Industry Update: Air Freight & Logistics
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Air Freight & Logistics industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On November 6, 2023, UPS completed the acquisition of MNX Global Logistics, a global time-critical logistics provider. The acquisition of MNX expands UPS’s capabilities of time-critical logistics, especially for healthcare customers in the US, Europe, and Asia. The company’s expertise in transporting radiopharmaceuticals and temperature-sensitive products will compliment UPS Healthcare and its clinical trial logistics subsidiary, Marken.
- On February 7, 2024, Radiant Logistics, Inc., a leading provider of technology-enabled global transportation and value-added logistics solutions, announced it acquired Select Logistics, Inc. and Select Cartage, Inc., both Doral, Florida based, privately held companies that have operated as part of the Company’s Adcom Worldwide brand since 2007.
Past Industry Updates
Air Freight & Logistics: November 2023
Air Freight & Logistics: June 2023
Air Freight & Logistics: February 2023