MNX acquisition of AirNet operations strengthens both parties
February 22, 2012
MNX, a premium global provider of expedited transportation and logistics services said that its acquisition of the Same Day Express/Next Flight Out business of AirNet will strengthen its global operations.
As reported last month in Supply Chain Management Review – a sister publication – AirNet realigned its business focus by launching AirNet Cargo Charter Services.
According to Scott Cannon, MNX CEO, the deal will pay off for both companies.
“We are really trying to leverage our international services here,” he said in an interview. “These acquisitions can’t be timed, however. We just believe that to succeed in this business you just have to keep growing.”
Part of that success has been with the company’s concentration on life sciences. Cannon sees more pent up demand for these commodities in BRIC and emerging nations.
“There’s some potential for reverse logistics in some of the more mature markets as well,” he says.
MNX’s ability to manage complicated shipper needs coupled with AirNet’s high performance airline network and expertise in life sciences transportation will allow MNX to offer shippers transportation options that are faster, more accommodating and more secure, analysts agreed.
“The deal makes a lot of sense for a number of reasons,” said Guy Fox, president and CEO of the consultancy, Guy Fox & Associates. “It plays to the strengths of both enterprises and represents an ideal economy of scale.
Headquartered in Los Angeles, MNX is rapidly emerging as a leading innovator in the expedited transportation and logistics industry. The company’s diverse client base includes global leaders in life sciences, entertainment, aerospace and medical devices industries. The company has offices on four continents, and operates a series of partnerships that extend its network to over 220 countries worldwide.
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