
Shares of Air Transport Services Group fell 16 percent in morning trading after the company warned that it expects reduced business from its second-largest customer. The Wilmington-based cargo carrier said it received notice from DB Schenker, a transportation and logistics firm, that it is phasing out the dedicated air-cargo network supported by our ATSG subsidiaries. "While we are continuing to evaluate that notice in the context of our other communications with DB Schenker, we expect a reduction in our role as a provider of main-deck freighter lift for DB Schenker in North America," CEO Joe Hete said...

Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/ILlKG-CEnNI/air-transport-services-shares-dive.html
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