Norfolk Southern's COO quit mid-merger – nobody's asking the right question
Leadership bench optimized for integration, but if the deal falls apart…
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© Moose Henderson
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Sunday deals are rare…
…but yesterday’s disclosure that UPS would sell its non-core Coyote Logistics business for slightly over $1bn to RXO was good for a change.
Its truckload brokerage unit, on the market since early 2024, the deal was promoted as “monumental” by Brad Jacobs, who has skin in the game alongside MFN Partners* and Orbis Investments, who have committed together over half of the agreed take-out price.
(*More about the investor and its Yellow involvement here.)
“Bigger is better” is the mood ...
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