RXO to take over Coyote Logistics after UPS enters into agreement over sale
UPS has announced today it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion. Chicago-based Coyote Logistics is described by UPS as a “leading global third-party logistics (3PL) provider”. The company is working with 100,000 network carriers and manages 10,000 loads per day.