Industry Update: Air Freight & Logistics

Industry Highlights

  • On October 5, 2020, Forward Air announced it had entered into an agreement to acquire the assets of Value Logistics, Inc. as part of its inorganic growth strategy for $2.25 million. The acquisition of Value Logistics makes Forward Air a leading provider of intermodal drayage in the Memphis market, a key expansion in the Company’s strategic growth plan.
  • On December 2, 2020, FedEx Corp. announced that it has agreed to acquire ShopRunner, the e-commerce platform that directly connects brands and merchants with online shoppers. ShopRunner’s capabilities will complement and expand the FedEx e-commerce portfolio and are expected to create increased value for brands, merchants, and consumers.

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