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

NPD Logistics Acquires Urban Direct

July 27, 2026

Logistics & Distribution

NPD Logistics, a national logistics and supply chain solutions provider, has completed its acquisition of Urban Direct, a New York City-based Priority Overnight shipping company specializing in 10:30 a.m. next-day delivery. Urban Direct is being fully integrated into NPD Logistics, adding time-critical delivery capability and strengthening NPD’s presence in dense metropolitan markets.

Nippon Express Holdings to Acquire Metro Supply Chain Group

April 24, 2026

Transportation

Nippon Express Holdings, Inc. (NX Group) has entered an agreement to acquire 100% of Metro Supply Chain Group Inc., a third-party logistics provider based in Montreal. The deal is valued at CAD 1.8 billion on an enterprise value basis, with potential earn-out payments of up to CAD 400 million tied to performance targets.

Nippon Express Holdings Acquires Metro Supply Chain Group for Up to CAD 2.2B

April 17, 2026

Transportation

Nippon Express Holdings (NX Group) agreed to acquire all shares of Metro Supply Chain Group Inc., a Montreal-headquartered third-party logistics (3PL) provider, in a deal valued at CAD 1.8 billion enterprise value plus potential earnout payments up to CAD 400 million. The transaction is expected to close in the coming months, subject to regulatory approvals. NX Group expects the acquisition to expand its North American footprint and enhance end-to-end logistics capabilities while Metro keeps its Montreal HQ and management team.

Seino Holdings Acquires Majority Stake in Mitsubishi Electric Logistics (Renamed MD LOGIS)

October 1, 2024

Logistics & Distribution

Seino Holdings acquired 66.6% of Mitsubishi Electric Logistics Corporation from Mitsubishi Electric Corporation and the company was renamed MD LOGIS CORPORATION. Following the share transfer, Seino holds 66.6% of voting rights and Mitsubishi Electric retains 33.4% as an equity-method affiliate.

UPS Acquires MNX Global Logistics (Quad-C Exit)

November 6, 2023

Logistics & Distribution

Quad-C Management has closed the sale of its investment in MNX Global Logistics to UPS. MNX is a U.S.-based time-critical logistics provider focused on life sciences, medical device and healthcare shipments, as well as mission-critical parts and just-in-time industrial and automotive supply chains.

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.