💸 Why UPS Might Sell Coyote
UPS acquired Coyote Logistics in 2015 for $1.8 billion, marking it as the most expensive acquisition in UPS history at the time.
Good Monday morning. Today, we're covering UPS post-earnings report maneuvers: From 12K in job cuts to possibly selling its Coyote brokerage unit. Plus, explore truck volume trends, beefed-up cargo thefts in Philly, and the sustained strength of U.S. cross-border freight. The world's most famous double broker is also back.
🤔 Question of the Day: What is the best freight city in the US? Scroll to the main story in Around the Freight Web to cast your vote.
In today's email:
- Three Freight Headlines: Truck volumes surge, Philly's cargo theft spikes and U.S. cross-border freight maintains growth.
- UPS Cuts 12k Jobs & Might Sell Coyote
- Around the Freight Web: Vote on the top freight city, peek into the brain of the world's most famous double broker, plus more.
- How to Land Shippers: An interview with Marco Vargas-Avala of Dole Sunshine.
- Freight Meme of the Day