BAX Global Inc., a division of German transportation giant DB Schenker, announced Friday that it will close its U.S. air hub at Toledo Express Airport and shed its fleet of leased planes as part of what it is calling a “strategic realignment” of its North American business model. About 700 jobs, mostly part-time, will be affected, the company said. Some employees will be given an opportunity to “redeploy to other parts of our business,” the company said. Heiner Murmann, chief executive officer of Schenker, said in a statement: “We deeply regret that there will be some layoffs as part of...