BAX GLOBAL BOOSTS PROFIT IN THIRD QUARTER

BAX GLOBAL BOOSTS PROFIT IN THIRD QUARTER    BAX Global reported a major improvement in profitability and a 12-percent jump in revenues for the third quarter. Operating profit in the latest quarter amounted to $10.6 million, the company’s best quarterly profit in nearly three years, as compared to an operating deficit of $10.9 million in the third quarter of 2001.
   BAX Global’s third-quarter revenues increased to $483.3 million, from $431.3 million last year.
   A subsidy of $3.7 million under the Air Transportation Safety and System Stabilization Act was included in the latest results.
   Revenue for the third quarter increased 6 percent in the Americas region. This was the first year-over-year quarterly increase in the Americas region since the first quarter of 2000. International revenue in the quarter was up 20 percent, largely due to increased activity in the Asia Pacific region.
   BAX Global is owned by the Richmond, Va.-based Pittston group.
Upcoming FreightWaves Events
Fraud & Security

Freight Fraud Symposium

Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.

May 20, 2026
Rock & Roll Hall of Fame • Cleveland, OH
Register Now
AI & Technology

Supply Chain AI Symposium

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

July 15, 2026
The Old Post Office • Chicago, IL
Register Now
Rail & Policy

Future of Rail Symposium

Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.

July 28, 2026
The Signal at Chattanooga Choo Choo • Chattanooga, TN
Register Now
Fraud & Security Freight Fraud Symposium May 20 • Cleveland, OH

Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.

Rock & Roll Hall of Fame • Cleveland, OH Register Now
AI & Technology Supply Chain AI Symposium Jul 15 • Chicago, IL

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

The Old Post Office • Chicago, IL Register Now
Rail & Policy Future of Rail Symposium Jul 28 • Chattanooga, TN

Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.

The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now