UPS bolsters full-truckload business with $1.8 billion deal

Discussion in 'The Latest UPS Headlines' started by cheryl, Aug 2, 2015.

  1. cheryl

    cheryl I started this. Staff Member

    UPS bolsters full-truckload business with $1.8 billion deal - Reuters

    United Parcel Service Inc (UPS.N) said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry.

    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.
     
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    My son told me about Coyote a few years ago. As the link stated, they link companies that have LTL shipments that are all ready to go with haulers who have space available for those loads. This is ideal for those companies that prefer to have just in time inventory rather than warehouses full of goods. The concept behind Coyote makes a lot of sense.