Coyote Logistics

UPS announced it will sell its freight brokerage business, Coyote Logistics, to RXO for $1.025 billion.

Atlanta-based global freight transportation and logistics services provider UPS said today it had formally entered into an agreement to sell its Chicago-based truckload brokerage business unit, Coyote, to Charlotte, N.C.-based full truckload brokerage RXO Logistics, for $1.025 billion.

Logistics Management Group News Editor Jeff Berman recently spoke with Kait Parker, VP of LTL Operations at Coyote Logistics, a Chicago-based transportation and logistics management and truckload freight brokerage services, and a subsidiary of freight transportation and logistics services bellwether UPS. Parker provided Berman with an overview of the less-than-truckload (LTL) market, from a few different perspectives, including rates, planning, and service, among others.

The challenges facing the trucking industry have only increased over the course of the past year, but with a bold vision and strategic changes, the industry could lie at a point of enormous opportunity.

This original research study examines the extent and shape of the commercial trucking shortage, the complications from the pandemic, and the possible steps toward solutions that benefit truckers and businesses alike.

In a mid-quarter update of the Coyote Curve by Coyote Logistics, a subsidiary of freight transportation and logistics services bellwether UPS, provided a wide-ranging overview of the freight market conditions, from three different perspectives: a look back at the second quarter; expectations for the third quarter; and a 2020-2023 forecast.

The most recent edition of the Coyote Curve by Coyote Logistics, a subsidiary of freight transportation and logistics services bellwether UPS, indicated that truckload market conditions remain challenged, due largely to COVID-19, with the caveat that they may have bottomed out in April.

Chicago-based transportation management services provider Coyote Logistics, a subsidiary of freight transportation and logistics services bellwether UPS, this week introduced a new program and digital freight platform upgrades to better meet the needs and challenges shippers and carriers are facing.

UPS sees the need to create industry standards and protocols to enable blockchain platforms to operate together with established technologies.

UPS, which is acquiring Coyote Logistics from private-equity firm Warburg Pincus LLC, said todaythat the acquisition should create $100 million to $150 million in annual operating synergies and start adding to earnings in 2016.

A deal between Coyote and UPS would be the third-largest logistics deal this year, as the industry goes through a wave of consolidation amid rising consumer demand.