UPS announced on June 23, 2024 that it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc. for $1.025 billion. The transaction is expected to close by the end of the year and at closing, RXO will be the third-largest provider of brokered transportation in North America.
Based in Chicago, Coyote Logistics is a leading global third-party logistics (3PL) provider, working with 100,000 network carriers and managing 10,000 loads per day.
“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,” said Carol B. Tomé, the chief executive officer at UPS, in the release.
How will this sale effect CPG shippers and the marketplace in general? Tune in to Episode 39 of The TRUCK YEAH! Podcast: we’ve got Zipline Logistics President Andrew Lynch on the mic to shed some light on what’s to come.
About Zipline Logistics
Zipline Logistics is the only third-party logistics solutions provider in North America exclusively servicing the consumer-packaged goods sector. Our uniquely qualified carrier network, world-class team of retail transportation experts, and state-of-the-art shipper intelligence tools maximize client revenue and gross margin by eliminating out-of-stocks through optimized, on-time in-full performance. By focusing on retail-specialization, we have maintained a customer satisfaction score ranking 5 times the industry average throughout consecutive years of award-winning growth.
Zipline processes were built specifically to resolve the most critical logistics challenges faced by consumer goods brands shipping into retail. We tailor strategies to reduce overall transportation spend, optimize retail performance, and beat out the competition for shelf space. 97% of our orders end up on retailer’s shelves such as Walmart, Costco, Bath & Body Works, Whole Foods, and Best Buy.
Since the company’s founding in 2007, Zipline has been consistently recognized as a rapidly growing, reliable 3PL by prestigious organizations including Inc. 5000, Business First Fast 50, Food Logistics Magazine, Inbound Logistics, and Transport Topics.
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