When did ups acquire coyote?
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Consequently, 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.
Also Know, 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.
Also Know, who founded Coyote Logistics?
What does drayage mean?
Drayage is the transport of goods over a short distance in the shipping and logistics industries. Drayage is often part of a longer overall move, such as from a ship to a warehouse. Drayage is a key aspect of the transfer of shipments to and from other means of transportation.