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BUSINESS
May 14, 1998 | Dow Jones
BAX Global Inc. in Irvine said it has completed its acquisition of privately held Air Transport International LLC. In February, BAX Global reported that it agreed to buy Air Transport for less than $30 million, but no updated financial terms were disclosed. Air Transport, based in Little Rock, Ark., operates freight and passenger aircraft, including a certified fleet of DC-8 jets that provides service to air freight giant BAX Global and other customers. U.S.
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BUSINESS
November 17, 2005 | From Associated Press
Brink's Co., known for its armored-vehicle services, said it had agreed to sell its Irvine-based BAX Global freight-shipping division to German railroad Deutsche Bahn for $1.1 billion. The all-cash deal would let Richmond, Va.-based Brink's concentrate on security services. For years, the company has been narrowing its focus, starting with leaving the coal business. BAX Global's operating profit soared to $56.2 million last year from $3 million in 2003, while the unit's revenue rose 22% to $2.
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BUSINESS
June 15, 1998 | Dow Jones
Bax Global's unit in India acquired Overseas Cargo Services India Pvt. Ltd., a customs clearance company based in Dehli, India. Terms weren't disclosed. Bax said Overseas Services specializes in helping customers in the telecommunications and electronic sectors. Irvine-based Bax Global provides cargo management services.
BUSINESS
November 10, 2005 | From Reuters
Germany's national rail operator Deutsche Bahn is planning a $1.12-billion offer for Irvine-based logistics company BAX Global, with Bahn's supervisory board expected to vote on the bid Saturday, sources said. "The supervisory board will be presented on Saturday with a bid in the amount of $1.12 billion," one source close to the negotiations told Reuters on Wednesday. Another source said Deutsche Bahn was in exclusive talks to acquire BAX Global and could buy the business, a unit of U.S.
BUSINESS
May 13, 1998
Moving to strengthen its Asia/Pacific business, air freight giant BAX Global Inc. said Tuesday it has acquired a controlling interest in its South Korean agent, Borim Express Ltd. The new entity will be named BAX Global Korea Co. Ltd. after the deal takes effect later this month, according to Irvine-based BAX Global. Borim Express, which is based in Seoul, has been BAX Global's exclusive agent in South Korea since 1989 and is a major forwarder in the market.
BUSINESS
November 8, 2005 | From Reuters
Germany's national rail operator, Deutsche Bahn, plans to buy U.S. logistics firm BAX Global, a unit of security group Brink's Co., for as much as 1 billion euros ($1.2 billion) to boost its global coverage, sources at Deutsche Bahn said. Buying Irvine-based BAX Global would boost Deutsche Bahn's U.S. competitiveness and strengthen its logistics arm Schenker by adding air and sea transport from the United States to Europe and Asia, pressuring rivals such as Deutsche Post and Kuehne & Nagel.
BUSINESS
January 19, 1999 | JOHN O'DELL, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
Irvine's BAX Global says it has signed a two-year contract worth millions of dollars to provide air shipment services for Philips Electronics N.V. The pact calls for BAX (formerly Burlington Air Express) to handle Philips' heavyweight air shipments throughout the U.S., Canada and Mexico. BAX also is to provide air charter services in the region for the Netherlands-based company, one of the world's largest electronics firms.
BUSINESS
November 10, 2005 | From Reuters
Germany's national rail operator Deutsche Bahn is planning a $1.12-billion offer for Irvine-based logistics company BAX Global, with Bahn's supervisory board expected to vote on the bid Saturday, sources said. "The supervisory board will be presented on Saturday with a bid in the amount of $1.12 billion," one source close to the negotiations told Reuters on Wednesday. Another source said Deutsche Bahn was in exclusive talks to acquire BAX Global and could buy the business, a unit of U.S.
BUSINESS
December 23, 1997 | PATRICE APODACA, TIMES STAFF WRITER
Air freight giant BAX Global Inc. has agreed to acquire privately held Distribution Services Ltd. for $76 million as part of its strategy of expanding its worldwide services. Irvine-based BAX, formerly Burlington Air Express, is best known for handling air shipments for big corporate customers including General Motors, Rockwell International and TRW. But lately BAX has been expanding more heavily into ocean freight and logistics management.
BUSINESS
November 17, 2005 | From Associated Press
Brink's Co., known for its armored-vehicle services, said it had agreed to sell its Irvine-based BAX Global freight-shipping division to German railroad Deutsche Bahn for $1.1 billion. The all-cash deal would let Richmond, Va.-based Brink's concentrate on security services. For years, the company has been narrowing its focus, starting with leaving the coal business. BAX Global's operating profit soared to $56.2 million last year from $3 million in 2003, while the unit's revenue rose 22% to $2.
