Skip to content
Search AI Powered

Latest Stories

UPS to acquire time-critical logistics provider MNX Global Logistics

Private equity-owned California firm serves biopharmaceutical, life sciences, high-tech, medical device, aviation, and financial industries.

UPS Midnight_1440x752.jpeg

UPS Inc. is expanding its capabilities in logistics solutions for healthcare industries such as radio- and bio-pharmaceutical products, announcing today that it has agreed to acquire MNX Global Logistics, a California-based time-critical logistics provider.

According to UPS, the acquisition will bring more precision and capability to UPS customers in healthcare and related industries who rely upon time-sensitive, often life-impacting logistics solutions. 


Terms of the deal were not disclosed, but MNX is owned by the private equity firm Quad-C Management Inc., which bought the company in 2021 from its previous owner, Audax Private Equity.

MNX said its 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. UPS acquired Marken in 2016 in a move to gain market share in life sciences areas like clinical trials material storage and distribution.

According to MNX, its clients include multinational companies in the biopharmaceutical, life sciences, high-tech, medical device, aviation, and financial industries, who use it for safe and securely deliver of high-value, time and temperature-sensitive shipments around the world. MNX serves 190 countries and territories with services including Next Flight Out (NFO), Air Charter, On-Demand Courier, Managed Transportation, Service Parts Logistics (SPL) and Specialty Freight.

 

 

 

Recent

More Stories

AI image of a dinosaur in teacup

The new "Amazon Nova" AI tools can use basic prompts--like "a dinosaur sitting in a teacup"--to create outputs in text, images, or video.

Amazon to release new generation of AI models in 2025

Logistics and e-commerce giant Amazon says it will release a new collection of AI tools in 2025 that could “simplify the lives of shoppers, sellers, advertisers, enterprises, and everyone in between.”

Benefits for Amazon's customers--who include marketplace retailers and logistics services customers, as well as companies who use its Amazon Web Services (AWS) platform and the e-commerce shoppers who buy goods on the website--will include generative AI (Gen AI) solutions that offer real-world value, the company said.

Keep ReadingShow less

Featured

Logistics economy continues on solid footing
Logistics Managers' Index

Logistics economy continues on solid footing

Economic activity in the logistics industry expanded in November, continuing a steady growth pattern that began earlier this year and signaling a return to seasonality after several years of fluctuating conditions, according to the latest Logistics Managers’ Index report (LMI), released today.

The November LMI registered 58.4, down slightly from October’s reading of 58.9, which was the highest level in two years. The LMI is a monthly gauge of business conditions across warehousing and logistics markets; a reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
chart of top business concerns from descartes

Descartes: businesses say top concern is tariff hikes

Business leaders at companies of every size say that rising tariffs and trade barriers are the most significant global trade challenge facing logistics and supply chain leaders today, according to a survey from supply chain software provider Descartes.

Specifically, 48% of respondents identified rising tariffs and trade barriers as their top concern, followed by supply chain disruptions at 45% and geopolitical instability at 41%. Moreover, tariffs and trade barriers ranked as the priority issue regardless of company size, as respondents at companies with less than 250 employees, 251-500, 501-1,000, 1,001-50,000 and 50,000+ employees all cited it as the most significant issue they are currently facing.

Keep ReadingShow less
photo of worker at port tracking containers

Trump tariff threat strains logistics businesses

Freight transportation providers and maritime port operators are bracing for rough business impacts if the incoming Trump Administration follows through on its pledge to impose a 25% tariff on Mexico and Canada and an additional 10% tariff on China, analysts say.

Industry contacts say they fear that such heavy fees could prompt importers to “pull forward” a massive surge of goods before the new administration is seated on January 20, and then quickly cut back again once the hefty new fees are instituted, according to a report from TD Cowen.

Keep ReadingShow less
diagram of blue yonder software platforms

Blue Yonder users see supply chains rocked by hack

Grocers and retailers are struggling to get their systems back online just before the winter holiday peak, following a software hack that hit the supply chain software provider Blue Yonder this week.

The ransomware attack is snarling inventory distribution patterns because of its impact on systems such as the employee scheduling system for coffee stalwart Starbucks, according to a published report. Scottsdale, Arizona-based Blue Yonder provides a wide range of supply chain software, including warehouse management system (WMS), transportation management system (TMS), order management and commerce, network and control tower, returns management, and others.

Keep ReadingShow less