United Parcel Service Inc. (UPS) has announced its agreement to divest its Coyote Logistics division to RXO Inc. for a sum of $1.025 billion.
According to UPS, this strategic move will allow the company to concentrate more on its primary operations.
Headquartered in Chicago, Coyote Logistics is a leading global third-party logistics (3PL) provider, collaborating with 100,000 network carriers and managing 10,000 loads each day.
The transaction is anticipated to be finalized by the year's end.
