RXO files Coyote Logistics financials for $1.025B acquisition from UPS

RXO, Inc.

RXO to acquire Coyote Logistics (UPS's truckload brokerage) for $1.025B cash.
HSR waiting period expired Aug 1, 2024; closing subject to customary conditions.
Coyote revenue $3.15B in 2023 (down 34% from $4.77B in 2022); net loss of $70M.
Coyote 2023 includes $111M intangible asset impairment charge; operating loss of $90M.
RXO pro forma combined financials filed; transaction expected to close in H2 2024.

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