RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. This acquisition will enhance RXO’s ...

UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23.

RXO will become third largest N.A. freight brokerage firm at the end of 2024 following its acquisition of Coyote Logistics.

The combination of Coyote Logistics and RXO's existing capabilities creates the third-largest provider of brokered transportation in North America.

RXO (RXO) surges 22% on acquisition of Coyote Logistics from UPS. Analysts bullish on deal's potential for growth and synergy.

RXO to acquire Coyote Logistics from UPS for $1.025 billion in cash, boosting its market position and network. The deal, financed through equity and debt, is expected to significantly enhance RXO ...

RXO shares soared in intraday trading Monday, a day after the package delivery firm agreed to buy UPS's freight brokerage unit, Coyote Logistics, for $1.025 billion. RXO said the acquisition would ...

CHARLOTTE, N.C., June 23, 2024--RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. This ...

RXO intends to use the net proceeds from the offering to finance a portion of the pending acquisition of Coyote Logistics, UPS’s technology-driven, asset-light freight brokerage business.

For its part, RXO (RXO) expects the acquisition of Coyote Logistics will enhance the company's market position, diversify and expand its customer base, and broaden its carrier network.