Post Tagged with: "Coyote Logistics"

UPS-owned Coyote Logistics bets on U.S.-Mexico trade

UPS-owned Coyote Logistics bets on U.S.-Mexico trade

March 21, 2017 at 5:03 pm 0 comments

Wall or no wall, UPS-owned Coyote Logistics is betting its new office in metropolitan Guadalajara that NAFTA trade isn’t going away anytime soon. The new Guadalajara office allows the logistics provider to further develop its intra-Mexico business and “execute a broader, more complex array of services to existing and newRead More

UPS moves on U.K.-E.U. truckload brokerage market with Freightex

UPS moves on U.K.-E.U. truckload brokerage market with Freightex

January 9, 2017 at 6:57 pm 0 comments

UPS has bought into the European truckload brokerage sector with purchase of Freightex, a U.K.-based provider of truckload, less-than-truckload, specialized and refrigerated over-the-road services. With the purchase, Freightex will add extensive cross-border routes and a carrier network, which includes a dedicated fleet, to UPS’s portfolio. The acquisition also gives UPSRead More

UPS manages strong growth in Q1 2016

UPS manages strong growth in Q1 2016

May 2, 2016 at 4:49 pm 0 comments

In spite of a reduction in revenue growth due to lower fuel surcharges and currency exchange rates, UPS reported strong growth in net income for the first quarter of 2016, rising 10.2 percent, compared to the previous Q1, to reach US$1.13 billion. Operating profit rose by 9 percent, year-over-year, toRead More

Radiant Logistics continues acquisition spree

Radiant Logistics continues acquisition spree

November 9, 2015 at 5:46 pm 0 comments

In a year full of logistics mergers and acquisitions, U.S.-based Radiant Logistics has acquired privately held Minneapolis firm, Copper Logistics. Radiant paid approximately 50 percent of the purchase price at closing, with the balance to be paid in subsequent periods, based on the future performance of the acquired operation. CopperRead More

UPS profits rise despite revenue drop in Q3

UPS profits rise despite revenue drop in Q3

November 4, 2015 at 11:44 pm 0 comments

Although UPS reported that overall revenues fell 0.4 percent to US$14.2 billion during the third quarter, compared to the same period last year, the integrator said its operating and net profits both showed improvement as a result of “revenue quality enhancements” that began earlier this year. The decline in revenuesRead More

French 3PL Geodis to buy OHL Logistics

French 3PL Geodis to buy OHL Logistics

August 17, 2015 at 11:23 pm 0 comments

Another major acquisition is in the works in the logistics sector. This time, French firm Geodis and U.S.-based OHL (Ozburn-Hessey Logistics) are tying up to increase scale. Geodis is a subsidiary of SNCF Logistics, which is the freight services arm of SNCF Group, the French rail operator. OHL, which gotRead More

UPS chases Coyote Logistics

UPS chases Coyote Logistics

July 31, 2015 at 9:46 pm 0 comments

As reported last week, UPS does indeed plan to acquire Coyote Logistics from private equity firm Warburg Pincus for US$1.8 billion. Chicago-based Coyote is a non-asset based truckload freight brokerage company, which markets itself as a tech-savvy firm with a young staff. The 17th largest 3PL in the United States,Read More

UPS in talks to buy Coyote Logistics

UPS in talks to buy Coyote Logistics

July 23, 2015 at 7:45 pm 0 comments

Multiple media outlets are reporting anonymous sources who have said negotiations are underway for UPS to acquire Coyote Logistics, LLC, for US$1.8 billion or more. Coyote, a Chicago based 3PL,  said it represents more than 35,000 national carriers. Coyote has been backed by private equity firm New York City-based WarburgRead More