Reported 8 months ago
UPS Inc. (NYSE:UPS) announced the sale of its truckload brokerage business Coyote Logistics to RXO (NYSE:RXO) for $1.025 billion. Following UPS's strategic decision to focus on its core business, the sale of Coyote Logistics allows for a greater emphasis on UPS's small package services. This move comes after UPS acquired Coyote Logistics for $1.8 billion in 2015 and marks a significant development in UPS's strategic realignment.
Source: YAHOO