ABX's third quarter 'disappointing'; will settle DHL dispute via arbitration

ABX Air posted third-quarter net income of $2.4 million, down 63.4% from a net profit of $6.6 million in the year-ago quarter, and said it has agreed to arbitration to resolve its dispute with DHL over reimbursement of expenses related to its contract flying for the express delivery giant. The Wilmington, Ohio-based cargo airline, which earlier this month agreed to acquire Orlando-based Cargo Holdings International (ATWOnline, Nov. 5), is trying to grow its non-DHL business while still ...