UPS finally manages to sell freight brokerage arm Coyote Logistics
UPS has finally managed to offload Coyote Logistics, the burdensome freight brokerage it acquired in ...
Following the Q1 24 interims of CH Robinson (CHRW), we had another hint at how business matters really look in freight brokerage stateside via $2.3bn-market-cap* RXO which yesterday, 2 May, reported its trading update.
As with CHRW, worst case avoided.
(*RXO stock ending the trading session second best, +5.9%, in our demo portfolio – indeed, only behind +12.3% CH Robinson – despite, a mixed Q1 24 performance, admittedly… in a very challenging market at the start of 2024.)
Alongside $6bn-market-value GXO Logistics, RXO ...
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