided us this live venue to explain our plans to expand our business and attain our corporate goals. Larry Berry is a highly pedigreed driving force and I believe that comes across clearly in the video," said Mr. Kevin Brennan, CEO of Optimized Transportation Management.
Headquartered in Pittsburgh, PA, Optimized Transportation Management, Inc. is a supply chain logistics company that provides clients with global freight and operations management services.
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