UPS Sells Coyote Logistics to RXO for $1B [Yahoo! Finance]
C.H. Robinson Worldwide, Inc. (CHRW)
Last c.h. robinson worldwide, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
“As UPS positions itself to become the premium small package provider and logistics partner in the world, the decision to sell our Coyote Logistics business allows an even greater focus on our core business,” UPS CEO Carol B. Tomé said in a statement on Sunday. More from Sourcing Journal Forward Air Cuts Staff in Post-Merger Restructuring Flexport Accused of Skimping on $1 Million in Payments by Logistics Partner FedEx Cutting Up to 2,000 Employees in Europe Coyote, a 3PL. is a global provider that works with 100,000 network carriers and manages 10,000 loads per day. UPS said the transaction is expected to close by the end of 2024. Once the transaction closes after meeting certain customary regulatory approvals and closing conditions, RXO will become the third-largest North American freight broker. According to Transport Topics, C.H. Robinson Worldwide is the largest freight brokerage firm, followed by Total Quality Logistics. UPS acquired Coyote in July 2015 for $1.8 bil
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News
- RXO's Coyote Deal— All About Scale [Yahoo! Finance]Yahoo! Finance
- Is ProShares S&P 500 Dividend Aristocrats ETF (NOBL) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) was upgraded by analysts at Evercore ISI from an "in-line" rating to an "outperform" rating. They now have a $99.00 price target on the stock, up previously from $82.00.MarketBeat
- C.H. Robinson Unveils Role of Chief Strategy and Innovation Officer to Drive Forward Enterprise Strategy, New Operating Model and Technologies of Tomorrow [Yahoo! Finance]Yahoo! Finance
- C.H. Robinson Unveils Role of Chief Strategy and Innovation Officer to Drive Forward Enterprise Strategy, New Operating Model and Technologies of TomorrowBusiness Wire
CHRW
Earnings
- 5/1/24 - Beat
CHRW
Sec Filings
- 6/28/24 - Form 4
- 6/20/24 - Form 8-K
- 6/6/24 - Form 8-K
- CHRW's page on the SEC website