Breaking down UPS’ $1 Billion sale of Coyote to RXO | WHAT THE TRUCK?!?

Capt. John

On Episode 727 of WHAT THE TRUCK?!?, Dooner is talking with FreightWaves’ Craig Fuller about UPS’ sale of Coyote for $1 billion to RXO. They’re breaking down the deal and will look into why Coyote took a loss of over $700 million in the transaction. RXO is now the 3rd biggest freight brokerage. Is this just the start of a summer of M&A?

Two thousand employees, 500 of whom are drivers, are out of jobs as Texas-based U.S. Logistics Solutions abruptly shuts down. Fuller will weigh in on this stage...

https://www.freightwaves.com/news/breaking-down-ups-1-billion-sale-of-coyote-to-rxo-what-the-truck

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