UPS agrees to sell its freight-brokerage division for less than it paid for the business in 2015

ATLANTA — United Parcel Service said Sunday it agreed to sell its Coyote Logistics division to RXO for just over $1 billion — less than it paid for the freight-brokerage company in 2015 — to focus more on its core package-delivery business.said it will update its financial outlook once the sale is completed.“the decision to sell our Coyote Logistics business allows an even greater focus on our core business.

Coyote had a network of more than 35,000 trucking companies at the time UPS bought it. UPS said Sunday that Chicago-based Coyote now works with 100,000 carriers and manages 10,000 loads per day.

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