UPS Oct 2024 165.000 put
- Barrons.com
These Stocks Are Moving the Most Today: Apple, Meta, Trump Media, RXO, Eli Lilly, ResMed, Under Armour, and More
Apple is charged by the European Union for failing to comply with the Digital Markets Act, while separately, a report says the iPhone maker is talking with Meta Platforms about an artificial-intelligence partnership. Trump Media rises as it expects proceeds of nearly $70 million from the exercise of warrants last week.
- Barrons.com
UPS Sells Coyote Logistics to RXO for $1 Billion. This Company Got The Better Deal.
STOCKSTOWATCHTODAY BLOG Logistics giant United Parcel Service and third-party logistics provider RXO struck a deal on Sunday. The transaction matters more for RXO—and its stock. UPS on Sunday announced the sale of third-party logistics provider Coyote Logistics to RXO for $1 billion.
- Associated Press Finance
UPS agrees to sell its freight-brokerage division for less than it paid for the business in 2015
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 core package-delivery business. UPS CEO Carol Tome said “the decision to sell our Coyote Logistics business allows an even greater focus on our core business." RXO, a freight broker based in Charlotte, North Carolina, said acquiring Coyote will nearly double the company, to $7.1 billion in annual revenue, and make it the third-biggest freight broker in North America.
