RXO Completes Acquisition of Coyote Logistics
16 Settembre 2024 - 12:30PM
Business Wire
RXO is now the third-largest provider of brokered transportation
in North America
RXO (NYSE: RXO), a leading provider of asset-light
transportation solutions, today announced it has completed its
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 enhances 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.
“We’re thrilled to welcome Coyote’s employees, customers and
carriers to RXO,” said Drew Wilkerson, chief executive officer of
RXO. “This acquisition enables us to provide customers with even
more capacity. Our larger scale will provide carriers with access
to more freight. As we work to integrate Coyote’s people and
technology into our business, we remain focused on providing the
best service, most comprehensive set of solutions, continuous
innovation and deep relationships for our customers.”
Coyote Logistics was founded in 2006 and acquired by UPS in
2015.
Goldman Sachs & Co. LLC served as financial advisor to RXO,
and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as its
legal advisor.
About RXO
RXO (NYSE: RXO) is a leading provider of asset-light
transportation solutions. RXO offers tech-enabled truck brokerage
services together with complementary solutions including managed
transportation and last mile delivery. The company combines massive
capacity and cutting-edge technology to move freight efficiently
through supply chains across North America. The company is
headquartered in Charlotte, N.C. Visit RXO.com for more information
and connect with RXO on Facebook, Twitter, LinkedIn, Instagram and
YouTube.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240915229927/en/
Media Contact Erin Kelly erin.kelly@rxo.com
Investor Contact Kevin Sterling
kevin.sterling@rxo.com
Grafico Azioni RXO (NYSE:RXO)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni RXO (NYSE:RXO)
Storico
Da Ott 2023 a Ott 2024