MNX Global Logistics Corp (“MNX”) is a global time-critical and temperature-sensitive logistics provider. Originally known as Midnight Express (then later, Midnite Air Corp), the company was...
MNX Global Logistics Corp (“MNX”) is a global time-critical and temperature-sensitive logistics provider. Originally known as Midnight Express (then later, Midnite Air Corp), the company was established in Los Angeles, CA in 1983. Over the following decades, MNX acquired several companies and their logistics services expanded into Europe, Asia and Australia. In the 2000s, they rebranded as MNX Global Logistics. Today, their expertise spans across the life sciences, service parts logistics, aviation, and secured transportation industries. MNX handles 1.5M annual shipments each year, boasting a global network of 500 airports and 45k+ couriers across 190 countries and territories. They have more than 20 operation centers. In November 2023, MNX Global Logistics was acquired by United Parcel Services for an undisclosed amount. MNX is headquartered in Long Beach, CA.
United Parcel Service, Inc. (“UPS”) is the world’s premier package delivery company and a leader provider of global supply chain management solutions. UPS offers a broad range of logistics products and services, including transportation and delivery, distribution, ocean freight, air freight, customs brokerage, and insurance. Founded in 1907 in Seattle, WA as the American Messenger Company, the company originally specialized in telegraphs. Since then, UPS has become a Fortune 100 company and one of the world's largest shipping couriers. They operate one of the largest airlines and one of the largest fleets of alternative fuel vehicles. Today, the public company (NYSE: UPS), along with its subsidiaries, handles more than 5.7B packages each year across over 200 countries and territories and employs approximately 536,000 employees. There are now more than 5,500 UPS Stores. In 2023, the company had a market cap of $133.94B and earned $90.95B in revenue. Their total assets exceed $71B. United Parcel Services has an investment grade S&P rating of A and a long-term Moody’s credit rating of A1. They are headquartered in Sandy Springs, GA.