UPS has finally managed to offload Coyote Logistics, the burdensome freight brokerage it acquired in 2015, for $1.8bn.
It has agreed to sell the Chicago-based 3PL provider, which works with 100,000 network carriers, managing 10,000 loads a day, to RXO, as it aims to refocus on core business.
Carol Tomé, UPS CEO, said: “As UPS positions itself to become the premium small package provider and logistics partner in the world, the decision …
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