Coyote Logistics has 15,000 customers and 2,500 employees
RXO's annual revenue will nearly double to $7.1 billion after acquisition
UPS aims to focus on core business and update financial outlook once transaction is completed
UPS sells Coyote Logistics to RXO for $1.025 billion
BUSINESS
June 24, 2024
United Parcel Service (UPS) announced on Sunday, June 24, that it has agreed to sell its Coyote Logistics division to RXO for $1.025 billion. The sale comes as UPS focuses on its core business and aims to update its financial outlook once the transaction is completed.
Coyote Logistics, a freight brokerage company based in Chicago, arranges freight shipments on available space on trucks contracted to trucking companies in its carrier network. The division has 15,000 customers and 2,500 employees and had a network of over 35,000 trucking companies when UPS bought it in 2015 for $1.8 billion.
RXO is a freight broker based in Charlotte, North Carolina. The acquisition will nearly double RXO's annual revenue to $7.1 billion and make it the third-biggest freight broker in North America.
UPS CEO Carol Tomé said,
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the
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UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
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UPS sells Coyote Logistics business unit to RXO for $1.025 billion RXO helps shippers and carriers move freight
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What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
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A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
UPS plans to update its financial outlook after the transaction is completed. Coyote Logistics arranges freight shipments on available space on trucks contracted to trucking companies in its carrier network.
Accuracy Deception
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Fallacies
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Bias
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Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
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What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
UPS agreed to sell its Coyote Logistics division to RXO for just over $1 billion. Coyote Logistics has 15,000 customers and 2,500 employees. Acquiring Coyote will nearly double RXO’s annual revenue to $7.1 billion, making it the third-biggest freight broker in North America. UPS paid $1.8 billion to buy Coyote from private-equity firm Warburg Pincus in 2015. Coyote had a network of over 35,000 trucking companies when UPS bought it and now works with 100,00 carriers. UPS expects to update its financial outlook once the sale is completed.
Accuracy Deception
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Fallacies
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Of
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Of
Interest (0%)
98%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
UPS sells Coyote Logistics to RXO for $1.025 billion. UPS is focusing on its core business as part of the decision to sell Coyote Logistics.
Accuracy ]UPS sells Coyote Logistics to RXO for $1.025 billion.[ Coyote Logistics manages around 10,000 loads per day and has a network of over 10,000 carriers. Deception
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