24.06.2024 04:11:29 - dpa-AFX: UPS To Sell Coyote Logistics Business Unit To RXO For $1.025 Bln
SANDY SPRINGS (dpa-AFX) - United Parcel Service Inc. (UPS) said that it
agreed to sell its Coyote Logistics business unit to RXO Inc., for $1.025
billion.
UPS stated that the decision to sell its Coyote Logistics business enables it to
enhance its focus on its core operations.
Based in Chicago, Coyote Logistics is a global third-party logistics (3PL)
provider, working with 100,000 network carriers and managing 10,000 loads per
day.
The transaction is expected to close by the end of the year.
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