RXO Completes Acquisition of Coyote Logistics

RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, today announced that it has completed the acquisition of Coyote Logistics from UPS for a purchase price of $1.025 billion. The company is now the third-largest provider of brokered transportation in North America.

This acquisition strengthens RXO’s market position, diversifies and expands its customer base and broadens its carrier network. For customers, RXO now offers increased network density and additional power lanes. For carriers, RXO offers access to more customers with opportunities to reduce deadhead miles.