BAX Global
| Bax Global, Inc.
|
|
|---|---|
 |
|
| legal form | Inc. |
| Seat | Irvine ( USA ) |
| management | Joseph L. Carnes ( CEO ) |
| Number of employees | approx.12,000 (2005) |
| sales | 2.4 billion euros (2005) |
| Branch | logistics |
Bax Global, Inc. was an international logistics company based in Irvine , California , which was sold to the Deutsche Bahn Group in 2006 and integrated into its logistics division Schenker AG in 2007 .
history
The later company BAX Global was founded on June 15, 1972 as a cargo airline of the railway company Burlington Northern (BN) under the name Burlington Northern Air Freight, Inc. (BNAFI) and initially offered national transports between metropolitan areas of the USA . In 1982 the Pittston Company , which until then had mainly been a cash transport company, acquired BNAFI.
In 1986, BNAFI adopted Burlington Air Express, the name of its 1980 established division for express general cargo transport (mostly in the “ night jump ”), as the company name, to reflect the concentration on this business area by name. The company had had its own fleet of aircraft since 1985, the hub of which was initially in Fort Wayne and from 1991 in Toledo .
In 1993, Burlington Air Express also took up forwarding activities for international sea freight , which was expanded significantly in the following years. In 1997 the company was renamed again and has been called BAX Global ever since .
Takeover by Deutsche Bahn
On November 16, 2005, the former Pittston Company , operating since 2003 as The Brink's Company , announced that it would sell BAX Global to Deutsche Bahn (DB) for $ 1.1 billion. After the approval of the antitrust authorities, the purchase was completed on January 31, 2006. BAX Global's own aircraft fleet, consisting of Douglas DC-8 and Boeing 727 aircraft , was sold to Cargo Holdings International in the course of this .
The integration of BAX Global into the DB logistics company Schenker was "almost completed" in the 2007 financial year.
In July 2011 it was announced that the air freight service, which had previously been operated with 20 aircraft in North America and Mexico, will be discontinued. The reason was weak economic growth combined with high fuel prices. In the future, this part of the freight should be transported by land.
Individual evidence
- ↑ Background company history on the BAX Global company website. BAX Global, 2001, archived from the original ; accessed on March 1, 2020 (English).
- ^ The Brink's Company to Sell BAX Global for $ 1.1 Billion Press release from The Brink's Company ( November 25, 2005 memento in the Internet Archive ) November 16, 2005
- ↑ Acquisition of BAX Global - Notes for BAX Global and Gift Customers ( Memento of October 7, 2008 in the Internet Archive ) June 22, 2006
- ^ Annual report 2007 of the DB Group. (PDF) Deutsche Bahn AG , 2008, p. 37 , archived from the original ; accessed on March 1, 2020 .
- ↑ Schenker gives up air freight business in the USA (dpa report). airliners.de, July 26, 2011, archived from the original ; accessed on March 1, 2020 .