SupplyChainReport has learned that RXO has entered into a definitive agreement to acquire Coyote Logistics, a unit of UPS, for approximately $1 billion. This strategic move aims to bolster RXO’s presence in the logistics and supply chain management sector, enhancing its capabilities in freight brokerage services.
Coyote Logistics, founded in 2006 and headquartered in Chicago, Illinois, has established itself as a prominent player in the logistics industry, offering a range of transportation and supply chain solutions. The company operates a vast network connecting shippers and carriers across various industries.
The acquisition by RXO represents a significant expansion opportunity, enabling the company to leverage Coyote Logistics’ extensive network and operational expertise. RXO aims to capitalize on synergies between its existing capabilities and Coyote Logistics’ established market presence to drive growth and innovation in freight brokerage services.
This transaction underscores RXO’s strategic focus on strengthening its position in the competitive logistics market, positioning itself to better meet the evolving needs of its clients. The acquisition is expected to close pending regulatory approvals and customary closing conditions.
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