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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RXO
News
- FedEx losses mount as gloomy outlook permeates transportation sector [Seeking Alpha]Seeking Alpha
- Two RXO Leaders Named Recipients of 2024 Women in Supply Chain AwardBusiness Wire
- RXO, Inc. (NYSE: RXO) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $31.00 price target on the stock.MarketBeat
- UPS Stock Trading Higher Than Industry at 15.1x PE: Time to Sell? [Yahoo! Finance]Yahoo! Finance
- RXO Announces Upsizing and Pricing of Common Stock Offering Associated with Financing Acquisition of Coyote Logistics from UPSBusiness Wire
RXO
Earnings
- 8/7/24 - In-Line
RXO
Sec Filings
- 9/16/24 - Form 8-K
- 9/11/24 - Form 8-K
- 9/10/24 - Form 424B5
- RXO's page on the SEC website