Industry Update: Air Freight & Logistics

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.

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