Toledo-Lucas County Port Authority Statement - BAX Global:
We are incredibly disappointed to learn that our partner for more than 20 years - BAX Global, a subsidiary of D.B Schenker Logistics (a German-based company) - will be phasing out of its U.S. dedicated air fleet and transitioning from operating its own air fleet to a non fixed-base model.
Toledo Express has a strong background in the global cargo market and it is the desire of the Toledo-Lucas County Port Authority to continue cargo operations absent of BAX Global. The Port Authority continues to actively pursue various activities and opportunities relative to cargo development at Toledo Express. We believe the combination of the experienced existing workforce and the logistical advantages of the Toledo region and Toledo Express provide a strong framework for these activities.
The Port Authority lease agreement with BAX Global, guaranteed by D.B. Schenker, is effective through September 2013. In the coming weeks, the Port Authority will determine the impact this will have on Port Authority operations.
Paul L. Toth, CEO
Toledo-Lucas County Port Authority