DHL Worldwide Express today will officially inaugurate a hub facility in Panama City.
The hub, a joint venture with DHL Aero Expresso, is located at Tocumen International Airport. The new facility, which has actually been open for several weeks, provides direct aircraft ramp accessibility, mechanized sorting facilities; improved container transfer capabilities; and enhanced security measures, according to Carlos Gamundi, regional aviation manager for DHL. The hub covers 21,111 enclosed square feet and has the capacity to sort up 5,000 pieces an hour.
AMERTRANZ WORLDWIDE HOLDING CORP. said it plans to repurchase up to $1 million of the Baltimore-based company's common stock.
''At its current level, we consider Amertranz common stock to be undervalued,'' said Stuart Hettleman, president and chief executive of Amertranz, which owns Target Air Freight.
RICKENBACKER INTERNATIONAL AIRPORT in Columbus, Ohio, expects to complete a $2 million air cargo terminal by April.
The 67,200-square-foot building, designed to serve freight forwarders, ground handlers and carriers is being constructed on a 6.4 acre site.
''This will be the first building at the airport for air cargo companies requiring smaller amounts of space with their own access to our air field,'' said Bruce Miller, president of Franklin Community Improvement Corp., a private nonprofit entity created by Franklin County's board of commissioners and the Rickenbacker Port Authority.
Carriers serving the airport include United Parcel Service, Federal Express, Arrow Air, Evergreen International Airlines and Polar Air Cargo. The new facility is adjacent to the cargo ramp, which has parking spaces for four 747 freighters.
CONSOLIDATED FREIGHTWAYS said it expects a 60 percent jump this fall in its Primetime Air shipments. CF, based in Menlo Park, Calif., cites rising demand for time-definite options in the retail and high-tech sectors as key factors in peak-season growth.
''Distributors must get products to market in time for holiday consumers. Retailers need quick and reliable delivery on inbound goods for weekend sales. And manufacturers must respond to increased orders while attempting to maintain normal cycle time requirements,'' said Steve Redmond, director of the Primetime Air division for CF, a less-than-truckload carrier and logistics service provider.
Mr. Redmond said the expedited market is growing at an annual rate of 10 percent to 14 percent, with the potential to reach $30 billion by 2000.
Atlas Air said it has entered into an agreement to buy three 747-200 freighter aircraft currently operated by Cargolux. All three of the planes will be delivered to Atlas in the fourth quarter of this year, but two will immediately be leased back to Cargolux under standard contracts covering aircraft, crew, maintenance and insurance.
Michael A. Chowdry, chairman and chief executive of Atlas, which is in the process of buying 10 747-400 freighters from Boeing, said the carrier is also in the market for more secondhand planes. ''As the need for dedicated cargo space continues to grow, we will look for additional attractive opportunities to purchase 747-200 aircraft,'' he said.