STOCK TITAN

LGSTX Services Wins U.S. Postal Service Contract For Orlando Sort Center

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Air Transport Services Group (NASDAQ: ATSG) announced that its subsidiary, LGSTX Services, secured a five-year contract with the U.S. Postal Service to establish a Surface Transfer Center (STC) in Orlando, Florida. This facility will streamline the sorting and consolidation of postal products. LGSTX Services has hired around 150 full-time employees for the center, with potential for more hires as demand increases. The company's experience in managing similar facilities for the Postal Service highlights their capability to meet operational needs and deliver efficient service.

Positive
  • Secured a five-year contract with the U.S. Postal Service for a new Surface Transfer Center in Orlando.
  • Approximately 150 full-time jobs created with potential for future hiring.
  • Experience in managing similar facilities enhances operational efficiency and client trust.
Negative
  • None.

Air Transport Services Group, Inc. (NASDAQ:ATSG) said today that its subsidiary, LGSTX Services, Inc., was recently awarded a five-year contract with the U.S. Postal Service to install and operate a Surface Transfer Center (STC) in Orlando, Fla., where postal products are sorted and consolidated for further distribution.

LGSTX Services has hired approximately 150 full-time employees at the center, with further hiring possible as product volumes increase. The company manages a similar facility for the Postal Service in Aurora, Ill., and has managed several others over the last two decades.

“To be awarded this contract for a second STC is a testament to the level of service the LGSTX team has provided,” said Jim Pradetto, president of LGSTX Services. “Our extensive history of managing these centers for the Postal Service gives us a unique advantage in understanding and anticipating their needs, allowing us to continually deliver the speed and operational support they require.”

About LGSTX Services, Inc.
LGSTX Services specializes in providing material handling equipment and conveyor services, facility maintenance services, aviation ground support equipment services, and distribution services to customers in more than 400 locations worldwide. LGSTX Services offers value driven, high quality solutions to a broad range of corporate clients including commercial businesses, airports, and airlines across the United States. LGSTX Services is a wholly owned subsidiary of Air Transport Services Group, Inc. For more information, please see www.lgstx.com.

About Air Transport Services Group, Inc.
ATSG 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. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.

FAQ

What contract did ATSG's subsidiary LGSTX Services win?

LGSTX Services was awarded a five-year contract with the U.S. Postal Service for a Surface Transfer Center in Orlando, Florida.

How many employees were hired at the new Orlando STC?

Around 150 full-time employees were hired at the new Surface Transfer Center in Orlando.

What is the significance of ATSG's contract with the U.S. Postal Service?

The contract signifies ATSG's continued partnership with the U.S. Postal Service and highlights their operational capabilities.

Where does LGSTX Services currently operate similar facilities?

LGSTX Services manages a similar facility for the U.S. Postal Service in Aurora, Illinois.

Air Transport Services Group, Inc.

NASDAQ:ATSG

ATSG Rankings

ATSG Latest News

ATSG Stock Data

1.05B
65.72M
22.16%
80.77%
4.89%
Airlines
Air Courier Services
Link
United States of America
WILMINGTON