UPS’s plan to seek ‘strategic alternatives’ for Coyote is the latest reminder of a challenging truckload brokerage market
February 1, 2024
While this week’s fourth quarter earnings call, for Atlanta-based global freight transportation and logistics services provider UPS, was replete with interesting information and data, including nearly 8% revenue decline and 12,000 layoffs, another interesting takeaway was related to its truckload brokerage business, Coyote, which it acquired in 2015.