Kitty Hawk to Halt Ground Operations

October 30, 2007 by Splatty  
Filed under Air Cargo, Misc Logistics

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Big news on the domestic cargo front today as Kitty Hawk announced that they will halt ground operations and cut 500 jobs. Kitty Hawk, which declared bankruptcy on October 15th, cited a weakening demand for air freight and a 15 percent decrease in ground services as reasons for ceasing operations.

I’m sure the announcement has left many forwarders and shippers scrambling for alternate trucking options. A forwarder I once worked for utilized Kitty Hawk’s services to truck product to their main export hubs for international airfreight.

Not surprisingly, shares of Forward Air surged on the news.

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