RXO Inc. has agreed to buy United Parcel Service Inc.'s asset-light freight brokerage business, Coyote Logistics, for more than $1 billion. Alexandra Semenova reports.
The transportation giant announced Sunday it had offloaded the third-party logistics provider.
United Parcel Service , the world' biggest parcel delivery firm, on Sunday said it would sell its Coyote Logistics business unit to RXO for $1.025 billion.

RXO To Acquire Coyote Logistics From UPS

01:55pm, Sunday, 23'rd Jun 2024
CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from
ATLANTA--(BUSINESS WIRE)--UPS (NYSE: UPS) announced today it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion. “As UPS positions itself to be

7 Dividend Stocks to Buy Now: June 2024

01:38pm, Sunday, 23'rd Jun 2024
Income-oriented investors love finding dividend stocks to buy now. That's particularly true when those stocks are on sale, as many continue to be.
UPS' dividend is simply too good to pass up. Chevron and ExxonMobil haven't been this financially healthy in over a decade.
In the closing of the recent trading day, United Parcel Service (UPS) stood at $136.60, denoting a -0.2% change from the preceding trading day.
UPS stock is bolstered by e-commerce growth and strong liquidity. However, weak demand poses a significant threat.
United Parcel Service (UPS) closed the most recent trading day at $136.87, moving +1.99% from the previous trading session.

Should You Pick Disney Over UPS Stock?

08:00am, Tuesday, 18'th Jun 2024
Given its better prospects, we believe Disney stock (NYSE: DIS) is a better pick than UPS stock (NYSE: UPS). The decision to invest often comes down to finding the best stocks within the scope of cert
For dividend growth investing, is growth more important than valuation? 49 stocks are valued based on Historical and Future Fair Valuations as well as analyst estimates. 49 stocks are further evaluate
United Parcel Service, a global parcel delivery and supply chain management company, is now a $118 billion (by market cap) package delivery monster. UPS has increased its dividend for 15 consecutive y

Should You Buy UPS While It's Below $140?

07:30am, Sunday, 16'th Jun 2024
Management expects strong earnings growth momentum in the second half. UPS' medium-term growth plans involve growing its healthcare and revenue from small and medium-size business.
The latest readings on inflation show some cooling, and stocks seem to like it. However, it's important to be clear about why investors feel bullish.
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