UPS completes Coyote acquisition
UPS has completed the acquisition of Coyote Logistics in a $1.8 billion deal that adds large scale full-truck-load and other transport management services to the UPS portfolio.
“Coyote is a transport 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.”
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.
Source: logisticsmanager.com