RXO has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. The acquisition creates the third-largest provider ...

RXO, Inc. (NYSE:RXO) shares are trading higher after the company inked a definitive agreement to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS) for $1.025 billion in cash.

RXO shares soared in intraday trading Monday, a day after the package delivery firm agreed to buy UPS's freight brokerage unit, Coyote Logistics, for $1.025 billion. RXO said the acquisition would ...

RXO has finalized its $1.025 billion acquisition of Coyote Logistics from UPS, a move that makes RXO the third-largest provider of brokered transportation in North America. The deal, announced ...

The buyer is RXO Brokerage ... followed by Total Quality Logistics. UPS acquired Coyote in July 2015 for $1.8 billion. At the time, the acquisition expanded UPS’ portfolio by adding large ...

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 ...

RXO intends to use the net proceeds from the offering to finance a portion of the pending acquisition of Coyote Logistics, UPS’s technology-driven, asset-light freight brokerage business.

from UPS in an all-cash transaction, the RXO said in a news release Sunday. The deal is expected to close by the end of the year. The acquisition of Coyote Logistics will expand RXO’s carrier ...

RXO to acquire Coyote Logistics from UPS for $1.025 billion in cash, boosting its market position and network. The deal, financed through equity and debt, is expected to significantly enhance RXO ...