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UPS To Acquire Coyote Logistics

07.31.15 | US

UPS to acquire technology-driven, non-asset based truckload freight brokerage, adding to portfolio with complementary revenue and operational synergies

Transaction Highlights

  • UPS announces agreement to acquire Coyote Logistics for $1.8 billion
  • Expands portfolio, adding large scale non-asset based full-truckload (FTL) and transportation management services
  • Provides growth opportunities for UPS from high growth truck freight market expansion, Coyote organic growth, customer cross-selling
  • Synergies for UPS backhaul utilization and purchased transportation
  • Leadership continuity: CEO Jeff Silver, an industry veteran, will continue to lead Coyote, as a UPS subsidiary
  • Coyote employees, expertise, systems and culture to be supported
  • Accretive to earnings in 2016
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UPS Applauds Passage Of Legislative Language To Tax All Fuels Equally

07.30.15 | US

Provision in short-term highway bill extension will end disparity in the way some alternative fuels are taxed

UPS® (NYSE:UPS), a leading global logistics provider, applauds the U.S. Congress for passing legislative language in today’s short-term highway extension equalizing the federal excise tax for liquefied natural gas (LNG) and propane with their counterparts, diesel and gasoline. This federal tax disparity for LNG and propane is perhaps the greatest disincentive to converting large commercial trucking fleets to run on alternative fuels.

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Longitudes: The UPS Blog

Nanotech: Anything but Small

Wed, 05 Aug 2015 03:30:26 GMT

What can nanotechnology do for entrepreneurs and job creation? Javier Garcia-Martinez | University of Alicante Job creation is a top priority of many economies. As part of achieving this, public policies are designed to foster economic growth. Unfortunately, growth doesn’t always mean employment, as a persistent jobless growth – one of the World Economic Forum’s […]

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