ATSG, U.S. POSTAL SERVICE, RENEW SORT CENTER AGREEMENTS
WILMINGTON, OH - September 24, 2012 - Air Transport Services
Group, Inc. (NASDAQ:ATSG) said today that its contracts to
manage three U.S. Postal Service sort facilities in
Indianapolis, Dallas and Memphis have been renewed for two
Under the new agreements with ATSG business unit LGSTX
Distribution Services, Inc., the Postal Service pays LGSTX a
fixed amount, plus additional amounts based on the volume of
mail handled. ATSG has managed the Indianapolis center since
2004 and the Memphis and Dallas facilities since 2006.
Combined annual revenues from all three agreements are
expected to be approximately $24 million, an increase of
about 10 percent from last year.
Gary Stover, president of LGSTX, said, Our 30 years of
experience in managing hub operations for Airborne, Inc. and
DHL have allowed us to develop excellent work processes,
reporting systems and contingency planning. We are pleased to
extend our business relationship with the Postal Service into
2014, and hope to find additional ways to support them in the
For more information, contact:
Quint O. Turner
Chief Financial Officer
Air Transport Services Group, Inc.