RXO Completes Acquisition of Coyote Logistics
RXO, Inc. (RXO)
Company Research
Source: Business Wire
RXO is now the third-largest provider of brokered transportation in North America CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, today announced it has completed its acquisition of Coyote Logistics from UPS for a purchase price of $1.025 billion. The company is now the third-largest provider of brokered transportation in North America.This acquisition enhances RXO’s market position, diversifies and expands its customer base and broadens its carrier network. For customers, RXO now offers increased network density and additional power lanes. For carriers, RXO offers access to more customers with opportunities to reduce deadhead miles.“We’re thrilled to welcome Coyote’s employees, customers and carriers to RXO,” said Drew Wilkerson, chief executive officer of RXO. “This acquisition enables us to provide customers with even more capacity. Our larger scale will provide carriers with access to more freight. As we work to int
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News
- RXO, Inc. (NYSE: RXO) had its "neutral" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $29.00 price target on the stock.MarketBeat
- RXO, Inc. (NYSE: RXO) had its price target lowered by analysts at Susquehanna from $16.00 to $12.00. They now have a "negative" rating on the stock.MarketBeat
- RXO, Inc. (NYSE: RXO) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $33.00 price target on the stock.MarketBeat
- RXO, Inc. (NYSE: RXO) had its "equal weight" rating re-affirmed by analysts at Wells Fargo & Company. They now have a $31.00 price target on the stock.MarketBeat
- RXO (RXO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
RXO
Earnings
- 11/7/24 - Beat
RXO
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 4
- 11/12/24 - Form SC
- RXO's page on the SEC website