UPS Announces $1.025 Billion Sale of Coyote Logistics to RXO – Major Shift in Focus Ahead
Atlanta, Georgia – In a strategic move aimed at streamlining its operations, United Parcel Service (UPS), the largest package delivery company in the world, has announced the sale of its Coyote Logistics business unit. The deal, valued at $1.025 billion, will see RXO acquire the business, according to an announcement made by the companies on Sunday. RXO, based in North Carolina, revealed that the transaction will be financed through a combination of equity and debt, …