WHAT THE TRUCK?!? EP727 Breaking down UPS’ $1 Billion sale of Coyote to RXO
On Episode 727 of WHAT THE TRUCK?!?, Dooner is talking with FreightWaves’ Craig Fuller about UPS’ sale of Coyote for $1 billion to RXO. They’re breaking down the deal and will look into why Coyote took a loss of over $700 million in the transaction. RXO is now the 3rd biggest freight brokerage. Is this just the start of a summer of M&A? Two thousand employees, 500 of whom are drivers, are out of jobs as Texas-based U.S. Logistics Solutions abruptly shuts down. Fuller will weigh in on this stage of the freight market recovery and whether these shutdowns are part of the correction. Roger…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.