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 June 4, 2021, XPO Logistics, Inc. completed the acquisition of the remaining 3.5% of XPO Logistics Europe SA for approximately $128 million. XPO had previously attempted the sell the European unit for $4.5 billion in 2020.
• On May 12, 2021, C.H. Robinson further expanded its European road transportation presence with the acquisition of Combinex Holding B.V. Combinex is one of the fastest growing forwarders in the Benelux region
  (Western Europe), specialized in transport services for dry, fresh and
  frozen goods.
• On April 28, 2021, Forward Air Corporation announced that it has entered
  into an agreement to acquire the assets of JP Hall Express for
  approximately $7.4 million. J&P Hall Express is a privately held expedited
  transportation provider that generates approximately $15.8 million in
  annual revenue.

Past Industry Updates