Reported 8 months ago
United Parcel Service (UPS) has sold its truckload brokerage business Coyote Logistics to RXO, Inc. for $1.025 billion. This sale allows UPS to focus on becoming the leading small package provider and logistics partner globally. Analysts from Barclays, Jeffries, and Bloomberg Intelligence provide insights on the deal's favorable valuation, commercial perspective, and the significant scale enhancement it brings to RXO as the third-largest broker in the US.
Source: YAHOO