RXO Acquires Coyote Logistics from UPS for $1.025 Billion

TXO Adds AirWay Group in US Expansion

April 8, 2025

Telecommunications

TXO, a PE-backed global technology lifecycle services platform, has acquired the AirWay Group to expand its North American presence and broaden lifecycle management, staging, logistics, and network engineering capabilities. AirWay — which operates an R2/ISO-certified facility in Hebron, Kentucky and serves more than 250 telecom and broadband customers worldwide — will operate under the AirWay name while integrating with TXO's global platform.

Cox Transportation Services Acquires Outwest Express

December 21, 2022

Transportation

Cox Transportation Services has acquired Outwest Express, a Texas-based truckload carrier specializing in Mexican cross-border logistics, adding more than 400 tractors and 1,200 trailers to Cox's network. The deal was completed alongside a majority recapitalization of Cox led by Expedition Capital Partners and Prudential Private Capital to support continued platform growth.

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 UTXL, Inc.

June 1, 2021

Logistics & Distribution

Knight-Swift Transportation Holdings Inc. acquired 100% of UTXL, Inc., a Kansas City-based third-party logistics and truckload brokerage firm, for approximately $22.5 million. The deal expands Knight-Swift’s logistics and brokerage capabilities while preserving UTXL’s brand and independent operations and includes customary working capital adjustments and escrowed/deferred consideration.

Jones Logistics Acquires Nationwide Express

February 2, 2023

Logistics & Distribution

Jones Logistics (a portfolio company of Jones Capital) has acquired Nationwide Express, a Central Tennessee-based provider of dedicated trucking, warehousing, 3PL, recycling transportation and waste management services. The deal expands JoLo’s geographic footprint across the Southeast and enhances its service offerings (warehousing, intermodal and managed transportation), increasing the combined company's scale and capabilities.

GXO Logistics Acquires PFSweb

October 23, 2023

Logistics & Distribution

GXO Logistics (NYSE: GXO) completed the acquisition of PFSweb, a U.S.-based tech-enabled eCommerce order fulfillment provider, via a tender offer and second-step merger. The deal values PFSweb at approximately $181 million equity ($7.50 per share), expands GXO's capabilities in high-touch eCommerce fulfillment (including payments, fraud protection and customer care) and broadens its exposure to cosmetics, luxury and other premium verticals.