Founded in 2006, coyote reported annual revenue of $2. 1 billion in 2014. Ups) announced today it has entered into an agreement to sell its coyote logistics business unit to rxo, inc. , for $1. 025 billion. Weve signed an agreement to sell coyote logistics to rxo, inc. , a transportation and logistics company based in charlotte, n. c. The move is part of our ongoing mission to create a better and bolder company. Before that, ups had used coyote to provide extra truck space for shipments during the peak holiday season.
Ups is bolstering its capacity to adapt quickly to changes in shipping demand by acquiring coyote logistics for $1. 8 billion, less than two years after ups bungled the crucial holiday shopping.
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