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FarCenter

(19,429 posts) Tue Apr 3, 2018, 08:26 AM Apr 2018

Ryder acquires MXD Group (ecommerce delivery for big/bulky goods, e.g. furniture)

Ryder (NYSE:R) announces the acquisition of e-commerce fulfillment provider MXD Group for a price of ~$120M.

The deal includes 109 MXD e-commerce fulfillment facilities across the U.S. and Canada, including 21 MXD-operated cross dock hubs, 16 dedicated operations, and a network of 72 third-party agent facilities.

The acquisition also includes proprietary order management and visibility technology, which features real-time tracking and a customer service portal for rapid response and resolution.

The company says that it is now the second largest last mile delivery provider of big and bulky goods.

https://seekingalpha.com/news/3343236-ryder-acquires-mxd-group

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