What’s new: We’ve signed an agreement to sell Coyote Logistics to RXO, Inc., a transportation and logistics company based in Charlotte, N.C.
Why it matters: The move is part of our ongoing mission to create a Better and Bolder company. This decision allows even greater focus on our core business and frees up resources to build new services and solutions to meet our customers’ future needs.
Zoom out: We're being selective in the markets we serve, with a clear intention of becoming the premium small package provider and logistics orchestrator, as well as the No.1 premium international integrator and healthcare logistics provider in the world. The sale of Coyote will make us stronger and more focused, as we continue to serve global markets with unparalleled excellence.
What’s next: The transaction is expected to close by the end of the year, subject to regulatory review and approval. This move marks a significant step in UPS's Better and Bolder journey, as we continue to provide a premium experience for all our customers.