Public filings and earnings reports show that UPS slashed its workforce by eliminating 48,000 jobs in 2025 and that another 20,000 positions are to be cut by early 2026 as part of the company’s ...

United Parcel Service said Sunday it agreed to sell its Coyote Logistics division to RXO for just over $1 billion — less than it paid for the freight-brokerage company in 2015 — to focus more on its ...

UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23. RXO expects the transaction will ...

ATLANTA--(BUSINESS WIRE)--UPS (NYSE: UPS) today announced that is has agreed to acquire Frigo-Trans, and its sister company BPL, (together “Frigo-Trans”) industry-leading, complex healthcare logistics ...

Sandy Springs-based UPS, which is slashing costs as it seeks to boost its bottom line, is selling its Coyote Logistics freight brokerage unit for $1.025 billion, nine years after acquiring the ...

United Parcel Service (NYSE:UPS) announced on Sunday that it has entered into an agreement to sell its Coyote Logistics business unit to RXO (NYSE:RXO) for $1.025 billion. The transaction is expected ...

AI-driven digital freight matching platforms are transforming the brokerage landscape, helping shippers and carriers automate workflows, boost utilization, and navigate the lingering freight recession ...

UPS ( UPS 1.34%), one of the world's top shipping couriers, was once a reliable blue chip stock. Its shares closed at a ...

More than 2,000 workers have been laid off across logistics and manufacturing firms as 2026 begins, driven by facility closures, lost contracts and bankruptcy filings.