Air Transport Services Group, Inc. provides air cargo transportation and related services for various customers, including express delivery companies and air freight operators. The company operates a fleet of aircraft and offers solutions such as aircraft leasing, freight handling, and ground services. Through its subsidiaries, ATSG plays a crucial role in the logistics and supply chain industry by supporting both domestic and international cargo operations, ensuring efficient and timely delivery of goods across different markets. Their expertise in aviation and logistics enables them to tailor services to meet the unique needs of their clients, fostering growth in the ever-evolving air transport sector.
Air Transport Services Group, Inc. (NASDAQ:ATSG), a global leader in medium widebody freighter aircraft leasing, air transport operations, and support services, today announced the expiration of the 35-day “go-shop” period under the terms of the previously announced definitive merger agreement, pursuant to which Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, will acquire ATSG for $22.50 per share in cash. The “go-shop” period expired at 11:59 p.m. ET on December 8, 2024.
Air Transport Services Group raised a total of $364,000 in donations during their charity golf series held this year. Proceeds benefit the ATSG Charitable Foundation, which supports causes focused on education, veteran, and wellness programs.
The air freight and cargo industry has been grappling with supply-chain disruptions, a challenging macroeconomic environment, and weaker-than-expected demand. Despite this, the space still has fuel left in the tank. Here are stocks to keep an eye on.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Union Pacific (NYSE:UNP) and its peers.
BALA CYNWYD, Pa., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Air Transport Services Group, Inc. (NASDAQ: ATSG) announced today that its subsidiary Airborne Global Leasing has delivered a Boeing 767-300 converted freighter under a long-term lease agreement with Tbilisi-based CAMEX Airlines. The company expects to deliver a second Boeing 767-300 to CAMEX in 2025 under a separate lease agreement.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the air freight and logistics industry, including GXO Logistics (NYSE:GXO) and its peers.
Let’s dig into the relative performance of Air Transport Services (NASDAQ:ATSG) and its peers as we unravel the now-completed Q3 air freight and logistics earnings season.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the air freight and logistics stocks, including Expeditors (NYSE:EXPD) and its peers.
Air cargo transportation and logistics provider Air Transport Services Group (NASDAQ:ATSG) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 9.9% year on year to $471.3 million. Its non-GAAP profit of $0.13 per share was also 24.4% below analysts’ consensus estimates.
Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2024. Those results, as compared with the same period in 2023, were as follows:
NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Air Transport Services Group, Inc. (NasdaqGS: ATSG) to Stonepeak. Under the terms of the proposed transaction, shareholders of Air Transport will receive $22.50 in cash for each share of Air Transport that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Shares of air cargo transportation and logistics provider Air Transport Services Group (NASDAQ:ATSG)
jumped 27% in the afternoon session after the company agreed to be acquired by investment firm Stonepeak in an all-cash deal valued at approximately $3.1 billion.
The acquisition price represents a 29% premium to the company's closing stock price before any news or speculation of the acquisition was known.
BALA CYNWYD, Pa. , Nov. 04, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Air Transport Services Group, Inc. (NASDAQ: ATSG) to Stonepeak for $22.50 per share in cash is fair to Air Transport shareholders.
