UPS What is Coyote Logistics and why is it worth $1.8 billion?

Discussion in 'The Latest UPS Headlines' started by cheryl, Aug 3, 2015.

  1. cheryl

    cheryl I started this. Staff Member

    UPS What is Coyote Logistics and why is it worth $1.8 billion? - Christian Science Monitor

    Coyote’s addition to UPS, where it will operate as a separate subsidiary under the same name, will provide software solutions to help determine how to utilize their fleets more efficiently, said the statement.

    Mr. Abney said the acquisition is projected to begin adding to UPS’s earnings in 2016, and should create $100 to $150 million in annual operating synergies, “from backhaul utilization, purchased transportation and cross-selling opportunities.”

    The deal comes just as the shipping giant gears up for this year’s holiday season, a time period that has caused UPS problems in the recent past.