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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