UPS sells Coyote Logistics to RXO for $1bn, boosting RXO's North American logistics presence.
UPS will sell its Coyote Logistics unit to RXO, a transportation and logistics technology company, for $1 billion. The acquisition is expected to increase RXO's presence in the North American logistics market and accelerate its growth. The deal, subject to regulatory approval and other customary closing conditions, is anticipated to expand RXO's customer base and diversify its offerings.
June 23, 2024
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