NewsUPS’s $1bn Coyote Logistics sale – a real win for RXO?

June 24, 2024by 0

Sunday deals are rare…
…but yesterday’s disclosure that UPS would sell its non-core Coyote Logistics business for slightly over $1bn to RXO was good for a change.
Its truckload brokerage unit, on the market since early 2024, the deal was promoted as “monumental” by Brad Jacobs, who has skin in the game alongside MFN Partners* and Orbis Investments, who have committed together over half of the agreed take-out price.
(*More about the investor …

The post UPS’s $1bn Coyote Logistics sale – a real win for RXO? appeared first on The Loadstar.

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