UPS sells Coyote Logistics to RXO for $1 billion, focusing on core package delivery business.

From Investing.com: 2024-06-23 14:20:36

UPS has announced the sale of its Coyote Logistics unit to RXO for $1 billion. Coyote Logistics is a third-party logistics provider that was acquired by UPS in 2015. The sale is part of UPS’s strategy to focus on its core package delivery business. RXO plans to operate Coyote as a standalone entity.



Read more at Investing.com: UPS announces sale of Coyote Logistics unit to RXO for $1 billion