39 | UPS Sells Coyote Logistics for over $1B in Cash: What does this mean for CPG shippers?

We’ve got President Andrew Lynch on the mic to shed some light on UPS’s recent sale of Coyote Logistics to RXO. UPS announced on June 23, 2024 that it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion. The transaction is expected to close by the end of the year and at closing, RXO will be the third-largest provider of brokered transportation in North America. . How will this sale effect CPG shippers and the marketplace in general? Tune in to find out. Follow Zipline Logistics: https://linktr.ee/ziplinelogistics