Sandy Springs-based UPS, which is slashing costs as it seeks to boost its bottom line, is selling its Coyote Logistics freight brokerage unit for $1.025 billion, nine years after acquiring the ...

June 23 (Reuters) - United Parcel Service (UPS.N), opens new tab, the world's biggest package delivery firm, will sell its Coyote Logistics business unit to RXO (RXO.N), opens new tab for $1.025 ...

RXO shares soared in intraday trading Monday, a day after the package delivery firm agreed to buy UPS's freight brokerage unit, Coyote Logistics, for $1.025 billion. RXO said the acquisition would ...

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