United Parcel Service (UPS) to Sell Coyote Logistics to RXO

United Parcel Service (UPS) is gearing up with its business operations. To this end, the company announced that it had inked a deal to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion.RXO is a Charlotte, NC-based transportation and logistics company.Although the deal amount is less than what UPS paid to buy Coyote Logistics from Warburg Pincus in 2015, the deal is expected to help UPS focus on its core businesses by letting out resources to build new services and solutions to meet cl ...