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Logisitcs US

UPS acquiring MNX Global Logistics

Adhikansh Gupta

• 1 min read
UPS acquiring MNX Global Logistics

UPS is acquiring MNX Global Logistics, a global logistics provider, to meet the growing demand for time-critical and temperature-controlled services in the healthcare industry. The terms of the deal were not disclosed, but it is expected to close by the end of the year. MNX CEO John Labrie believes that joining UPS will allow his company to provide the best possible service to customers. In other news, used truck prices were flat from July to August but are down 26% from August 2022. Class 8 used-truck sales have rebounded in August after a decrease in July, with retail sales volumes jumping 12%. The disposal of equipment from Yellow's bankruptcy is being handled, with buyers sought for the trucks and trailers. The Brandt Group of Companies announced that Pinnacle Trailer Sales has joined its dealer network.

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Frequently Asked Questions

1. What is the acquisition of MNX Global Logistics by UPS?

UPS is set to acquire MNX Global Logistics, a time-critical logistics provider. This acquisition allows UPS to enhance its services and capabilities in the time-critical logistics sector.

2. What are the specialized services offered by MNX Global Logistics?

MNX Global Logistics specializes in global trade compliance services and can coordinate customs clearances for shipments through multiple countries.

Unfortunately, there are no specific FAQs available regarding this acquisition. For more information, we recommend visiting the official websites of UPS and MNX Global Logistics or contacting their customer service.

4. Is there further information available about UPS and MNX Global Logistics?

For more details about UPS and MNX Global Logistics, consider visiting their official websites:

  • UPS Newsroom - Get the latest news from UPS, including the announcement of the acquisition of MNX Global Logistics.
  • MNX Global Logistics Services - Learn more about MNX Global Logistics' global trade compliance services.

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