RXO completes $1B acquisition of Coyote Logistics

The deal brings little customer overlap as RXO has traditionally served the retail and e-commerce, and industrial and manufacturing segments. Coyote has a relationship with only three of RXO’s top 25 customers. It mostly works with large carriers and private fleets, whereas the RXO network was built on small carriers. Once integrated, the RXO platform will have 150,000 carriers providing capacity.