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UPS to buy Coyote Logistics for $1.8 billion
2015-08-02 14:31:12| Trucking - Topix.net
United Parcel Service Inc. will buy Coyote Logistics in a $1.8 billion bid to jump into the freight-brokerage business and improve holiday-season shipping performance. The deal could help generate additional revenue and savings of as much as $150 million, UPS said Friday, as the company expands into the business of linking customers with thousands of haulers able to do the work.
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UPS to buy Coyote Logistics for $1.8 billion
2015-08-02 14:24:59| Air Courier - Topix.net
United Parcel Service Inc. will buy Coyote Logistics in a $1.8 billion bid to jump into the freight-brokerage business and improve holiday-season shipping performance. The deal could help generate additional revenue and savings of as much as $150 million, UPS said Friday, as the company expands into the business of linking customers with thousands of haulers able to do the work.
Tags: buy
ups
billion
logistics
UPS buys Coyote for $1.8B to cure holiday blues
2015-07-31 22:28:57| Air Courier - Topix.net
United Parcel Service Inc. said it agreed to buy shipping-services provider Coyote Logistics LLC for $1.8 billion, which would expand its presence in the burgeoning freight-brokerage business and help it handle the volatility of its peak holiday season. UPS, which is acquiring Coyote from private-equity firm Warburg Pincus LLC, said Friday that it expects the addition to eventually boost profits by $100 million to $150 million and start adding to earnings in 2016.
UPS buys Coyote for $1.8B to cure holiday blues
2015-07-31 22:10:26| Trucking - Topix.net
United Parcel Service Inc. said it agreed to buy shipping-services provider Coyote Logistics LLC for $1.8 billion, which would expand its presence in the burgeoning freight-brokerage business and help it handle the volatility of its peak holiday season. UPS, which is acquiring Coyote from private-equity firm Warburg Pincus LLC, said Friday that it expects the addition to eventually boost profits by $100 million to $150 million and start adding to earnings in 2016.
UPS bolsters full-truckload business with $1.8 billion deal
2015-07-31 18:56:00| Logistics - Topix.net
Coyote Logistics connects customers to its network of more than 35,000 trucking operators in North America and caters to the food and beverage, consumer goods, paper and packaging, industrial as well as retail markets. ) have reported rapid revenue growth in the past few quarters as the demand for trucks jumped due to widespread bottlenecks on rail networks.
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