ABX Air parent Air Transport Services Group reported first-quarter net income of $11.1 million, a nearly threefold increase from a $3.8 million profit in the year-ago period, as the loss of a good portion of its DHL business led to expense cuts that outpaced lost revenue. DHL, for which ABX provides US air lift, ceased domestic US service on Jan. 30 (eliminating more than 1 million daily air shipments) and is planning to move the hub for sorting its remaining international shipments from ...

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