UPS Completes Coyote Logistics Acquisition

US 08/18/15

Atlanta and Chicago

UPS (NYSE:UPS) today completed the closing of the acquisition of Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company. The $1.8 billion acquisition adds large scale full-truck-load (FTL) and other transportation management services to the UPS portfolio. The company expects to benefit from synergies in purchased transportation, backhaul utilization, cross-selling to customers, as well as technology systems and industry best practices.

“Coyote is a transportation and logistics innovator which has changed traditional business models to serve their customers in new, unique and more satisfying ways,” said David Abney, UPS chief executive officer. “We will provide our combined customer base with a portfolio of seamless supply chain solutions from multi-modal freight shipments to small-package delivery. We are excited to welcome the talented Coyote team to UPS,” he continued.

Coyote will operate as a wholly owned subsidiary of UPS under the leadership of CEO Jeff Silver. Silver will report to Alan Gershenhorn, UPS chief commercial officer.

Previous Article
Coyote Named to the Selling Power 2015 '50 Best Companies to Sell For' List
Coyote Named to the Selling Power 2015 '50 Best Companies to Sell For' List

For the third consecutive year, Coyote is featured on the Selling Power 2015 list of the 50 Best Companies ...

Next Article
Coyote Named to 2015 Inc. 5000
Coyote Named to 2015 Inc. 5000

Coyote has been named to the 2015 Inc. 5000 for the seventh year, ranking #1,631

×

First Name
Last Name
Company Name
I am a...
!
Thank you!
Error - something went wrong!