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 market ...

The buyer is RXO Brokerage ... followed by Total Quality Logistics. UPS acquired Coyote in July 2015 for $1.8 billion. At the time, the acquisition expanded UPS’ portfolio by adding large ...

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 ...

RXO (NYSE:RXO) soared in early trading on Monday after the company snapped up the Coyote Logistics business from United Parcel Service (UPS) for $1.03 billion. The acquisition is expected to be ...

Upon completion of the transaction, RXO will continue to provide UPS transportation services under a contract that runs until January 2030. Coyote Logistics was acquired by UPS in 2015 and is the ...

RXO’s estimate now is that it will gain $70 million in cash savings from the integration of Coyote. That is up from $50 ...

Tariff uncertaitny and a prolonged freight recession are reshaping transportation M&A with buyers targeting flexible firms.

Adjusted diluted loss per share was $0.03. Volume in RXO’s Brokerage business, including the impact of the Coyote Logistics acquisition in both periods, declined by 1% year-over-year in the ...

RXO reported a year-over-year jump in revenue ... This included the impact of the Coyote Logistics acquisition in both periods. Less-than-truckload volume increased 26%, but was offset by an ...