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With finalization of Coyote acquisition, RXO boosts revenue by nearly $4 billion, unlocking new market opportunities and expanding business growth potential.
RXO has completed its $1.025 billion acquisition of Coyote Logistics from UPS, solidifying its position as the third-largest brokered transportation provider in North America. The deal, initially announced on June 23, officially closed on September 16.
Today we are excited to announce that RXO has acquired Coyote Logistics, becoming the third largest freight broker in North America.https://t.co/oBgfIWmxTb pic.twitter.com/OxR5DkRZun
— RXO (@rxoinc) September 16, 2024
Adriana Pulley
Now that the acquisition is complete, here is what RXO gains:
Jerome Washington
CEO Drew Wilkerson calls it a chance to "provide more capacity to customers and increase freight access for carriers."
For Customers:
For Carriers:
Success hinges on smooth integration. RXO must merge Coyote's systems and workforce effectively to reap the full benefits.
"We're thrilled to welcome Coyote's employees, customers and carriers to RXO," says Wilkerson.
The freight world is watching. This deal could reshape how goods move across North America. Let the next chapter begin.
Source: Transport Topics
Plus: AGX Freight suspends operations, Gatik goes fully driverless, Werner buys FirstFleet
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Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
Performance Food and US Foods are evaluating a potential $100 billion merger, a deal that could surpass Sysco.
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