---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-074147"
form_type: "8-K"
ticker: "RXO"
cik: "0001929561"
company_name: "RXO, Inc."
filed_at: "2024-06-24T23:59:59+00:00"
generated_at: "2026-06-01T02:37:02.506071+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# RXO acquires UPS's Coyote Logistics for $1.025B to become #3 North American freight broker

## Summary
- Purchase price $1.025B cash; deal expected to close by end of 2024, subject to HSR and customary conditions.
- Acquired business 2023 revenue ~$3.2B, gross margin ~$470M, adjusted EBITDA ~$86M; annual cost synergies of at least $25M.
- Financing: $550M equity from MFN Partners and Orbis Investments, plus $1.1B bridge loan from Goldman Sachs; leverage-neutral.
- Transaction immediately accretive to adjusted diluted EPS and adjusted free cash flow; Q2 2024 EBITDA outlook reaffirmed at $24-30M.
- UPS contract for brokered transportation extends through January 2030.

## SEC filing metadata
- accession: 0001104659-24-074147
- form_type: 8-K
- ticker: RXO
- cik: 0001929561
- company_name: RXO, Inc.
- filed_at: 2024-06-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1929561/000110465924074147/0001104659-24-074147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1929561/000110465924074147/tm2417822d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-074147
- JSON: https://secwatch.observer/filing/0001104659-24-074147.json
- Plain text: https://secwatch.observer/filing/0001104659-24-074147.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.