Aramex Acquires MyUS (Access USA Shipping) for $265M

Nippon Express Acquires MD Logistics and MD Express (U.S.)

September 3, 2020

Logistics & Distribution

Nippon Express Co., Ltd., via its U.S. subsidiary Nippon Express USA, Inc., completed the acquisition of all equity interests in MD Logistics, LLC and MD Express, LLC, making the businesses subsidiaries. MD Logistics is a U.S.-based third-party logistics provider (founded 1996) specializing in pharmaceutical cold-chain warehousing and distribution, with multiple facilities in Indiana and a site in Reno, Nevada and reported roughly $51M revenue for 2019.

UPS Acquires MNX Global Logistics from Quad‑C Management

November 6, 2023

Logistics & Distribution

UPS has completed the acquisition of MNX Global Logistics, a U.S.-based time-critical logistics provider, from private equity firm Quad‑C Management. The deal expands UPS’s time-critical and healthcare logistics capabilities, adding MNX’s expertise in life sciences, medical device shipments and mission-critical parts delivery to UPS’s healthcare and global logistics offerings.

Knight-Swift Acquires U.S. Xpress Enterprises for ~$808M

July 1, 2023

Transportation

Knight-Swift Transportation Holdings agreed to acquire U.S. Xpress Enterprises for a total enterprise value of approximately $808 million, paying $6.15 per share; the transaction was approved by shareholders and closed on July 1, 2023. U.S. Xpress will continue to operate as a separate brand, with the Fuller family rolling over a portion of their equity into an approximately 10% interest in a new Knight-Swift subsidiary holding the business.

U.S. MultiModal Group (ARC) Acquires Larry's Cartage

November 22, 2022

Logistics & Distribution

Larry's Cartage, a Chicago-area drayage and intermodal services provider, was acquired by U.S. MultiModal Group, Inc. The business becomes the sixth drayage operation under ARC's platform (ARC Industries/US MultiModal Group), with ARC and several undisclosed investors taking minority stakes to expand the group's intermodal footprint and provide additional capital.

ShipX Acquires Princeton Logistics Group and TriStar Carriers

May 26, 2022

Transportation

ShipX has acquired Princeton Logistics Group and its subsidiary TriStar Carriers to expand beyond final-mile parcel delivery into first- and middle-mile trucking and broader e-commerce transportation services across North America. The deal brings trucking, middle-mile capacity and local sortation capabilities into ShipX’s tech-enabled delivery platform to offer end-to-end e-commerce shipping solutions.

Allstates WorldCargo Acquires Red Arrow Logistics

June 17, 2025

Logistics & Distribution

Allstates WorldCargo has acquired Red Arrow Logistics, a Seattle-area freight forwarder founded in 2003, to strengthen its Pacific Northwest footprint and expand capabilities in time-sensitive, high-value shipments. Red Arrow will rebrand to Allstates WorldCargo and its CEO Liz Lasater will join Allstates WorldCargo in a senior leadership role to ensure continuity and alignment during integration.