History
The WTC Air Freight Company is now part of the BAX Global conglomerate. It was acquired in 1987 by the Burlington Northern Air Freight; which is how BAX was known at that time. The company originally opened for business in ten cities in the United States on June 15, 1972, as Burlington Northern Air Freight, Inc. (BNAFI), a subsidiary of Burlington Northern Railroad. In 1982, BNAFI was acquired by the Pittston Company, which later became Brink's. In 1986, BNAFI changed its name to Burlington Air Express, repositioning itself as an overnight air express company. In 1997 the company changed its name to BAX Global, reflecting its expansion over all continents.
On January 31, 2006, BAX Global was acquired from Brink's by DB Logistics, the Transportation and Logistics Division of Deutsche Bahn, for $1.1 billion.
Burlington Air Express had a dedicated fleet of aircraft owned and operated by Air Transport International (ATI), a sister company also owned by Brinks. At the time of the sale of BAX Global to DB Logistics, ATI was sold to Cargo Holdings International. Cargo Holdings International is still under contract with BAX Global to provide dedicated lift.
In July 2011 Schenker Inc. (DB Schenker Logistics) announced it would give up its domestic airfreight activities in the USA, Canada and Mexico and therefore would stop using the remaining fleet of 20 aircraft in the coming week. The cargo will then be moved by trucks. This decision will affect 700 employees and represents 10% of the Schenker Inc. business in this area.
Read more about this topic: BAX Global
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