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 ...

RXO, Inc. (NYSE:RXO) shares are trading higher after the company inked a definitive agreement to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS) for $1.025 billion in cash.

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 has finalized its $1.025 billion acquisition of Coyote Logistics from UPS, a move that makes RXO the third-largest provider of brokered transportation in North America. The deal, announced ...

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 has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. The acquisition creates the third-largest provider ...

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 ...

A selling price of $1.025 billion is a far cry from the $1.8 billion UPS paid to acquire Coyote Logistics almost exactly nine years ago. Under the terms of the agreement, RXO will pay $1.025 ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun 23, 2024-- ...