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 ...