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 September 13, 2023, TFI International announced the acquisition of Vedder Transportation Group, which specializes in the tank truck transport of food-grade liquids and dry bulk commodities. Terms of the deal were not disclosed.
• On September 28, 2023, UPS announced that it entered into an agreement to  acquire MNX Global Logistics (MNX), a global time-critical logistics provider. MNX’s capabilities in radio-pharmaceuticals and temperature-controlled logistics will help UPS Healthcare and its clinical trial logistics subsidiary  Marken meet the growing demand for these services in the healthcare industry.

Past Industry Updates

Air Freight & Logistics: June 2023

Air Freight & Logistics: February 2023

Air Freight & Logistics: November 2022