Which Company Bought Coyote Logistics?

Workers at the Chicago office of freight brokerage company Coyote Logistics LLC, which announced Friday an agreement to be acquired by United Parcel Service Inc. Jeff Silver sold his first freight startup for $136 million nearly 15 years ago.

Who owned Coyote Logistics?

Coyote Logistics, which coordinates freight movements, was acquired by UPS in 2015 for $1.8 billion. At Coyote, Silver spent more than a decade refining the company’s sales strategy in the U.S., Canada and Mexico, experience that has now helped define the mission of Forager.

Did UPS sell Coyote Logistics?

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. Founded in 2006, Coyote reported annual revenue of $2.1 billion in 2014.

How much did UPS pay for Coyote Logistics?

United Parcel Service said on Friday that it would buy Coyote Logistics, a smaller transportation and logistics provider, for $1.8 billion in cash. The nine-year-old Coyote is owned by the private equity firm Warburg Pincus.

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Is Coyote publicly traded?

Since its founding, Coyote, an Inc. (Coyote’s biggest competitor, the publicly traded company C.H.

When did ups buy Coyote Logistics?

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

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 are Coyote Logistics competitors?

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

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.

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.

Who is the CEO of Coyote Logistics?

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.

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.

What kind of company is Coyote?

Coyote is a third-party logistics firm that provides freight transportation and intermodal brokerage services.

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What does Coyote do for UPS?

As a UPS company, Coyote plays a key role in helping UPS source carrier capacity throughout their Peak Season. This gives carriers in the Coyote network unique access to dedicated daily loads. During the 2020 Peak Season, over 1,500 carriers in the Coyote network hauled over 100,000 loads.

Where is Coyote Logistics located?

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

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