INFOline for January 28, 2016
Good afternoon, everyone. This is Eric Plas with the ABX Air INFOline for January 28, 2016.
The 2015 Safety Summary has been completed and will be presented soon. Portions of the summary also will be published to appropriate stakeholders in the 1st Quarter's SafetyLine and Safety Connection newsletters. There is still time to nominate employees for the Quarterly Safety Award. The nomination form is located on the Safety Web, but email narratives are also acceptable.
Revision 2 of the Safety Management System Implementation Plan has been submitted to our Certificate Management Team for endorsement to AFS-900. Once the implementation plan is approved, we will submit the SMS Manual for acceptance and begin SMS training for all Employees. Also, the DOD (Department of Defense) audit has been scheduled for 6-10 June, so please keep those dates in mind when planning Paid Time Off if you are an involved employee. The DOD checklists have been sent to the VP's, Manager of Ground Operations and other safety, maintenance, and flight compliance managers.
Our on-time service performance for DHL for the month of January so far, subject to verification, is 98.40%. Tentatively, we ended December with an on-time performance of 97.84%. Similarly, for the fourth quarter of 2015, we ended at 97.62% on time performance, subject to verification.
The Payroll Department is preparing our W-2 tax forms and these forms will be distributed no later than Monday, February 1 as January 31 falls on a Sunday. Active employees will have their W-2s distributed at work, while former employees will have their W-2s sent via U.S. Mail to the address of record.
Payroll will reprint replacement W-2s beginning February 8, so please wait until then before requesting a replacement. Former employees who need to update their address should do so with Human Resources before requesting replacement.
February 22 through February 27 is America Saves Week. This is a once-a-year national campaign encouraging working Americans to focus on saving for their retirement. This year's theme is the power of 1%. Beginning February 2, Fidelity Investments will email or direct mail information about how saving 1% more can make a big impact on your retirement income. Be sure to look for these messages and consider increasing your 401(k) deduction by 1%. You can change your 401(k) deduction at www.401k.com.
In related information Fidelity advises that when 401(k) markets get choppy, it pays to have a plan for your investments, and to stick to it. Fidelity Investment has Six Strategies for Volatile Markets in the latest Fidelity Viewpoints which is available online on the ABX Benefits website at www.myabx.com/benefits. It's worth a read.
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) said that it has entered into a definitive agreement to acquire privately held Southern Air Holdings, Inc., a premier provider of intercontinental and domestic air cargo services, in an immediately accretive, all-cash, debt-free transaction valued at approximately $110 million. The transaction is subject to customary closing conditions and approval by the U.S. Department of Transportation, and is expected to close in the next few months.
Southern Air is the parent company of Worldwide Air Logistics Group and its two operating subsidiaries, Southern Air, Inc. and Florida West International Airways, Inc.
That is all for this week’s INFOline. Thank you for all you do to make ABX Air a success. Take care.