Question: How Did Coyote Logistics Grow So Fast?

Coyote is one of several logistics companies and freight brokers whose fast growth is turning traditional asset-based transportation networks and markets on their heads. Coyote, which has grown rapidly by focusing on truckload freight, is also targeting LTL business.

How did Coyote Logistics start?

Jeff Silver founded Coyote Logistics in 2006, a transportation management company specializing in fleet backhaul. Jeff Silver has already built and sold one standout logistics company. He was part of the executive team at American Backhaulers, a freight brokerage in Chicago that was acquired for $136 million in 1999.

How long has Coyote Logistics been in business?

Founded in 2006, Coyote was created with one goal in mind: create a better service experience in the transportation industry. Our commitment to providing visibility and reliability to our customers separated us from other providers, raising industry standards for both service metrics and customer satisfaction.

Why did ups buy Coyote Logistics?

The deal is intended to help bolster UPS’s presence in the freight brokerage business, which is expected to help the delivery company become more efficient in using its fleet of familiar brown trucks. Coyote, which contracts with more than 35,000 trucking companies, garnered $2.1 billion in sales last year.

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How much did Coyote Logistics sell?

Atlanta and Chicago – July 31, 2015 – UPS (NYSE:UPS) has entered into a definitive purchase agreement to acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company for $1.8 billion from Warburg Pincus.

When did UPS buy Coyote Logistics?

UPS purchased Chicago-based Coyote in July 2015 in the largest acquisition in its 111-year history.

Does UPS still own coyote?

UPS has completed the closing of the acquisition of Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company. The $1.8 billion acquisition adds large scale full-truck-load (FTL) and other transportation management services to the UPS portfolio.

Are Coyote Logistics Private?

The nine-year-old logistical firm, which is based in Chicago and owned by the private equity firm Warburg Pincus, says it connects 12,000 customers to a network of more than 35,000 trucking operators across North America.

Who is the owner of Coyote Logistics?

Coyote Logistics competitors include C.H. Robinson, IntegraCore, Echo Global Logistics and Onus.

Does Coyote own trucks?

Coyote Logistics (“Coyote”) is a freight brokerage company operating in the third-party logistics industry. These brokers operate using a “non-asset based” business model where they do not own the trucks or inventory themselves but rather facilitate the transaction between the two parties.

Who started American Backhaulers?

Loeb founded American Backhaulers in 1981, a pioneering freight brokerage that Jeff Silver joined in 1984. In 1999, C.H. Robinson acquired American Backhaulers.

Is Coyote asset based?

Flexible solutions built for your supply chain. Meet all of your high-volume capacity, equipment and short-term project needs with Coyote’s asset-based solutions.

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Why did UPS sell freight?

Carol Tomé, UPS’s CEO since June 2020, explained in a statement that the sell-off is part of the company’s “better not bigger” strategy, which involves divesting businesses that weren’t a good fit for the company’s current and future plans.

Where is Coyote Logistics headquarters?

Coyote Logistics is headquartered in Chicago, IL and has 8 office locations across 5 countries.

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