Is Coyote owned by UPS?
Considering this, when did ups acquire coyote?
UPS (NYSE:UPS) has entered into a definitive purchase agreement to acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company for $1.8 billion from Warburg Pincus. Founded in 2006, Coyote reported annual revenue of $2.1 billion in 2014.
Similarly, who is the owner of Coyote Logistics? United Parcel Service
Similarly, you may ask, why did ups buy Coyote Logistics?
The nine-year-old Coyote is owned by the private equity firm Warburg Pincus. The deal is intended to help bolster UPS's presence in the freight brokerage business, which is expected to help the delivery company become more efficient in using its fleet of familiar brown trucks.
Who did UPS freight buyout?
UPS Freight is the less than truckload shipping (LTL) division of UPS. UPS acquired on August 8, 2005, Overnite Transportation Company (and its subsidiary Motor Cargo) from the Union Pacific Corporation (parent company of the Union Pacific Railroad) for $1.25 billion.