Two years ago Pittston changed its name to The Brink's Company. The Brink's Company now has three subsidiaries: Brink's Inc., Brink's Home Security, and BAX Global. Not too difficult to see who's the odd one out? Brink's being synonimous with security it looks natural that at the right time and for the right price BAX will be sold. The only questions are when, to whom, and for how much?
sad thing is, even w the planes full, market pricing will not enable profits. IF it were not for the export biz and foreign exchange rate, BAX would still be in serious trouble. BAX U.S. is still losing $$ accoring to their latest q1 report ..q2 should be out soon.
Granted .. they are doing much better than when Campbell and crew nearly took BAX to BK. A substantial recovery for sure that (should be applauded)after the former BAX Exec was brought back in 2001 to run it
THE air piece needs new planes, and at 75 cents per pound coast-to-coast.. a clear negative ROI ... but U.S. 2-3 day ground frt svc is a money maker .. fuel looms as a huge concern also ..
Will be interesting to see what happens.. I predict 4/5 major airlines in BK in 1 yr and BAX U.S. whether sold or not, will become a non-asset based company if they are to survive.. unless they can get the mkt to pay the $1.25 per lb needed to make money I just do not see this happening Thanks Maverick
I know that several years ago Deutsch Post was seriously looking at BAX (just before the Airborne acquisition) but did not take any action at the time. BAX has emerged from its quarterly losses and has become profitable and suspect that D.P. may take another look. Now that UPS has Menlo and FEDEX having its own heavyweight division, D.P. still makes the most sense. The other company that has expressed an interest in BAX is the Yellow-Roadway company that could integrate BAX with the Exact Express services. I know that BAX currently moves Exact volume for Yellow on a daily basis.
Aint happening. Every now and again, something comes across to get something out to cover anouther angle somewhere. BAX is NOT for sale.
Also, there was anouther post a while back about the locals of some BAX offices being far from airports. Some are, some aren't. It is a hub and spoke system. Not like American, but more like Southwest. Easiest thing I can come up with. For more info, see the Sea-Tac vs BFI report with southwest airlines thing. That will give you your answers.