UPS Sells Coyote Logistics to RXO for $1 Billion
The sale marks a strategic move by UPS to concentrate on its core package-delivery services.
- UPS bought Coyote Logistics for $1.8 billion in 2015 and is selling it for $1.025 billion.
- The deal is expected to close by the end of the year, pending regulatory approval.
- RXO's acquisition nearly doubles its annual revenue, making it the third-largest freight broker in North America.
- UPS aims to streamline operations and improve profitability amid challenging economic conditions.
- Coyote Logistics will continue to provide services to UPS under a contract through January 2030.
Investopedia 
Associated Press 
