The American logistics and express courier group UPS has signed a binding agreement to sell the logistics company Coyote Logistics to compatriot RXO, Inc., which specializes in in the provision of transport solutions, a sector in which, with the the acquisition of Coyote - RXO pointed out - the company of Charlotte to become the third largest operator in the North America. The sale will take place for $1.025 billion.

"RXO's acquisition of Coyote, which allows a remarkable growth - underlined the CEO of RXO, Drew Wilkerson - will immediately increase the range of our brokerage activities, providing clients with Increased capacity over a wider range of Directions. With the acquisition, RXO will achieve significant synergies by rapidly integrating Coyote's business into the RXO and leveraging our state-of-the-art technology. The addition of Coyote's customer base will diversify the mix RXO and will increase the number of customers who build more than a million dollars in business with us."

Following the acquisition, which is expected to be brought to an end in the by the end of this year, RXO will continue to use UPS logistics solutions as part of a The contract will be in force until January 2030.

In 2023, the assets sold by UPS to RXO generated revenue of approximately $3.2 billion and an operating margin gross of approximately $470 million.