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.
- On September 23, 2021, Kuehne+Nagel completed the sale of a 24.9% equity stake in Apex International Corporation to Partners Group, a global private equity firm. Following the transaction, Partners Group will join majority shareholder Kuehne+Nagel Group, one of the world’s leading logistics companies, with a seat on the Apex Board.
- On September 10, 2021, UPS entered into an agreement to acquire Roadie, a technology platform that enables local same-day delivery with operations throughout the U.S. Roadie often provides service for shipments not compatible with the UPS network because of their size and perishable nature, and often because they are in shopping bags without the packaging required to move through the UPS system.
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