RXO Acquires Coyote Logistics from UPS, Solidifying Position as a Top Brokered Transportation Provider in North America
In a significant move that is set to reshape the transportation industry, RXO has announced its definitive agreement to acquire Coyote Logistics from UPS for a staggering $1.025 billion. This strategic acquisition is poised to boost RXO’s market position, expand its customer base, and broaden its carrier network, making it the third-largest provider of brokered transportation in North America upon closing.
Coyote Logistics, an asset-light freight brokerage business, brings valuable expertise and resources to RXO. As an industry leader, Coyote has carved a niche for itself by leveraging cutting-edge technology to connect shippers and carriers seamlessly. Through this acquisition, RXO aims to strengthen its overall capabilities and enhance its market offerings, pledging to provide even more efficient and effective transportation solutions to its clients.
RXO’s acquisition of Coyote is highly accretive and will immediately scale up operations, solidifying its position as a force to be reckoned with in the industry. The move aligns perfectly with RXO’s commitment to continuous growth and innovation, which has already been recognized in the form of the recent Top Digital Freight Brokerage Software of the Year award from SupplyTech Breakthrough.
This prestigious accolade further underscores RXO’s dedication to excellence and its relentless pursuit of leveraging cutting-edge technology to enhance customer experience and provide unique solutions. The company’s commitment to innovation has propelled it to the forefront of the industry, making it a symbol of trust and reliability.
With this exciting acquisition, RXO aims to create a seamless synergy between its brand and Coyote’s expertise, ultimately delivering unparalleled value to customers. By combining their strengths, the companies will expand their capabilities to meet the growing demands of the modern transportation landscape, driving operational efficiency and customer satisfaction to new heights.
As industry leaders in technology and transportation solutions, RXO and Coyote are poised to revolutionize the landscape further, disrupting traditional models and paving the way for a more efficient and connected future.
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