When Full, Transaction Helps Drive UPS’s Higher and Bolder Technique
ATLANTA–(BUSINESS WIRE)–UPS (NYSE: UPS) introduced immediately it has entered into an settlement to promote its Coyote Logistics enterprise unit to RXO, Inc., for $1.025 billion.
As UPS positions itself to turn into the premium small package deal supplier and logistics associate on the earth, the choice to promote our Coyote Logistics enterprise permits a good better concentrate on our core enterprise, stated UPS Chief Govt Officer Carol B. Tomé.
Based mostly in Chicago, Coyote Logistics is a number one world third-party logistics (3PL) supplier, working with 100,000 community carriers and managing 10,000 masses per day.
The transaction is predicted to shut by the tip of the yr, topic to regulatory overview and approval. Upon completion of the transaction, the corporate will replace its monetary outlook.
J.P. Morgan Securities LLC is serving because the unique monetary advisor to UPS, and King & Spalding is serving because the authorized advisor to UPS.
About UPS
UPS (NYSE: UPS) is likely one of the world’s largest corporations, with 2023 income of $91.0 billion, and gives a broad vary of built-in logistics options for purchasers in additional than 200 international locations and territories. Centered on its goal assertion, Transferring our world ahead by delivering what issues, the corporate’s roughly 500,000 staff embrace a technique that’s merely said and powerfully executed: Buyer First. Individuals Led. Innovation Pushed. UPS is dedicated to lowering its influence on the setting and supporting the communities we serve world wide. UPS additionally takes an unwavering stance in help of range, fairness and inclusion. Extra data could be discovered at http://www.ups.com, about.ups.com and buyers.ups.com.
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UPS Media Relations404-828-7123pr@ups.com
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