News / UPS finally manages to sell freight brokerage arm Coyote Logistics

© Oksana Sazhnieva

UPS has finally managed to offload Coyote Logistics, the burdensome freight brokerage it acquired in 2015, for $1.8bn.

It has agreed to sell the Chicago-based 3PL provider, which works with 100,000 network carriers, managing 10,000 loads a day, to RXO, as it aims to refocus on core business.

Carol Tomé, UPS CEO, said: “As UPS positions itself to become the premium small package provider and logistics partner in the world, the decision to sell Coyote Logistics allows an even greater focus on ...