BUSINESS
November 8, 2005 | From Reuters
Germany's national rail operator, Deutsche Bahn, plans to buy U.S. logistics firm BAX Global, a unit of security group Brink's Co., for as much as 1 billion euros ($1.2 billion) to boost its global coverage, sources at Deutsche Bahn said. Buying Irvine-based BAX Global would boost Deutsche Bahn's U.S. competitiveness and strengthen its logistics arm Schenker by adding air and sea transport from the United States to Europe and Asia, pressuring rivals such as Deutsche Post and Kuehne & Nagel.
BUSINESS
March 31, 2000
* Greg Montgomery, a former BAX Global president, has joined Union-Transport as president of North America. Rancho Dominguez-based Union-Transport is one of the world's leading supply-chain services providers, air and ocean freight forwarders and customs brokers. * PlanetLingo Inc., a Los Angeles-based Internet provider of spoken-language services, has appointed John Feenie, a former Walt Disney Co. executive vice president in charge of China affairs, as its president and chief executive.
BUSINESS
November 9, 1999
* Doug Faber has been named vice president, U.S. Western division for Irvine-based Bax Global Inc. He was previously vice president, purchased transportation. Before joining Bax, Faber was a founding partner of Spectrum Logistics Inc. In addition, Peter Gruettner has been appointed vice president of Ocean Services. Before joining the company, he was president of Ecu-Line-USA, and president of Conterm-USA.
BUSINESS
February 14, 1999
* James Schutzenhofer has joined BAX Global's U.S. organization in Irvine as a divisional vice president. Schutzenhofer has responsibility for operations, sales and finance in the South Central U.S. division. He was previously vice president of operations at Roadway Global Air, president of Next Day Motor Freight and was with Emery Worldwide for 21 years. * Ronald R. Williamson has been named tax partner of Squar, Milner & Reehl LLP in Newport Beach.
BUSINESS
January 19, 1999 | JOHN O'DELL, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
Irvine's BAX Global says it has signed a two-year contract worth millions of dollars to provide air shipment services for Philips Electronics N.V. The pact calls for BAX (formerly Burlington Air Express) to handle Philips' heavyweight air shipments throughout the U.S., Canada and Mexico. BAX also is to provide air charter services in the region for the Netherlands-based company, one of the world's largest electronics firms.
BUSINESS
June 15, 1998 | Dow Jones
Bax Global's unit in India acquired Overseas Cargo Services India Pvt. Ltd., a customs clearance company based in Dehli, India. Terms weren't disclosed. Bax said Overseas Services specializes in helping customers in the telecommunications and electronic sectors. Irvine-based Bax Global provides cargo management services.
BUSINESS
October 12, 1997 | Dow Jones
BAX Global said it has received a three-year contract from England's GKN Westland Ltd. to provide air freight shipping services. Financial terms were not disclosed. BAX, formerly Burlington Air Express, said it will provide both inbound and outbound services for GKN and will have two staff members in GKN's shipping office in England. BAX provides logistics management and global freight transportation services. GKN Westland manufactures helicopters.
BUSINESS
October 8, 1997 | John O' Dell, John O'Dell covers major Orange County corporations and manufacturing for The Times
Air freight giant Burlington Air Express has changed its name to BAX Global, a switch the Irvine-based company says will better reflect its increasingly international orientation. The new name also downplays the air freight aspect of the company's business. While still one of the world's biggest freight forwarders, BAX also is a major logistics company, providing inventory and supply system management, warehousing and ground, sea and air shipment services for a variety of corporate clients.
BUSINESS
May 28, 1998 | Patrice Apodaca
C. Robert Campbell has been named president and chief executive of Bax Global Inc., an Irvine-based cargo transport and logistics management concern. The transportation industry veteran will join the company June 8 as part of a restructuring intended to decentralize management of the operating units of Bax's parent, Pittston Co. Previously, Bax's chief executive was also the CEO of Pittston. Campbell, 53, spent 21 years at the truck leasing company Ryder System Inc.
BUSINESS
May 14, 1998 | Dow Jones
BAX Global Inc. in Irvine said it has completed its acquisition of privately held Air Transport International LLC. In February, BAX Global reported that it agreed to buy Air Transport for less than $30 million, but no updated financial terms were disclosed. Air Transport, based in Little Rock, Ark., operates freight and passenger aircraft, including a certified fleet of DC-8 jets that provides service to air freight giant BAX Global and other customers. U.S.
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