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UPS to buy Coyote Logistics for $1.8 billion

2015-08-02 14:24:59| Air Courier - Topix.net

United Parcel Service Inc. will buy Coyote Logistics in a $1.8 billion bid to jump into the freight-brokerage business and improve holiday-season shipping performance. The deal could help generate additional revenue and savings of as much as $150 million, UPS said Friday, as the company expands into the business of linking customers with thousands of haulers able to do the work.

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