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BAX GLOBAL LAUNCHES CZECH REPUBLIC OPERATIONS   

IRVINE – BAX Global has opened BAX Global Spol. s r.o., a full-service office in Prague, Czech Republic.

The office, which began operations last month, is a full service supplier to BAX's global and local customers, and serves points throughout the entire Czech Republic.

The Czech Republic has 10 million people and is considered one of the most vibrant business centers in the region. The country is a membership candidate to the European Union and is likely to join next year.

Earlier BAX start-ups in the region were stations in Austria and Hungary.

The logistics company has a network of over 500 offices in 123 countries.

CALIFORNIA OVERNIGHT OPENS CALIFORNIA REGIONAL HUB

PHOENIX – Overnight package delivery company California Overnight has opened a new facility in Stockton to better serve the company’s expanding business in Northern California.

The facility will also act as the company’s northern regional hub for packages moving within the Northern California region.

Privately-held California Overnight began operations in 1993 and serves customers throughout California, Arizona, and Nevada.

CARGOLUX EXTENDS SERVICE TO GUADALAJARA

LUXEMBOURG – Cargolux has extended its North American network by initiating service between the carrier’s US West Coast destinations and the Mexican industrial center of Guadalajara.

The company now offers all-cargo service twice per week from Seattle, Portland and San Francisco to Guadalajara via its Los Angeles gateway.

Flights from Los Angeles to Guadalajara depart on Fridays at 5:20 am, arriving at 10:15 am and on Sundays at 13:30 pm, arriving at 18:30 pm, local time.

UPRR TO SPIN-OFF TRUCKING SUBSIDIARIES

OMAHA – The Union Pacific Corp. has decided to spin off its trucking subsidiaries, Overnite Transportation – the country’s fifth-largest stand-alone LTL carrier – and Motor Cargo Industries.

The companies will be sold through an initial public offering, Union Pacific announced Aug. 4.

The company filed a registration statement with the Securities and Exchange Commission relating to the proposed public offering. It hopes to sell 100% of Overnite Corp., the holding company which operates the two motor carriers.

The spin off will be managed by an underwriting group managed by Credit Suisse First Boston and Morgan Stanley & Co., the company said.

This is the second time UP has tried to spin off Overnite Transportation, which it acquired for $1.2 billion in 1987. The railroad cancelled a $500 million IPO in 1998, because of poor market conditions.

It also has turned down several offers for Overnite, including a $300-million all-cash offer in 2000. At that time, Overnite was in the midst of a multi-year battle with the International Brotherhood of Teamsters that culminated in an unfair labor practices strike. It also was recovering from losses suffered in the mid-1990s and heading into an economic downturn.

The company is in a much stronger position today, according to industry analysts.

UP Chairman and CEO Leo Suggs has led a turnaround at the carrier, generating profits despite labor strife and the poor economy.

Overnite was founded in 1935 by trucking legend J. Harwood Cochrane, who left the company after UP bought it and founded regional truckload carrier Highway Express, Richmond, VA.  

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